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Compliance is a crucial component to any business’s ongoing success, whether you’re running your first small startup or a gigantic corporation. It’s extremely important for businesses to keep a close eye on the laws in the cities and states in which they operate — because if they don’t, they’re likely to overlook compliance responsibilities and face damaging penalties and lawsuits that could severely impede progress and success.

Organizations that have shown a great deal of promise have had founders step down, executives replaced and employees lost due to bypassing important compliance practices required by law. Additionally, companies can lose business because the violations create the perception that they’re less trustworthy and a potential risk to customers. Read more…

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