As a business owner, the last thing you want is Uncle Sam knocking on your door with a long list of questions and concerns. Here’s a quick video and guide to help keep the government out of your business.
Embrace Proactivity
Entrepreneurs need to get ahead of potential legal issues that can hinder their ability to grow their business. When it comes to government regulations, being one step ahead is crucial. Start by having an annual conversation with a trusted attorney. Ask about what’s on the government’s radar, which agencies should concern you, and what recent legal actions and changes in the law could potentially impact your industry.
Create a Compliance System
To ward off government intrusion, create a compliance system tailored to your industry’s specific needs. This system should consist of comprehensive checklists covering all necessary compliance measures. Make it an annual process to ensure your business remains in good standing.
Appoint a Compliance Officer
Designate a compliance officer within your organization. Their primary role is to objectively review the checklists, confirming that all compliance measures are met and identifying any oversights. This ensures your business is always in compliance.
Rinse and Repeat
Consistency is key. Revisit the compliance checklists and attorney consultations annually. This allows you to stay updated with any regulatory changes and maintain a proactive approach to compliance.
By following these steps, you can ward off potential litigation and investigation and focus on what you do best. It’s about taking control, staying informed, and proactively managing your business’s legal aspects.
Alex Gertsburg is a Managing Partner at Gertsburg Licata, with over 20 years of legal expertise, specializing in litigation, corporate law, mergers & acquisitions, auto dealerships, and trade secrets/unfair competition. He previously served as the inaugural General Counsel for Broadvox, overseeing legal matters ranging from corporate restructuring to high-stakes litigation. Mr. Gertsburg’s pragmatic approach emphasizes practical and cost-effective solutions. Passionate about mentoring entrepreneurs and history, he can be reached at [email protected] or (216) 573-6000×7775.
This article is for informational purposes only. It is merely intended to provide a very general overview of program offerings. Nothing in this article is intended to create an attorney-client relationship or provide legal advice. You should not rely on anything in this article without first consulting with an attorney licensed to practice in your jurisdiction. If you have specific questions about your matter, please contact an attorney licensed to practice in your jurisdiction.
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