Congress Pushing for User-friendly Small Business Guide
Good news to all entrepreneurs! I read in Kiplinger, a personal finance and business forecasting company, about Congress’ initiative to develop an easy-to-understand federal regulations guide for small businesses. Apparently many federal regulatory agencies do not pay attention to the growing needs of small businesses.
Regulators will get called before Congress each year to defend their guides. It means, for example, that representatives from the Occupational Safety and Health Administration or the Internal Revenue Service will have to prove to lawmakers that they’re producing these guides and writing them so businesses can understand them. The 1996 had no such enforcement provision.
If this will push through, we can kiss goodbye those confusing legal jargons and other nonsense technical terms that make a simple process too complex for ordinary people.
More importantly this new initiative has some financial implications. With user friendly regulations guide, you need not hire lawyers as often like what we’re doing today. I’m not saying that we no longer need lawyers, we still do!
