Unregistered Franchisors Can Apply to the Office of the New York State Attorney General for a 3 Day Exemption to Exhibit Their Franchise at the June 2012 International Franchise Expo (IFE) in New York
Paramus, NJ – (December 1, 2011) –The New York Attorney General’s Office has allowed franchise companies to apply for a 3 day exemption from registration to showcase their brand at the 2012 International Franchise Expo (IFE), which will take place June 15-17 at the Javits Center in New York City.
All U.S. and international franchisors can now apply for this “Trade Show Exemption” status to exhibit at the upcoming International Franchise Expo. The exemption form can be downloaded through the Attorney General’s Website here and requires a $450 fee.
The exemption clearly states that non-registered franchisors can participate in IFE and promote their franchise opportunity only during trade show hours and only on the trade show floor during these dates. The sale of a franchise is still prohibited until formal registration with the state takes place.
This exemption is specific to the IFE and covers U.S. franchisors that are not registered to offer their franchise in the State of New York, as well as international franchisors that do not have the required Franchise Disclosure Document (FDD) to offer their franchise in the U.S. and/or to submit for state registrations.
The three-day event, which is moving to New York this summer after being held in Washington D.C. for more than 20 years, uniquely showcases hundreds of franchise companies offering a wide range of opportunities at virtually every investment level. Tens of thousands of prospective investors from across the country and overseas have attended the show
The franchise industry is a major contributor to the U.S. economy, employing more than 20 million people and contributing over $2 trillion in economic activity, according to the International Franchise Association, the show’s sponsor.
“We are thrilled that the opportunity is now extended to so many new businesses,” said Tom Portesy, President & CEO of MFV Expositions, producers of the show. “Not only will franchising be front and center in New York by moving the expo to Manhattan in 2012, but the Attorney General’s office has made it easier to get involved as an exhibitor.” In addition to the comprehensive local, regional, national and international promotion, IFE is supported by the U.S. Department of Commerce and promoted worldwide. “The response to the IFE moving to New York City has been overwhelming. The exhibit space available is nearly sold out, despite the expo being seven months away.”
Portesy also added, “We are extremely grateful to Shery Christopher of Shery Christopher Consulting for conceiving this three-day exemption and bringing it to fruition through her sustained efforts in collaboration with the Office of the New York State Attorney General.”
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