Legal and Regulatory Considerations

Delete either the sole proprietorship or corporation section, whichever is not appropriate, and tailor the list of completed compliance tasks to your situation. Compliance is perhaps the least interesting part of any business plan, but it’s crucial because compliance – or the lack of it – is actually a common area of risk. You need to show your business complies with national and industry standards and practices, so it can avoid any negative fallout from non-compliance, such as fines and bad PR.