Two Important Government Regulations On Business You Must Know :
Tax Code:
Tax code is a federal
government document and numbering thousands of pages that details the rules
individuals and businesses must follow in remitting a percentage of their
incomes to the federal or state government and the tax code is used as a source by
tax lawyers who bear the responsibility of interpreting it to and for the public.
Labor Law:
Labor law arose in parallel
with the Industrial Revolution as the relationship between worker and employer and
changed from small scale production studios to large scale factories and workers
sought better conditions and the right to join a labor union. While employers sought a more predictable,
flexible and less costly workforce! The state of labor law at any one time is
therefore both the product of and a component of struggles between various
social forces.
If we follow these two key factor of government business regulations, we must be an impeccable business starters.
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