POB SBA Sample – Government Regulations
Government regulations is of existence in all countries, islands and states all around the world. Government regulations include the registering of the business, taxation, proper waste disposal etc.
Before an owner of owners commence with business operations the business must be registered. In Dominican’s case, business operations can begin after registration at Inland Revenue. Not having proper disposal of waste can affect the level of hygiene of the business and the health of customers and residents nearby, therefore the government has put in regulations to ensure the proper disposal of waste. Taxation is the most important regulation since it is the largest source of revenue for most governments. It is used to redistribute income, maintain economic stability etc. It is compulsory to adhere to all government regulations, since Adamant’s foods plus is a business of quality. It will also be a business of example to show others of the economy the importance of adhering to all government regulations.