Government Policy and Regulation

By: A Staff Writer

Updated on: Jul 19, 2024

Red Tape or Protection?

Government rules can stifle or support small biz. How do you stay on the right side?

• Know the Basics: Start with local regulations that impact your business (licenses, permits, etc.).
• Industry Specific Rules: Research what regulations govern your sector closely.
• Tax Time Trouble: Sales tax, payroll tax…comply meticulously to avoid costly fines.
• Employment Law 101: Up-to-date knowledge prevents discriminatory practices, wrongful termination issues.
• Get Involved: Join a trade association or chamber of commerce to advocate for yourself.
• Ignore at Your Peril: Don’t stick your head in the sand…non-compliance hurts worse than the rules.

Proactively understanding regulations minimizes risk and allows you to focus on growth.