Regulatory compliance refers to the idea that all businesses need to follow certain business laws and guidelines when conducting business operations. These generally have to do with practice involving:

  • Accounting
  • Taxes
  • Wage and hour issues
  • Health/safety codes
  • Stocks and other corporate security interests
  • Business property

Compliance laws help to ensure that businesses are operating fairly and that the public is not exposed to dangerous or misleading practices. Failure to comply with laws and statutes can result in negative consequences for the organization.

How Is Compliance Enforced?

Business regulatory compliance is a major area of law. Enforcing such broad practices requires the involvement of many different people, agencies, and lawmakers. Compliance enforcement may occur through:

Enforcement of compliance may involve: fines, injunctions to change policies, and other remedies. In some serious cases, criminal charges may also be filed against the actors responsible for the non-compliance.

Do I Need a Lawyer for Help with Regulatory Compliance Issues?

Regulatory compliance is an important aspect of running any business. You may wish to hire a business lawyer if you need help with compliance matters. Your attorney can provide you with information and advice regarding on how the laws might affect your practice. A qualified lawyer in your area can also represent you if you need to file a lawsuit regarding compliance issues.