A company should take steps to ensure that employees do not intentionally or inadvertently reveal confidential and proprietary information about the business to competitors. Typical steps include creating written employee agreements and limiting access to proprietary information.
Of critical importance to any company is complying with all federal, state and local regulations, including obtaining all required licenses or permits before beginning operations. Many of these regulations were set up to ensure that all business aspects are accounted for on various tax rolls. Other requirements were established for safety concerns and to prevent undesirable tactics or outcomes.