Subscribe to Entrepreneur for $5
Subscribe

Lifting The Burden

Illinois franchise law lightens up.

By
This story appears in the December 1998 issue of Entrepreneur. Subscribe »

Franchisors and franchisees both breathed a sigh of relief recently when Illinois legislators passed Public Act 90-842, a modification of the state's Franchise Disclosure Act. The new legislation eliminates much of the state's review power of franchise disclosure documents.

The Illinois Franchise Disclosure Act of 1987 allowed state administrators to hold up the review process if certain phrases in disclosure documents weren't italicized or if administrators requested additional paperwork. The modification simplifies this process.

Continue Reading This Article—And Everything on Entrepreneur!

Become a member to get unlimited access to Entrepreneur.com for less than $1 per week* and support the voices you want to hear more from.*Billed annually at $49/year. Cancel anytime.