A startup is an organization or economic entity in its early stages, typically characterized by high uncertainty and risk. A startup's exemption is the legal status it has to operate without some of the regulations that are applied to more established businesses. The most common startup exemption is the "Small Business Administration's Small Business Act." This allows startups to operate without having to comply with certain provisions of the Sarbanes-Oxley Act. Other exemptions may be available depending on the business's location, industry, and size.