Please, please suppress the urge to state that an argument is a strawman. All it does is make you sound like a high schooler practicing for the debate team. Just point out the flaws in the argument and move on.
In general, there actually aren't a lot of federal regulations that affect small businesses.
Which is on its face a sort of bizarre comment. It is "in general" the job of Congress to regulate interstate commerce / communications / banking etc. So, positing that this is "in general" irrelevant is indicative of much more than a localized flaw in his argument, becaue all of a sudden his 2nd point is about taxes and legal structure, and his 3rd point is about credit (see above: congress set taxes and regulates banks).
A strawman shorthand for a specific type of fundamental mis-characterization: Asserting up a hopeless argument/position (that nobody believes) to reject it out of hand (for implausibility). Here, the initial flaw has cascading relevance to the next several points made, so its not just a pedantic or rhetorical gesture to highlight it.