Given the industry in which your business exists and operates and the product/service it provides:
Define two (2) government laws or regulations, which your company must comply with. These can be at the federal, state, or local level.
Describe a policy/procedure/action your company could implement to ensure its compliance with the laws or regulations.
Describe one (1) legal or ethical issue for each of the government law or regulation you defined that your business could be confronted with if it fails to comply? What are the possible consequences to your small business?