What is the address of the Minnesota Department of Commerce, Securities-Franchise Registration, for Fly To Fit?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | State Administrator | Agent for Service of Process (if different from State Administrator) |
|---|---|---|
| Minnesota | Minnesota Department of Commerce | Commissioner of Commerce |
| Securities-Franchise Registration | Minnesota Department of Commerce | |
| 85 7th Place East, Suite 280 | 85 7th Place East, Suite 280 | |
| St. Paul, MN 55101-2198 | St. Paul, MN 55101-2198 | |
| (651) 539-1500 | (651) 539-1500 |
Source: Item 23 — RECEIPTS (FDD pages 44–134)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, the Minnesota Department of Commerce, Securities-Franchise Registration is located at 85 7th Place East, Suite 280, St. Paul, MN 55101-2198. The phone number is (651) 539-1500. This is also the listed address and phone number for the Commissioner of Commerce, who serves as the agent for service of process in Minnesota.
This information is crucial for prospective Fly To Fit franchisees in Minnesota because it identifies the specific state agency responsible for franchise registration and regulation. Franchisees may need to contact this department to report violations, seek information, or address concerns related to their franchise agreement. The FDD emphasizes that registration does not constitute endorsement by the Commissioner of Commerce.
It is important for potential Fly To Fit franchisees to understand that while the state registers the franchise, this does not mean the state approves, recommends, or endorses the franchise. The state also does not guarantee that the information in the FDD is accurate or complete. Therefore, prospective franchisees must conduct their own due diligence and seek professional advice before investing in a Fly To Fit franchise.
Furthermore, the Minnesota Franchise Act makes it unlawful to offer or sell any franchise in the state without providing the prospective franchisee with a copy of the public offering statement and all proposed agreements at least 7 days before signing any binding agreement or paying any consideration. This requirement aims to ensure that franchisees have sufficient time to review the documents and understand their rights and obligations before making a financial commitment.