An Act relative to encouraging the growth of small businesses

This bill creates a new legal category called "bona fide business entities" to help small businesses avoid being classified as employees under state and federal laws. To qualify for this status, a company must be registered with the state, report its income as business income on tax forms, file payroll taxes for its own workers, and follow all labor and employment regulations. The primary effect is that independent contractors meeting these criteria would not be subject to employee-specific rules in areas like taxation and labor standards.