regulatory authorities

Which Regulatory Authorities Should Entrepreneurs Be Aware Of?

The specific regulatory authorities an entrepreneur must be aware of can vary greatly depending on the industry, location, and nature of the business. Below are some common types of regulatory bodies:

Business Registration and Licensing: Agencies that handle business registration and licensing are crucial for starting a business. Examples include the Small Business Administration (SBA) in the US and Companies House in the UK.
Tax Authorities: Bodies like the Internal Revenue Service (IRS) in the US and HM Revenue & Customs (HMRC) in the UK manage tax compliance.
Environmental Agencies: Organizations such as the Environmental Protection Agency (EPA) in the US enforce regulations to protect the environment.
Health and Safety: Agencies like the Occupational Safety and Health Administration (OSHA) in the US oversee workplace safety standards.
Financial Regulatory Authorities: Bodies such as the Securities and Exchange Commission (SEC) in the US and the Financial Conduct Authority (FCA) in the UK regulate financial markets.