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Do As They Say

Laws: Federal, state, local...and if you're not sure your company's in compliance, you'd better <i>get</i> sure.

This story appears in the June 2000 issue of Entrepreneur. Subscribe »

If you're in business, you're expected to comply with various government requirements. And being subject to regulation means you're also subject to periodic compliance inspections by the appropriate agency.

"Obviously, it's better to be in compliance before a government audit," says Jon Miller, a labor and employment law attorney with Berger, Kahn, Shafton, Moss, Figler, Simon & Gladstone in Irvine, California. "Some government-agency audits may uncover minor violations, which simply lead to a formal order or informal request for modifications. Others may uncover substantial violations, which can threaten the very existence of a business with [corporate] fines and, in some instances, may even involve a threat of [individual] fines or jail time for managers and owners."

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