Discuss the problems that can arise when government agency regulations need to cover both large enterprises...
Discuss the problems that can arise when government agency regulations need to cover both large enterprises as well as small businesses.
Homework Answers
Ans. Some of the areas where problem arises when government agency regulations need to cover both large enterprises as well as small businesses. are
1. Product/Service Specific
The very nature of some businesses makes them susceptible to special laws and regulations? related to the product.
?2. Land Use Regulation
Regardless of the type of business or its location—in a home, manufacturing plant, strip mall, or high rise office building—the uses to which land may be lawfully put are matters that should be of great concern
3. Building and Fire Codes
A business is subjected to inspection by the fire department and building code officials and there are many problems related to it.
4. Taxation
There are many taxation formalities for different types of business like partnership, sole propreitor etc. and they also vary accordint to size of business
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