Thank you Gov. Lamont, for cutting red tape
Small business owners struggle to comply with regulations and paperwork, spending valuable hours that could be used instead to grow their business.
It is more difficult for a small company to cope with the bureaucratic requirements than a large firm. The small business owner often handles finances, sales, human resources, compliance and even fills in for employees. As you might guess, there is rarely a compliance officer on staff.
Gov. Ned Lamont recently announced an initiative to cut red tape for companies that want to do business with the state. The governor hopes to reduce the need for 90,000 forms submitted annually. He will align the definition of a small business with the federal government’s version to reduce confusion or the need for additional forms. Applications will soon be able to be completed online, and duplication eliminated.