It was recently reported that nearly $900,000 in penalties were levied against multiple businesses in Texas for regulations violations. Reports stated that 17 entities were fined, and all of the violations were related to environmental regulations. Of the 17 businesses fined, two of them were located in Central Texas, and it was noted that they had already paid their fines, which totaled over $70,000.
State, federal, and local regulations on some business ventures make running a business not as easy or intuitive as some people may think. While it may seem like anyone could start their own company online these days, staying in compliance with regulations can be a pitfall for the unwary. Regulatory compliance is an essential part of operating any business. If a business does not stay in compliance with its regulations, it could face any number of penalties.