Making sure your business is formed in compliance with laws and regulations is only the first step. Maintaining your business’ compliance with State and Federal laws and regulations is an ongoing and continuous responsibility which requires vigilance and an effort to stay on top on new legislation. For example, the following are just a small fraction of the questions that, if answered with a ‘yes’, your business should consult with an attorney to discuss regulatory compliance.
- Does your business handle personal or financial data of your customers?
- Does your business handle or come into contact with anyone’s medical information?
- Does your business use contractors that require state or federal licenses?
- Do you import or export components or products overseas?
These are only a few of the types of questions that relate to regulatory compliance, and many other issues may restrict your activities or require you to take affirmative steps to safeguard data, obtain licenses or permits, obtain additional insurance, or the like. It can be difficult to know what is required of your business even when information is readily available because the application of regulations and the process of compliance are not always straightforward. In particular, a business operating in a new or novel industry, or utilizing an unconventional approach in their business model, will often require interpretation of existing regulatory structures. Arctos Law can assist you in the ongoing process of compliance, allowing you to focus on growing your business.