Smaller companies also are exempt from some laws that protect employees. e.g. the WARN act (requiring 60 day notice of layoffs) doesn't kick in until you have 7

Smaller companies also are exempt from some laws that protect employees. e.g. the WARN act (requiring 60 day notice of layoffs) doesn't kick in until you have 75 employees. I've been involved in a company that made sure not to cross that line because it was always teetering on the brink, and that kind of requirement would have been catastrophic.