Government Regulation and Compliance Lawyer in Brooklyn
Helping You Stay on the Right Side of the Law
You undoubtedly manage a complex workload if you run a business, nonprofit, or other organization. From managing annual budgets to maintaining sufficient staffing, leaders must wear various hats to succeed. Unfortunately, adherence to regulatory laws can be burdensome and can lead to compliance issues if left unchecked.
You probably did not give much thought to government regulations when you first considered stepping into your current position. However, these regulatory requirements will affect your operations and other business and personal affairs.
Consider contacting a government regulation and compliance lawyer in Brooklyn to comply with regulatory statutes. At Miletti Law P.C., our legal team has spent years helping entrepreneurs and business leaders comply with state and federal law. Let our law firm help ensure your success while remaining within the confines of the law.
To schedule a free consultation, you may contact us at our Brooklyn law office or visit our website, fill out our free intake form, and our attorney will respond as soon as possible.
What is the Purpose of Regulatory Compliance?
State and federal courts have enacted several regulations to protect consumers’ and workers’ rights, address environmental concerns, and ensure businesses are accountable for their actions. Government regulatory compliance may be divided into economic and social regulation.
Economic Regulation
Economic regulatory compliance is essential because it protects consumers against unfair practices and prevents businesses from gaining an unfair economic advantage over others. For example, economic regulations prevent monopolies and help to avert a financial collapse, generally through antitrust laws.
Social Regulation
Social regulatory compliance focuses on protecting matters of public interest, including health and safety. Other social regulations apply to keeping the workplace and environment safe. Other examples include consumer product safety and addressing social justice issues.
What Are Some Common Examples of Government Regulatory Compliance Programs?
When asked to give examples of government regulatory compliance programs, many people may have difficulty answering. However, in the United States, many government agencies and their regulatory compliance programs are so ingrained in our lives that we often overlook their purpose.
For example, the Department of Labor oversees the Occupational Safety and Health Administration (OSHA). OSHA regulations help protect employees from unsafe conditions and ensure they have essential training and safety equipment.
The Health Insurance Portability and Accountability Act (HIPAA) is supervised by the Department of Health and Human Services (HHS). HIPAA is another typical example of a regulatory compliance program meant to protect patient confidentiality and make it easier for individuals to obtain healthcare coverage.
Even though there are many more examples of regulatory programs designed to maintain economic stability, protect confidentiality, and protect workers, not all businesses or organizations comply.
What Are the Dangers of Regulatory Noncompliance?
There is no single answer to the question, “What are the penalties for violating government regulations?” Compliance issues can vary dramatically, and the answer is not easy. Between 1995 and 2016, there were 88,899 new rules and regulations just at the federal level. When you combine state regulatory agencies, it is no wonder many organizations feel overburdened.
The following penalties are possible for violating regulations, but it is essential to keep in mind that they may vary situationally:
- Fines
- Loss of licenses
- Exclusion from programs
- Business closure
- Monetary damages from lawsuits
- Criminal penalties, including prison
These potential penalties make it clear that having a government regulation and compliance lawyer in Brooklyn on your side is essential. Unfortunately, even accidental violations can result in severe consequences. Do not risk your business, organization, financial well-being, or freedom by taking on these complex matters without legal assistance. Please contact our compliance law firm today so our legal team can get started on your case.
What Are the Benefits of Maintaining Compliance Programs?
One of the most significant benefits of maintaining regulatory compliance is avoiding excessive fines and penalties. Government agencies impose fines to motivate businesses and organizations to comply with regulatory frameworks. Failing to maintain compliance can negatively impact a business’s profitability and harm its reputation with the community and its stockholders.
Maintaining regulatory compliance has several other benefits, including avoiding fines and penalties. It also helps an organization reduce the potential for costly and time-consuming lawsuits. Businesses that take proactive steps to avoid regulatory and compliance issues are generally viewed as more responsible and have increased consumer loyalty.
Implementing federal and state regulations also helps streamline processes, making businesses or organizations more efficient. Clear and concise company policies and guidelines also ensure that all employees and management teams understand the importance of maintaining regulatory standards.
For example, Pharmaceutical or technology companies must always exercise due diligence in complying with government regulations to avoid losing public trust and impacting their earning capacity.
Miletti Law P.C., is a law firm with extensive experience helping clients maintain state and federal regulatory compliance. If you want professional advice on staying current with compliance law, contact our office today so we can thoroughly evaluate your legal needs.
