Entrepreneurs create fewer new businesses in countries

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Reference no: EM132286390

Small businesses are hurting due to U.S. and State regulatory agencies. Small business are do not receive perks or allowances for having less than 20 employees when to comes to federal or state regulatory agencies. For instance, the new health care law requires all companies to file a 1099 for every single payee of the amount paid is $600 or greater. This task is taxing and requires more labor than the normal 1099 process. According to an article by Small Business Trends, "World Bank economists recently showed that entrepreneurs create fewer new businesses in countries with regulations that make starting companies more difficult." (Shane, 2013).

Do you agree? why or why not?

Can you provide an agurement to the statment made above?

Reference no: EM132286390

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