Q. How do you find out specific state law for the car wash businesses for sale in Michigan?
According to Michigan law, a franchise is any company which is regulated by and licensed to use the trademarks of another. Therefore, these laws apply to even non-corporate businesses. The Michigan Attorney General’s office is a good source of information. Michigan is one of the 15 US states which requires a franchisee to be supplied with a UFOC (Uniform Franchise Offering Circular) which lays out full details of the company as required by the Federal Trade Commission. The Michigan Legislature Franchise Law website details the Franchise Investment Law of Michigan and the Franchise Investment Act. The Michigan Attorney General’s office has available a Franchise Investment Report, which suggest specific ways of approaching a franchise deal in the state of Michigan and how to comply with state law. Some people find the quality and complexity of state law overwhelming and prefer rather to offer their services as self-employed consultants to other franchisees to assist with WSI in their businesses.
- Elizabeth Miranda
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