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As an incentive to encourage the creation of more small businesses in this state by making access to essential information necessary to begin a business user friendly, the department of economic and community development, in consultation with the office of small business advocate, created within the office of the comptroller of the treasury pursuant to § 8-4-702, shall develop a web page to aid the user in obtaining information concerning state laws, regulations and requirements that apply to the specific type of small business the user desires to form. The web page shall have its own domain name with a URL that indicates it is related to small businesses. The web page shall also contain hyperlinks to such laws, regulations and requirements. The hyperlinks shall include, but not be limited to:
Forms or documents which a state department or agency requires to be filed for that type of business to operate in Tennessee;
Contact information and web sites for boards and commissions which regulate the specific type of entity to be formed; and
Notices regarding potential and pending rule making hearings for the various boards and commissions.
The web page shall also provide notice to the user of the importance of checking with the local government where the business is to be located to ensure compliance with local zoning and code requirements and may provide a hyperlink to the county or municipality's web page, if one is maintained by the county or municipality.
All departments and agencies with regulatory authority over business shall provide assistance in the compilation of this information.
The department of economic and community development shall monitor the web page to ensure the accuracy of its information and to update it as necessary.
The office of small business advocate shall report the status of the project no later than February 15, 2013, to the commerce and labor committee of the senate and the commerce committee of the house of representatives.