Business non-compliance refers to instances where businesses fail to comply with business laws, statutes, guidelines, or policies. These types of laws area often classified as "regulatory compliance" laws. They help to ensure that businesses are engaging in fair, reasonable, and honest practices.
Non-compliance can take many forms and can involve many different areas of law. Most businesses hire a professional to work internally to help the company maintain compliance.
Non-compliance usually refers to conduct that is illegal in light of state and federal business laws. Some common examples of non-compliance include:
- Tax evasion
- "Cooking the books" (i.e., altering financial accounts or records)
- Unfair or discriminatory hiring practices
- Violations of health and safety laws
- Unfair competition
- Deceptive trade practices
Other examples of non-compliance may include slander/defamation, false advertising, and wage/hour violations.
Legal consequences for non-compliance can often be very strict. They can include:
- Civil fines
- Suspension or loss of business operating licenses
- In some cases, criminal charges (for instance, for white-collar crime violations)
In addition, the business may be required to take additional steps, such as changing employment hiring policies or reworking their accounting procedures. In many non-compliance cases, supervisors or managers can get terminated or replaced if they are responsible for the non-complying actions.
Compliance laws can have major effects on a business. You may wish to hire a business lawyer if you need help with any business regulation matters. Your attorney can provide you with legal assistance if you have any issues involving compliance. Your lawyer can help assist you with any court hearings or procedures. Also, a qualified lawyer can help assess your business to ensure that it is complying with the relevant laws.