Compliance For Entrepreneurs

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Compliance For Entrepreneurs

 Due to increasing laws, entrepreneurs are faced with growing regulatory compliance in business. These legal requirements create obligations but also provide certain rights and protection.

All businesses, small or large, are required to comply with legislation (passed by government), regulations (prescribed by regulatory bodies) or industry best practices.

Compliance requirements range from registration of businesses and business names, licensing, workers compensation, tax and unemployment compensation, and intellectual property protection, to industry specific requirements such as compliance with professional bodies.

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Source: Entrepreneur Magazine

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