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In general, compliance means choosing to abide by a set of rules. In order for your business to function legally, it needs to be in compliance with laws, regulations, and industry or conduct standards that apply to your business.  

Additionally, choosing compliance allows your business to reduce taxable income. It can streamline processes, improve employee engagement, increase chances of lending, enhance community and customer trust, aid in audits, reduce costs, fines and penalties, and it supports accurate financial data for strategic decision making. Seriously, what's not love?!