How can a business stay informed on changes to government regulations in its industry?

[King Belieal]

They say that ignorance is no excuse when it comes to legal issues. The government regulations that govern the operations of a business can easily change as the day evolves and go by.

What practical measures can a business take to ensure it is always aware of the changes in regulations by the government about its operation?

 

[Springtime]

Read the News every day. When a government comes up with a new regulation, the media will report it. Also, join trade associations. It will keep you informed of the latest regulations concerning your industry.

 

[Kross]

A business person that is not regularly hooked on the news is not a very serious business person. That's where they would hear how government and society would affect their businesses.

 

[Kera]

The other way is that they should have a legal representative of they can afford one. He or she would guide the and update the company on regulatory changes.

 

[Augusta]

it is to stay informed on what is happening in your industry and the government policies shout the industry

 

[King Belieal]

You just need to follow online platforms that are just about the niche of business you do. That's how to stay updated on regulatory changes. Also, establish relationships with regulators.

 

[Xtynehappy]

I think that the government is always making some sensitization on the current trends and dynamics on the relevant business activities for sure

 

[eLdavis]

These days it has become a lot easier for businesses to stay informed in everything they do, with access to the Internet, you can easily get the information you need.

 

[Trush Jodie]

The business has to have a strong positive relationship with regulatory agencies to know what is happening in its industry in terms of legal changes.