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STATE OF NEVADA DEPARTMENT OF BUSINESS & INDUSTRY DIVISION OF INSURANCE Determination of Necessity of Small Business Impact Statement NRS 233B.0608(1) Medicare Supplement Regulation EFFECTIVE DATE
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How to fill out small business impact statement

01
Start with basic business information: Include the name, address, and contact details of your small business.
02
Define the purpose: Clearly state the reasons for filling out the small business impact statement.
03
Describe the business operations: Explain what your business does and its role in the community or industry.
04
Identify potential impacts: Outline how your business may be affected by specific regulations, policies, or economic changes.
05
Provide data and estimates: Include quantitative data or projections to support your claims about the potential impacts.
06
Highlight community involvement: Mention any engagements or contributions your business has made towards the local community.
07
Review and finalize: Check for accuracy, clarity, and completeness before submitting the document.

Who needs small business impact statement?

01
Small business owners seeking to understand the potential effects of legislation or regulations on their operations.
02
Local government agencies needing insights into the small business sector's contributions and challenges.
03
Advocacy groups working to represent small businesses and influence policy decisions.
04
Economic development organizations that aim to support and promote local businesses.
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A small business impact statement is a document that assesses the potential effects of proposed regulations or policies on small businesses within a specific jurisdiction.
Typically, governmental agencies or legislatures are required to file a small business impact statement when they propose new rules or regulations that might affect small businesses.
To fill out a small business impact statement, a filer should gather relevant data about the proposed action, analyze the potential impact on small businesses, and provide detailed information regarding costs, benefits, and alternative options.
The purpose of a small business impact statement is to inform decision-makers about the potential economic and operational consequences of regulatory changes on small businesses, ensuring that their perspectives are considered.
Information that must be reported includes estimated costs to small businesses, potential benefits, alternatives considered, and any specific comments or concerns raised by small business stakeholders.
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