VermontVermont requires businesses to report franchise roles starting in 2027
Starting January 1, 2027, franchise businesses must identify their role in filings with Vermont’s Secretary of State, and franchise operators must name the business granting their franchise.
What it does
Starting January 1, 2027, covered businesses must report their franchise role whenever they submit required state filings. Businesses operating under a franchise must also name the business granting it.
Argument forIdentifying franchise roles and naming the business granting a franchise could help state officials understand how registered businesses are connected.
Argument againstRepeating franchise information in each required filing could add paperwork for businesses, even when their franchise relationship has not changed.
More detail
Starting January 1, 2027, covered businesses must identify whether they grant franchises or operate under one in filings with Vermont’s Secretary of State. The requirement covers people doing business in Vermont as franchisors or franchisees who register with the Secretary of State. It applies to initial registrations, amendments, periodic reports, and other required filings. Businesses operating under a franchise must also name the business granting their franchise. These disclosures accompany the other information required for state registration. The law takes effect on January 1, 2027.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 22House message: Governor approved bill on April 20, 2026Latest
- Apr 21Signed by Governor Phil Scott on April 20, 2026Became Law
- Apr 14Delivered to Governor on April 14, 2026To Governor
- Apr 10Senate Message: Passed in concurrenceMajor
- Apr 9Read 3rd time & passed in concurrencePassed 2nd Chamber
- Apr 9New Business/Third ReadingMinor
- Apr 8Reported favorably by Senator Mattos for Committee on Finance, read 2nd time and 3rd reading orderedMinor
- Apr 8Favorable report by Committee on FinanceMinor
- Apr 8Unfinished Business/Second ReadingMinor
- Apr 7Favorable report by Committee on FinanceMinor
- Apr 7New Business/Second ReadingMinor
- Apr 3Favorable report by Committee on FinanceMinor
- Apr 3Second ReadingMinor
- Apr 3Entered on Notice Calendar
- Mar 24Read 1st time & referred to Committee on FinanceMinor
- Mar 19Read third time and passedPassed 1st Chamber
- Mar 19Action Calendar: Third ReadingMinor
- Mar 18Third Reading orderedMinor
- Mar 18Report of Committee on Commerce and Economic Development agreed to
- Mar 18Rep. Micklus of Milton reported for the Committee on Commerce and Economic Development
- Mar 18Read second timeMinor
- Mar 18Action Calendar: Favorable with Amendment
- Mar 17Notice Calendar: Favorable with Amendment
- Jan 21Read first time and referred to the Committee on Commerce and Economic DevelopmentIntroduced
Economy & Jobs