Anyone who sells or offers to sell business opportunities must comply with the Business Opportunity Disclosure Act, Title 13, Chapter 15 of the Utah Code, before commencing business in Utah. Sellers of business opportunities are required to file with the division the information that is required under Utah Code Ann. §13-15-4(1) and receive from the division proof of receipt of this filing.
Franchisors of package franchises or product franchises that are in compliance with Federal Trade Commission rules are exempt from filing with the division the information that sellers of business opportunities must file. Instead, these franchisors must file a notice of exemption filing stating that they are in substantial compliance with the requirements of the Federal Trade Commission rules.