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.
By Jacquelyn Lynn •
Opinions expressed by Entrepreneur contributors are their own.
If you're in business, you're expected to comply withvarious government requirements. And being subject to regulationmeans you're also subject to periodic compliance inspections bythe appropriate agency.
"Obviously, it's better to be in compliancebefore a government audit," says Jon Miller, a laborand employment law attorney with Berger, Kahn, Shafton, Moss,Figler, Simon & Gladstone in Irvine, California. "Somegovernment-agency audits may uncover minor violations, which simplylead to a formal order or informal request for modifications.Others may uncover substantial violations, which can threaten thevery existence of a business with [corporate] fines and, in someinstances, may even involve a threat of [individual] fines or jailtime for managers and owners."
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