Regulatory compliance involves a business entity ensuring it meets or follows certain laws and requirements enacted by federal, state, and local governments. Corporate regulatory compliance follows those requirements imposed on corporations.

Today’s regulatory landscape is increasingly complicated as state and local governments extend compliance requirements, and increase fees and enforcement efforts. Even for the most dedicated and conscientious owners or officers of a corporation, it is overwhelming to maintain the continuous onslaught of new and changing requirements.

Basic Regulatory Compliance Requirements:
A constant state of flux is seen in corporate compliance. This is a result of changing laws and different actions of a business. Look at these critical areas of compliance -

Recordkeeping: It is important to maintain records, such as the articles of incorporation, minutes of directors’ bylaws, shareholders’ meetings, tax returns, etc., and they should follow the requirements of state corporation law.

Service of process: Make your plan ready to respond to lawsuits. Your registered agent and any authorized person can receive service of process on your corporation. They know what to do with the documents if served.

Corporate expansion or contraction: You should be well aware of state-related business activities—such as spreading into new states or withdrawing from states where your corporation used to do business previously, that may trigger compliance obligations.

For corporate regulatory compliance, you can rely on Qwasha Corporate Services LLP. Here you get in touch with Highly qualified and experienced Certified Secretaries (CS) and Governance Auditors. They are dedicated to delivering top-of-the-range outsourced secretarial services.