'Businesses suffer from an increasingly excessive encroachment into the marketplace by federal regulatory activity. This limits the ability of the small business owner to concentrate efforts and resources on running and growing a business.'
House Small Business Committee

Regulatory Compliance

Outsourcing as many regulatory issues as possible makes the most sense for a growing number of companies. Let 3SPAN be your guide in identifying a PEO Partner that provides Regulatory Guidance, Legal Guidance, Compliance Training.

Consider:
The cost of government regulation falls disproportionately on the smallest companies*.

• The National Federation of Independent Business (NFIB) has determined that American business last year spent $721 billion to comply with government regulations. That works out to $125,000 apiece for businesses with employees.

• The Office of Management and Budget estimates that every year 300 federal regulations are passed that cost the economy at least $125 million each, and that half of them affect small business.

• According to another analysis, companies with fewer than 20 employees pay two to three times the average regulatory cost on a per-employee basis.

Sample Compliance Fines and Penalties

• Wage And Hour (FLSA)
  2 Years Back Pay, Double time for Overtime

• EEOC Discrimination
  $50,000 for up to 100 Employees
  $100,000 for 101 to 200 Employees

• Failure to have Workman's Compensation
  Immediate STOPWORK order
  $1,000 minimum fine for construction
  2 x 3 years unpaid premium

* Small-Business Category: Any Company with less than 500 Employees