State Registration Listings

California Connecticut Florida Georgia Illinois Indiana Iowa Kentucky Louisiana Maine Maryland Michigan Minnesota Nebraska New Hampshire North Carolina Ohio Oklahoma South Carolina South Dakota Texas Utah Virginia Washington

It is important that you review each state's business opportunity statute with regard to your company's particular offering. However, general state definitions can be summarized using the following qualifiers:

A Seller furnishes goods or services for a payment of $500 or more to equip the Purchaser to start a business, and the Seller represents to the Purchaser any or more of the following:

• the business will earn the Purchaser an amount greater than the required investment;
• the Seller will purchase all or part of the Purchaser's production;
• the Seller will locate, or help locate, locations for racks, vending machines, etc.;
• if the Purchaser becomes dissatisfied with the business, the Seller will refund the initial investment or buy back the business; or
• the Seller will provide, for a fee, a marketing or operating plan.

The Federal Trade Commission's basic qualifiers for what it considers a "business opportunity" include

1. the Purchaser sells goods or services supplied by the Seller or an affiliate;
2. the Seller assists the Purchaser in securing accounts or locations for the sales of the Purchaser's goods or services; and
3. the Purchaser pays the Seller or an affiliate at least $500 at any time before, or within six months after, the business opportunity is purchased.

Before you offer your business opportunity program to the public, check with an attorney expert in the offering of franchised and/or non-franchised business opportunities. At the very least, check with the Federal Trade Commission in Washington D.C. and/or your state Attorneys General office, Secretary of State office or your local Better Business Bureau to see if they can provide you with specific registration information.

Disclaimer: Neither InterAct Concept Development Corp. nor Centercourt, or its representatives or affiliates can offer legal advice. As such, neither InterAct nor Centercourt assume any responsibility or liability with regard to information contained in the section. Sellers of business opportunity offerings are advised to consult with legal counsel prior to developing and/or offering their program(s) to the public.