Many value-added businesses face regulatory and environmental issues. Use the points below to help you prepare this section.
- Describe any regulatory approvals or permits that must be sought or maintained for the business to operate.
- Is the business subject to ongoing oversight by any Federal or State regulatory body? What are some of the key compliance requirements?
- Identify permits/inspections that must be obtained for operations. Have you obtained these permits?
- What are the current regulatory requirements and trends of this industry?
- What are the environmental challenges facing the business.
- What are some of the company’s primary strategies for dealing with environmental issues?
- Are there intellectual property right existing or pending.
More information is available on Regulatory Considerations.
More information is available on Food Safety.