Wisconsin § 553.235 Experienced franchisee exempt transactions.

Wisconsin Statutes

§ 553.235 — Experienced franchisee exempt transactions.

Wisconsin § 553.235

Ch. 553Wisconsin franchise investment law

Subch.subch. II of ch. 553 SUBCHAPTER II

REGISTRATION OF FRANCHISES

This text of Wisconsin § 553.235 (Experienced franchisee exempt transactions.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 553.235 (2026).

Text

553.235 553.235(1) (1) Conditions of exemption. Except as provided in sub.

(2), a registration exemption is available for the sale of a franchise that meets all of the following conditions: 553.235(1)(a) (a) The immediate cash payment required by the franchisee upon purchase of the franchise is at least $100,000 and does not exceed 20 percent of the franchisee’s net worth, excluding the franchisee’s principal residence, furnishings and automobiles for personal use. 553.235(1)(b) (b) With respect to each sale in this state, the franchisor reasonably believes immediately before making the sale that the prospective franchisee, either alone or with the prospective franchisee’s representative, has sufficient knowledge and experience in the type of business operated under the franchise that the

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553.235
553.235(1) (1) Conditions of exemption. Except as provided in sub. (2) , a registration exemption is available for the sale of a franchise that meets all of the following conditions:
553.235(1)(a) (a) The immediate cash payment required by the franchisee upon purchase of the franchise is at least $100,000 and does not exceed 20 percent of the franchisee’s net worth, excluding the franchisee’s principal residence, furnishings and automobiles for personal use.
553.235(1)(b) (b) With respect to each sale in this state, the franchisor reasonably believes immediately before making the sale that the prospective franchisee, either alone or with the prospective franchisee’s representative, has sufficient knowledge and experience in the type of business operated under the franchise that the prospective franchisee is capable of evaluating the merits and risks of the prospective franchise investment.
553.235(2) (2) Exceptions.
553.235(2)(a) (a) The exemption under sub. (1) is not available for the sale of a franchise in which the franchisee would be a motor vehicle dealer or a motor vehicle distributor or wholesaler, as defined in s. 218.0101 .
553.235(2)(b) (b) The division may, by rule or order, withdraw or further condition the availability of the exemption under sub. (1) .