How Can Businesses Stay Up to Date With New Regulations?
One of the best ways to avoid potentially devastating penalties is to work with a Brooklyn government regulation and compliance attorney. An attorney can advise you on several proactive steps you can take to remain compliant and keep yourself up-to-date with regulatory changes, including:
- Monitor relevant agency websites
- Follow relevant agencies on social media
- Form relationships with compliance officers and regulators
- Attend industry conferences
- Develop relationships with industry peers
- Utilize compliance software
- Subscribe to relevant newsletters and blogs
- Join industry associations
It is critical to remember that none of these strategies is foolproof. Your responsibility is to ensure that your brand, company, or organization complies with all relevant laws. Although these strategies can help you stay on the “straight and narrow,” seeking legal advice from a qualified regulatory compliance attorney is always best.
How Can a Regulation and Compliance Lawyer Help Your Business?
Staying current on industry regulations is critical to avoiding substantial fines and penalties and maintaining a good public image. While some leaders try to ensure compliance independently, they often risk their business objectives should they inadvertently violate regulations.
If you are running a business, managing a nonprofit, or serving in an organizational leadership role, you are likely trying to manage many essential duties simultaneously. Things can quickly become complicated when you add in the following regulatory areas:
- Taxes
- Employment and labor law
- Data security
- Retail and eCommerce
- Harassment and discrimination
- Advertising
- Antitrust
With a government regulation and compliance lawyer in Brooklyn on your side, you can focus more on your core responsibilities and why you assumed your position in the organization. A legal professional can ensure you remain compliant with current laws, update processes when new statutes are passed, and represent you if you are accused of violating regulations. More importantly, they can help you fight against unfair regulatory actions.
What Steps Should a Business Take if They Realize They Are Not Maintaining Regulatory Compliance?
If you run a business or organization, you may become aware that you are violating regulatory compliance laws. You must take several steps immediately to help prevent your organization from being subject to an investigation or forced to pay substantial fines and penalties.
The first step is to hire a capable attorney to identify all areas of concern and let you know what legal steps can be taken to fix the situation. A knowledgeable regulatory compliance lawyer can identify the scope of the issue and help you implement policies and procedures to address the problem. Any identified regulatory compliance issues must be addressed immediately to avoid becoming unmanageable. Your lawyer will also ensure that the policies and procedures you implement will help guard against future compliance issues.
Suppose your business or organization has identified an area of concern or questions about possible non-compliance. In that case, you must seek legal counsel before the problem damages your company’s reputation and profitability. Contact our Brooklyn compliance law firm today so we can assess your legal needs.
Why Should I Hire an Attorney if My Business is Under Investigation for Regulatory and Compliance Issues?
In many instances, even when businesses or organizations have done their best to maintain compliance, issues may arise that lead them to be investigated. If you are the target of a federal or state regulatory compliance investigation, you must seek legal representation immediately.
Regulatory compliance issues can be overly complex and constantly changing. An experienced attorney can help you navigate the legal intricacies typically accompanying investigations. Your attorney will provide legal guidance during the inquiry and help you avoid further mistakes that could aggravate the situation.
Having an attorney representing you and your organization during the investigative process is essential to ensure you understand your legal rights and are treated fairly. One of the last things you want is for the investigative team to view you as uncooperative.
Miletti Law P.C., has comprehensive experience helping clients who are being investigated for regulatory compliance issues. We have the legal and financial resources to bring other professionals, such as forensic accountants or our investigators, to protect you from being fined or your business suffering reputational damage.
Why Should I Choose Your Government Regulation & Compliance Lawyer in Brooklyn to Represent Me?
Due to the constant changes in regulations, it is always in your best interest to have a skilled attorney on your side. Government regulations often focus on employees, consumers, and an organization’s well-being. Unfortunately, they are often more burdensome than intended. Even worse, such laws can change at the whims of a new legislature, executive leaders, or judicial appointment. How can an organizational leader always be current with the latest compliance requirements? A Brooklyn government regulation and compliance attorney can help.
At Miletti Law P.C., we understand the complex responsibilities of regulatory laws. As with many industries, including banking and technology, legal professionals must follow federal and New York state regulations. Our experience working with clients in varying industries makes our legal team highly efficient at assisting businesses and organizations. Feel free to call us today at 314-648-2586 to book a free consultation with our team. Our government regulation and compliance lawyer in Brooklyn is ready to assist.