Six Compliance Issues Your Business Could Face

FTP Blog Feature

Successful chief legal execs & law firm partners share legal insights Opinions expressed by Forbes Contributors are their own.

From employee wages to privacy regulations, businesses face a dizzying number of potential legal issues these days. And while it may never be a company’s intention to break the law, without taking necessary precautions, things can easily slip through the cracks. So how can you be sure to avoid the dangers of non-compliance?

Below, six legal experts and executives from Forbes Legal Council discuss the common business compliance issues that an attorney is best suited to handle.

From top left to right: Matthew Digesti, Fatima Khan, Lawrence Buckfire, Doug Bend, Kelsie Ackman, Steven Heath. Photos courtesy of the individual member.

1. Distinguishing Contractors Versus Employees 

In today’s environment, businesses need to be nimble with their labor force. Uber and Lyft are excellent examples. The line between a contractor and an independent employee is an amorphous one, and the penalties for incorrectly classifying labor add up. Attorneys who specialize in this can save you a lot of time and money if you speak with them early on and properly classify your workforce. – Matthew DigestiBristlecone Holdings

2. Determining Where Risk Lies 

Attorneys can help businesses focus on risk management. For compliance, there are federal and state laws and litigation-based risk. An attorney can help a business determine what areas pose the most risk and what should be addressed first. – Fatima KhanAirpush

3. Complying With Wage And Hour Laws 

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