Changes to Ohio’s Business Opportunities Law

Changes to Ohio’s business opportunities law became effective September 28, 2012. Senate Bill No. 196 broadens the definition of “business opportunity plan” to include plans purchased with an initial payment up to $100,000, as opposed to the previous limit of $50,000. In addition, the bill amends various other provisions of the business opportunity law, including those relating to the cancellation of agreements, compliance with trade regulation rules, and disclosure requirements.

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