What is compliance and why is it important?

What is compliance and why is it important?

HomeEvgene JakubovWhat is compliance and why is it important?
What is compliance and why is it important?
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Why does a company need compliance? How does it help me save money, grow a successful business, and control operations?

In addition to providing a company with general legal and administrative protection, a good compliance regime will make the company more efficient, protect its reputation and enable its streamlined and efficient growth in the future. With the right policies and procedures, organizational processes and an established operational framework, any business owner will reap benefits such as:
– Better control over the company's operations and personnel
– Save time and resources of the management team and invest them in business development
– Preparing a strong foundation for the future growth and expansion of the company
– Be protected from legal liabilities and prepared for audits and inspections
– Reputation of an organized and reliable company
– Better business position when working with government, banks, investors and large organizations

We provide an overview of different types of compliance: legal, administrative and business compliance.

Policies, procedures and forms – these are basic documents that help you structure your business organization and protect it in the future.

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All information in this video is for informational and reference purposes only. Nothing in this document should be construed as legal advice or instructions to be acted upon. CBES – Canadian Business and Enterprise Services does not provide legal advice online or on its YouTube channel. Consult a professional before acting on the information in our videos.

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