Files
Abstract
Small businesses, even home based business must comply with numerous local, state and federal regulations. It may be easy to avoid or ignore regulatory details but may come back to haunt your down the road as regulations can have a significant impact on a business. Failing to address applicable regulations in the beginning may avert some red tape in the short term, but could be a serious impediment to future growth. Taking the time to research the applicable regulations is as important as knowing your market. This document was created to provide a checklist of some of the most common regulations and requirements facing small businesses. Regulations vary by industry and this checklist is not exhaustive. Failure to fully investigate the regulations that affect your industry could lead to being out of compliance resulting in your business being unprotected legally, leading to financial penalties and jeopardizing your business. It is ultimately up to the business owner to investigate and address the regulations that adhere to there specific business.