Short paper: Small Business Laws
4/14/2013
The American economy has a wide array of small and large business which range from sole-proprietorships to many of the world’s largest companies. In the United States, there are 22.5 million independent enterprises. The 22.5 million are made up of 16.4 million sole-proprietorships (non-farm), 1.6 million partner ships and more than 4 million corporations. (U.S. Department of State) These amounts count for similarities as well as differences between small and large corporation.
Although, small and large business have the same goals in minds I have noticed from reviewing the U.S. Equal Employment Opportunity Commission website that there are laws and regulations solely to protect small entities. The surprise to me is not the existence of said laws but of the amount. Knowing the laws for business and is a great surprise to see to what extent these laws transfer offer to smaller businesses. Some do and some are excluded as a whole. According to The U.S. Equal Employment Opportunity, they enforce the following federal laws: * Title VII of the Civil Rights Act of 1964 * Age Discrimination in Employment Act * Equal Pay Act * Americans with Disabilities act (titles I and V) * Genetic Information Nondiscrimination Act of 2008 (title II) The Age Discrimination in Employment Act only covers employers with a staff of over 20 employees. While the others cover employers with 15 or more, all of these laws honor educational institutions, state and local governments as well as private employers. (U.S. Equal Employment Opportunity) I was surprised to see that these laws extend to employment agencies. Also covered are apprenticeship and training committees of joint labor management. Due to The Regulatory Flexibility Act Procedures, small businesses are treated differently than a larger corporation. These procedures are extensive and require agencies to go above and beyond. The U.S. Equal
Citations: U.S. Department of State. Retrieved from, http://usa.usembassy.de/etexts/oecon/chap4.htm Equal Employment Opportunity Commission. Retrieved from, http://www.eeoc.gov/eeoc/publications/smallbusiness.cfm