Illinois is joining the online filing platform of the North American Securities Administrators Association (NASAA), allowing for franchise filings to be done online, as opposed to in hard copy, according to a Sept. 1, 2022, announcement. 

The NASAA platform, called FRED, already allows franchisors to file their state filings for several other states requiring franchisors to register before offering and selling franchises. While a number of states maintain their own online filing platforms, many have been migrating to FRED, making the NASAA platform a convenient tool for franchisors and their counsel.

If you have questions about this development, please contact a member of Greensfelder’s Franchising & Distribution group.