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Business Opportunity Regulation States

Before you buy into a business opportunity, find out if your state regulates them and how the laws can protect you.

Over a period of about 25 years, 24 states and the Federal Trade Commission (FTC) adopted laws that impose a variety of requirements on companies and individuals who sell packages that qualify as "business opportunities." Some statutes call the concept "seller-assisted marketing plans." The FTC adopted a set of business opportunity regulations as part of its 1979 Franchise Rule basically requiring full presale disclosure, but it included a definition of a business opportunity venture that was so loose it reached only a fraction of the companies covered by state laws.

To learn more about FTC compliance, visit the FTC Web site . For information on specific state rules, contact the state offices below.

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

California (filing required)
Attorney General's Office
Public Inquiry Unit
P.O. Box 944255
Sacramento, CA 94244-2550
(800) 952-5225 (in-state only)
(916) 322-3360 (out-of-state)
http://www.ag.ca.gov/consumers/general/samp.htm piu@doj.ca.gov

Connecticut (filing required)
Department of Banking
Securities Division
44 Capitol Avenue
Hartford, CT 06106
(203) 566-4560 ex8322
http://www.state.ct.us/dob/pages/bsoplist.htm

Florida (filing required)
Dept. Agri. & Consumer Services
Room 110 - Mayo Building
Tallahassee, FL 32301
(850) 488-2221
(800) 342-2176 (in-state only)
http://doacs.state.fl.us/onestop/cs/business.html

Georgia (no filing required)
Office of Consumer Affairs
No. 2 - Martin Luther King Dr.
Plaza Level, East Tower
Atlanta, GA 30334
(404) 656-3790
http://www.legis.state.ga.us/GaOCA/

Illinois (filing required)
Illinois Securities Department
Lincoln Tower
520 S. Second St. Suite 200
Springfield, IL 62701
(217)782-2256
http://www.library.sos.state.il.us/departments/securities/securities.html

Indiana (filing required)
Consumer Protection Division
Attorney General's Office
219 State House
Indianapolis, IN 46204
(317) 232-6331
http://www.in.gov/attorneygeneral/consumer/index.htm

Iowa (filing required)
Securities Bureau
Second Floor
Lucas State Office Building
Des Moines, IA 50319
(515) 281-4441
http://www.iid.state.ia.us/division/securities/default.asp

Kentucky (filing required)
Attorney General's Office
Consumer Protection Division
209 St. Clair
Frankfort, KY 40601
(502) 573-2200
http://www.law.state.ky.us/cp/Default.htm

Louisiana (bond filing required)
Office of the Attorney General
Consumer Protection Division
2610-A Woodale Blvd.
Baton Rouge, LA 70804
(504) 342-7900
http://www.ag.state.la.us/consumer.shtml

Maine (filing required)
Banking Bureau
Securities Division
State House - Station 121
Augusta, ME 04333
(207) 624-8551
http://www.state.me.us/pfr/sec/sec_index.htm

Maryland (filing required)
Attorney General's Office
Securities Division
200 St. Paul Pl. - 20th Floor
Baltimore, MD 21202
(301) 576-6360
http://www.oag.state.md.us/Securities/index.htm

Michigan (notice required)
Consumer Protection Division
Dept. of the Attorney General
670 Law Building
Lansing, MI 48913
(517) 373-7117
http://www.ag.state.mi.us/cp/index.htm

Minnesota (filing required)
Department of Commerce
Registration Division
133 East 7th Street
St. Paul, MN 55101
(651) 296-6328
http://search.state.mn.us/commerce/

Nebraska (filing required)
Dept. of Banking & Finance
P.O. Box 95006
Lincoln, NE 68509
(402) 471-2171 or
(402) 471-3445
http://www.ndbf.org/

New Hampshire (filing required)
Attorney General's Office
Consumer Protection Div.
State House Annex
Concord, NH 03301
(603) 271-3641
http://www.state.nh.us/nhdoj/Consumer/cpb.html

North Carolina (filing reqired)
Department of Justice
Consumer Protection Division
P.O. Box 629
Raleigh, NC 27602
(919) 733-3924
http://www.jus.state.nc.us/cpframe.htm

Ohio (no filing required)
Attorney General's Office
Consumer Fraud & Crime Section
25th Floor, State Office Tower
30 East Broad Street
Columbus, OH 43266-0410
(614) 466-8831
800-282-0515 (in-state only)
http://www.ag.state.oh.us/consumer/consumer.htm

Oklahoma (filing required)
Oklahoma Department of Securities
Suite 860, First National Center
120 N. Robinson
Oklahoma City, OK 73102
(405) 280-7700 (voice)
(405) 280-7742 (fax)
http://www.securities.state.ok.us

South Carolina (filing required)
Secretary of State's Office
P.O. Box 11350
Columbia, SC 29211
(803) 734-2169
http://www.scsos.com/

South Dakota (filing required)
Division of Securities
910 E. Sioux Avenue
Pierre, SD 57501
(605) 773-4013
http://www.state.sd.us/dcr/securities/

Texas (filing required)
Secretary of State's Office
Statutory Documents Section
P.O. Box 13563
Austin, TX 78711
(512) 475-1769
http://www.sos.state.tx.us/statdoc/index.shtml

Utah (filing required)
Consumer Protection Division
160 East 300 South
Salt Lake City, UT 84111
(801) 530-6601
http://www.commerce.utah.gov/dcp/index.html

Virginia (no filing required)
Consumer Affairs Office
101 North 8th Street
Richmond, VA 23219
(804) 786-0594
(800) 451-1525 (in-state only)
http://www.vdacs.state.va.us/index.html

Washington (filing required)
Department of Financial Institutions
Securities Division
P.O. Box 9033
Olympia, WA 98507-9033
(206) 753-6928
http://www.dfi.wa.gov/sd/default.htm

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