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House Commerce panel presses Secretary of State office on franchise registration data gaps
Summary
The Vermont House Committee on Commerce & Economic Development questioned the Secretary of State's office about how to identify franchisors and franchisees, noting statutory ambiguity about what counts as "doing business" and exploring a checkbox or reporting change to close data gaps.
The Vermont House Committee on Commerce & Economic Development questioned the Secretary of State's office on Feb. 6 about whether franchisors and franchisees doing business in Vermont must register and how the state can reliably identify them.
David Ault, director of the Business Services Division in the Secretary of State's office, told the committee that while entities that "do business" in Vermont generally must file as foreign entities and obtain a certificate of authority, the statute itself leaves room for interpretation. "The statute doesn't say what it means to…
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