When growing a business, you can expect to deal with both obvious and unanticipated risks. Growth events such as adding employees, expanding into new states, changing your business structure, mergers and spin-offs, and more, all create legal compliance challenges that add stress and demands to already stretched resources.
Overlook any of these requirements and the consequences can include loss of name, penalties and fines, personal liability, and tax liens. Understanding which aspects of growth trigger compliance requirements and what regulations apply to your business is critical.
To help you stay compliant, this infographic breaks down the type of growth activities that prompt compliance attention and changes.