Disclosure Requirements Concerning Business Opportunities

ICR 201112-3084-001

OMB: 3084-0142

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-12-01
IC Document Collections
ICR Details
3084-0142 201112-3084-001
Historical Active 200810-3084-002
FTC
Disclosure Requirements Concerning Business Opportunities
Extension without change of a currently approved collection   No
Regular
Approved without change 12/12/2011
Retrieve Notice of Action (NOA) 12/12/2011
Information Collection Request (ICR) #201112-3084-001 has been approved until March 2012. The full 3-year clearance is not needed since a revised ICR package will be created to reflect modifications per the pending new Business Opportunity Rule.
  Inventory as of this Action Requested Previously Approved
03/31/2012 36 Months From Approved 12/31/2011
250,000 0 250,000
16,750 0 16,750
3,887,500 0 3,887,500

The Rule is designed to ensure that prospective purchasers of a business opportunity receive information that will help them evaluate the opportunity that is presented to them. The Rule requires business opportunity sellers to furnish to prospective purchasers a disclosure document that provides information relating to the seller, the seller’s business, the nature of the proposed business opportunity, as well as additional information regarding any claims about actual or potential sales, income, or profits for a prospective business opportunity purchaser. The seller must also preserve information that forms a reasonable basis for such claims.

US Code: 15 USC 41-58 Name of Law: Federal Trade Commission Act
  
None

Not associated with rulemaking

  76 FR 59397 09/26/2011
76 FR 77234 12/12/2011
No

2
IC Title Form No. Form Name
Business Opportunity Sellers (New Entrants)
Business Opportunity Sellers (Established Entities)

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 250,000 250,000 0 0 0 0
Annual Time Burden (Hours) 16,750 16,750 0 0 0 0
Annual Cost Burden (Dollars) 3,887,500 3,887,500 0 0 0 0
No
No

$154,000
No
No
No
No
No
Uncollected
Christine Todaro 202 326-3711 ctodaro@ftc.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
12/12/2011


© 2024 OMB.report | Privacy Policy