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Parent accounts are not a funding commitment
The Attorney General’s Franchise Bureau publishes application, costs/source-of-funds, seller, consent-to-service, guaranty and accountant-consent forms, plus escrow, surety-bond and deposit documents. Their availability does not establish that every form is required or a proposed guarantor will be accepted.
If a new U.S. seller promises training funded by a Swedish parent, identify the seller’s actual obligations, when costs fall due and the parent’s actual commitment. Parent financial statements alone do not commit that money. Accountant consent must refer to the correct statements.
What the annual tips sheet actually says
The currently linked annual sheet states renewal is due 120 days after financial year end. It calls for consistent issuance dates across cover, certification, accountant consent and receipts; clean and blackline (changes marked) FDD versions; and relevant forms, including revised Forms B and C where changes occurred.
It describes requesting removal of financial assurance in filing correspondence. A request is not an automatic release; the actual requirement and response control.
Confirm the current channel before submitting
NASAA’s downloaded EFD franchise-fee schedule is dated April 15, 2025 and lists $500 for an Illinois initial filing and $100 for renewal. It cautions that updates may not be reflected. This is dated provider information, not a verified current state-fee instruction or a statement about separate system charges.
The annual tips sheet is undated and contains hardcopy, flash-drive and no-email instructions. NASAA describes electronic franchise filing generally, but the actual current Illinois participation and submission pages were not readable. Do not infer a currently accepted route from either source alone. Complete initial offer/sale effectiveness timing also remains unverified from an actually retrieved current statute/rule body.
Scope
- Limited to the cited assurance/preparation documents, undated annual tips and explicitly dated 2025 provider fee schedule. Current initial effectiveness, fee and Illinois-specific accepted channel remain unresolved; the accessible older state mirror is not a current substitute.
Next step
Confirm the assurance actually required and the current submission instructions before relying on a proposed filing or annual renewal.
Sources & review notes
Illinois Attorney General
Passage, dates and research notes
official-guidance · Franchise Information; forms
The Franchise Bureau in the Office of the Attorney General registers and monitors franchisors and brokers
Narrow cited passages reviewed. This is not a complete jurisdictional survey.
Illinois Attorney General
Passage, dates and research notes
official-guidance · Complete one-page tips sheet
120 days after Franchisor’s fiscal year end date.
Read actual entire agency-linked sheet. It also contains hardcopy/flash-drive/no-email instructions with no publication date; current channel and transaction-specific acceptance must be verified, not assumed from an old-style PDF. Current statutory body requests returned 503. No initial-sale deadline/exemption asserted from this sheet.
North American Securities Administrators Association, EFD provider
Passage, dates and research notes
primary · NASAA EFD franchise fee schedule, dated April 15, 2025 in downloaded PDF, Illinois row
As of April 15, 2025
Actual raw downloaded PDF, complete Illinois row and update warning read. The web-reader cached rendering reports April 22 instead; that differing snapshot is not used to change this raw-source date. Provider schedule, not an enacted state statute or live portal acceptance confirmation.
Detailed rule records (2)
The Attorney General administers franchise registration and publishes application, costs/source-of-funds, seller, accountant-consent, escrow, guaranty and surety-bond forms. A form being available does not make it mandatory in every application.
Franchise InformationThe currently linked annual tips sheet describes 120 days after fiscal year end, document-date consistency, revised forms and clean/blackline FDD preparation; verify current filing channel/acceptance and fee before relying on its undated procedural details.
Annual renewal filing information — currently linked tips Franchise InformationKeep this reading in your learning library.
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