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News Briefs

By ALM Staff | Law Journal Newsletters |

South Dakota Eases Franchisor Filing Requirements

Effective July 1, 2008, franchisors will have a streamlined process for filing Franchise Disclosure Documents ('FDD') in South Dakota. The South Dakota Division of Securities has enacted and Gov. Mike Rounds signed the South Dakota Franchise Investment Act of 2008 that will coordinate the state's filing requirements with the new federal FDD that is required as of July 1. A franchisor will only be required to file one copy of the most recent FDD and to update it annually.

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