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ADOPTED REGULATION OF THE COMMISSIONER OF FINANCIAL INSTITUTIONS LAB File No. R04600 Effective September 5, 2000, EXPLANATION Matter in italics is new; matter in brackets [omitted material] is material

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How to fill out small business impact statement

01

Gather necessary information about your small business, such as details about your products or services, number of employees, revenue, and any potential impacts of regulatory changes.

02

Access the appropriate form for the small business impact statement, which may vary depending on the organization or agency requesting it.

03

Fill out the form accurately and thoroughly, making sure to provide detailed explanations and supporting data for each question or section.

04

Review the completed small business impact statement for any errors or missing information before submission.

05

Submit the small business impact statement according to the specified deadline and follow up as needed.

Who needs small business impact statement?

01

Small business owners

02

Government agencies or organizations requesting regulatory changes or proposals that may impact small businesses

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What is small business impact statement?

Small business impact statement is a document that assesses the effects of proposed regulations on small businesses.

Who is required to file small business impact statement?

Government agencies are typically required to file small business impact statements when proposing new regulations that may affect small businesses.

How to fill out small business impact statement?

Small business impact statements are typically filled out by government agencies and should include information on the potential impacts of the proposed regulations on small businesses.

What is the purpose of small business impact statement?

The purpose of small business impact statement is to ensure that proposed regulations take into consideration the potential effects on small businesses and to help mitigate any adverse impacts.

What information must be reported on small business impact statement?

Information that must be reported on a small business impact statement typically includes anticipated costs, benefits, and compliance requirements for small businesses.

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