Ethical considerations in Illinois business formation

One issue many people in Illinois that are starting a business may inadvertently not give enough consideration to is the business' culture, including ethical considerations. The atmosphere created during business formation can set the tone for the business for years to come. It isn't always easy to "reset" the culture of a business down the road.

Simply hiring people believed to have ethics is no substitute for written, formal policies and procedures regarding ethics. Of course, it may be necessary to first define how certain situations employees may find themselves are going to be handled by the business. For instance, when there is a dispute between the company and a customer, how an employee is to balance the needs of the customer and the company may need to be addressed in the company's policies and procedures.

It may not be possible to control every employee's behavior, but it is possible to clearly state what is expected of those employees. Of course, it may not be possible to create a policy and procedure for every eventuality, but it may be possible to ensure that the leadership of the company provides the employees they supervise with an ethical standard by which to operate. Just because something isn't illegal doesn't mean that it is ethical.

Every new business in Illinois gets one chance to make a first impression -- to both customers and employees. Making sure that ethical considerations are part of the business formation process can help avoid issues later. Many entrepreneurs may need advice and assistance in identifying and dealing with business, legal and ethical issues that could affect the course of the business and possibly even its success.

Source: Huffington Post, 7 Myths About Ethics Which Will Hurt Your Business, Marty Zwilling, Oct. 27, 2013

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