When running a business, whether it is a small business or a large corporation, you have to follow the rules of the business.
Even if you're hiring a commercial law firm, it's a good idea to understand what rules you want to follow. There are many things you should consider when opening any type of business, whether it is a small business or a large corporation, and one of them is how business laws can affect you.
Lack of attention to business and corporate law can lead to legal and financial problems. The good news is that you don't need to graduate from a fancy business law college or major in business law to understand the basics of small business law and corporate business law.
If you have been in the headlines lately, you probably know that employment law is the number one area for business where you can get into trouble if you do not follow all employment laws and regulations. There are several laws regulating the employment of both regular workers and contract workers.
For a comprehensive overview, see All Employment Business Laws You Must Follow:
The Civil Rights Act of 1966.
Equal Pay Act 1963
American disability act
Immigration Reform and Control Act of 1986
Age discrimination in employment law
Equal Employment Opportunity Act
bankruptcy act
occupational safety and health act
FMLA, Family Medical Leave Act
Employee Polygraph Protection Act Labor Act
FLSA, Fair Labor Standards Act
And that doesn't even count the state employment business laws that apply to your business! If you're not sure you're meeting all the rules, it's a good idea to contact your human resources department.
Are you working in the international arena? If you want to do business internationally, you need to be aware of the many ways that international business law can affect you, your business, and your bottom line. At a minimum, you must ensure that you comply with general international trade laws, special export laws, import laws, and any foreign laws governing your business.
And what about the state of domestic business law? Did you know that in addition to federal business law and international trade law, you must comply with the rules of state business law? Did you know you need a business license or license? Failure to obtain one can result in the closure of your business and result in heavy fines and fines. If you don't care about living things, state business laws, such as California business laws, can affect the health of your business.
After all, what about the Internet and online business law? Do you know that there was such a thing? The Internet has exploded so much in the past decade that the government needs to enact Internet compliance laws. If you run any type of website and do not follow the consent rules, the site may be shut down and you may face criminal charges and heavy fines.
Of course, no one should attempt to navigate the intricacies of any type of business law and the best approach is to seek professional advice from a commercial law firm, but hopefully, these tips will help you. Understand business law requirements a little more.
