This is the final post in a series of articles discussing the importance of compliance for Tacoma or Olympia, Washington businesses. Businesses of all sizes must comply with laws, rules and regulations applicable to their operations. Depending upon a company’s industry, corporate status or jurisdiction the rules may differ. Ensuring that your business is operating in accordance with the applicable laws should be a top priority for company leadership. A goal of this series has been to provide a basic overview of how compliance may impact businesses. Another goal has been to emphasize the important role of compliance counsel in your company’s program. If you need assistance, contact our office today to speak with an attorney.
This series has focused on the following key topics:
- Understanding how compliance impacts businesses
- Compliance with internal policies and procedures
- The importance of compliance audits
- The important role of compliance attorneys
Companies throughout Washington should develop compliance programs for several reasons. First, ignorance of the law is no excuse when a violation occurs. It is essential to understand which laws and regulations apply to your company. Failing to comply with legal requirements may create significant liabilities to your company, and potential result in personal liability for leadership. Second, developing policies and procedures to guide your employees’ actions can help ensure that the rules are being followed. Training and communicating the purpose of the policies and identifying violations can reduce legal risks for the company. Third, it is important to periodically review how well the company and its employees are following the prescribed policies and legal requirements. Compliance audits can help identify potential areas of concern before a violation occurs. Finally, an experienced compliance attorney can help companies develop a program to proactively address risk areas.
If you need assistance, contact our office to speak with an Olympia lawyer. The firm also services the Thurston County cities of Lacey, Tumwater, and Yelm, the Pierce County cities of Tacoma, Puyallup, and Lakewood, the Lewis County cities of Centralia, and Chehalis, the King County cities of Seattle, Auburn, Bellevue, Burien, and Federal Way, as well as other areas in Washington, including Grays Harbor, Mason, Cowlitz, and Pacific Counties.