Entrepreneurs must consider compliance in various areas, including but not limited to:
- Tax Compliance: Properly reporting income and expenses, and paying the appropriate taxes. - Employment Laws: Adhering to laws regarding hiring practices, workplace safety, wages, and benefits. - Environmental Regulations: Ensuring that business practices do not harm the environment and comply with local and international environmental laws. - Data Protection: Safeguarding customer and employee data in line with regulations such as GDPR or CCPA. - Health and Safety: Implementing measures to ensure the safety and well-being of employees and customers.