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Small Businesses and Government Regulation

When our founding fathers warned us about large government and the loss of individual freedoms, their vision was profound. Government today can trap small business owners by the use of regulations and obscure laws and, in some cases, sentence them to prison. This is particularly true for any violation of environmental laws and regulations.

Once the government has determined a law or regulation has been violated, it has three ways it can handle it:

1. Give a warning and then a time frame for the problem to be corrected.

2. Levy a fine or file a civil lawsuit.

3. If neither of the first two works, then the worst case – it prosecutes you and your business.

Small businesses employ the greatest percentage of workers in our nation’s economy. However, statistics prove that if you are in business and have done nothing against the law, you have a 25% chance of being sued. That, folks, is what our nation is about today: big government and lawsuits. As an example, the estimated amount that U.S. companies spend annually for product research and development is $194 billion. However, the estimated amount U.S. companies spend annually on tort litigation and lawsuits is $205 billion. More is spent on lawsuits than on developing new products for consumer use.

 

 

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