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SMALL BUSINESS IMPACT STATEMENT FORM See DCL 1262.1 1. Our agency has determined that the/s we are proposing have the following type o f impact on small businesses: E Direct impact (please complete

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What is small business impact statement?

A small business impact statement is a document that outlines the potential effects a proposed regulation or rule may have on small businesses within a specified jurisdiction.

Who is required to file small business impact statement?

Government agencies or departments responsible for proposing regulations or rules are typically required to file a small business impact statement.

How to fill out small business impact statement?

Small business impact statements are typically filled out by assessing the potential impact of a proposed regulation on small businesses in terms of costs, compliance burden, and any potential benefits.

What is the purpose of small business impact statement?

The purpose of a small business impact statement is to ensure that proposed regulations take into account the unique challenges and needs of small businesses, and to assess the potential economic effects on them.

What information must be reported on small business impact statement?

A small business impact statement may include information on the potential costs to small businesses, the number of small businesses affected, any alternatives considered, and potential benefits to small businesses.

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