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The primary issue with onerous regulation is that which is unseen. How many companies and entrepreneurs choose not to act or take risk when faced with a future
by clarkmoody 9y ago
The primary issue with onerous regulation is that which is unseen. How many companies and entrepreneurs choose not to act or take risk when faced with a future full of ridiculous regulations. Or perhaps the regs simply codify the business model of the larger players, keeping out smaller competitors.
- diggernet 9y agoSome years back I was looking into forming a non-profit to do some donation-funded environmental cleanup (not huge - probably on the order of a few tens of thousands of dollars a year). What I learned is that while SOX doesn't apply to non-profits, there are similar SOX-inspired rules that do. The advice from everyone I talked to at various non-profits about how to get set up: Just drop it. The regs require so much paperwork and oversight that it would easily cost 10x that much in compliance and auditing. If you aren't making a BIG non-profit, it's not worth the trouble any more, the overhead will crush you.