Today, entrepreneurs running small-to-medium sized businesses face daunting tasks that just a few years ago were not existent. The complexities of the business world have created new risks, a myriad of regulations, and complex reporting requirements that can overwhelm any organization. Owners and managers of all enterprises, even smaller private businesses, need to be cognizant of both the spirit and the letter of the law. How does a smaller organization, with limited resources, cope with all of this? How do they stay abreast of the additional changes that are on the way? In this guide, Pete Russo of the Entrepreneurial Management Institute at the Boston University School of Management outlines the pitfalls and steps, but also looks at effective solutions for private companies.
transfer of responsibility letter
challenges to their inter-company transfer pricing from taxing authorities. Any company with employees is subject to a variety of state and federal laws that govern how a company hires, fires, pays, and classifies its employees. There are even complex laws that determine who a company's employees are. Businesses of all sizes may be required to protect the privacy and the integrity of third party information. In the health care industry, for example, the Health Insurance Portability and Accountability Act