Illinois Business Opportunity Sales Act

GPTKB entity

Statements (45)
Predicate Object
gptkbp:instanceOf legislation
gptkbp:aimsTo protect_consumers
gptkbp:amends Public Act 100-1050
gptkbp:appliesTo sellers of business opportunities
gptkbp:consequences non-compliance
gptkbp:defines business opportunity
gptkbp:effectiveDate January 1, 1990
gptkbp:enactedBy gptkb:Illinois_General_Assembly
gptkbp:established consumer rights
gptkbp:governs business opportunity sales
https://www.w3.org/2000/01/rdf-schema#label Illinois Business Opportunity Sales Act
gptkbp:includes registration fees
definitions of business opportunities
gptkbp:includesProvisionsFor franchise sales
gptkbp:isAccessibleBy online business opportunities
gptkbp:isActiveIn academic research
gptkbp:isChallengedBy business associations
gptkbp:isCitedIn legal cases
gptkbp:isCriticizedFor complexity
gptkbp:isDiscussedIn legal literature
business seminars
gptkbp:isEvaluatedBy regulatory agencies
gptkbp:isExaminedBy gptkb:Illinois_Attorney_General
gptkbp:isInfluencedBy federal trade regulations
gptkbp:isIntegratedWith prevent fraud
gptkbp:isPartOf gptkb:Illinois_Compiled_Statutes
consumer protection legislation
Illinois_business_law
gptkbp:isPromotedBy state officials
gptkbp:isReferencedBy business consultants
gptkbp:isRelatedTo business licensing
franchise law
gptkbp:isReviewedBy legislative committees
gptkbp:isSubjectTo state regulations
gptkbp:issuedBy gptkb:Illinois_Secretary_of_State
gptkbp:isSupportedBy consumer advocacy groups
gptkbp:isUpdatedBy legislative amendments
gptkbp:mandates written contracts
gptkbp:provides consumer protection measures
registration of business opportunity sellers
gptkbp:requires financial disclosures
disclosure of information
annual renewals
background checks for sellers
disclosure of earnings claims