"Indiana is in the middle of a recession, so legislation like this is important to improving the economic climate of our state," said Rep. Saunders.
The legislation would allow businesses to cut down on start-up administrative costs and streamline the process, allowing for more businesses to be created. In order to do so, the bill requires the Secretary of State to develop and maintain a website that would allow a person to submit information about their business to comply with the requirements of state law. Those requirements would include registering with state agencies and obtaining necessary licenses and permits.
"We understand that the start-up process for businesses is often difficult," said Rep. Saunders. "This is even truer for small businesses that lack the resources and manpower of larger companies. With this legislation, we found a simple solution to ease the burden."
Additionally, House Bill 1006 would also develop high school entrepreneurial courses to encourage the use of those skills from an earlier age.
"Our current economy includes a large amount of entrepreneurs and small business owners-so why not foster that spirit at a young age. We need to equip younger generations with those skills needed so that they will be successful," said Rep. Saunders. "This legislation is a good first step in that process."
The legislation will move to the Senate for further discussion. If passed into law, it would go into effect in July 2011.
To view up-to-date information regarding this legislation and others, visit www.in.gov/legislative.