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Business Laws That Small Businesses Should Worry About

Suffice to say it would take several volumes to include all of the laws that pertain to business, particularly if you start including state, city and county laws. There are thousands of business laws on the books, some of which are relevant to your business and others that are antiquated and have not been enforced since the 1920?s. No one, including your local law enforcement agencies, department knows all of them. However, it is important that you know the laws most likely to affect your business. Here are some of the categories of laws with which you should familiarize yourself. (Most of these laws are discussed in more detail in other sections of this book.)

  • Employment Laws, includes laws regarding: hiring and firing of employees, overtime pay, child-labor, disability, worker?s compensation, unemployment, employee rights, employee safety and discrimination.
  • Tax laws including laws pertaining to the filing of tax returns and payment of: sales tax, withholding taxes, corporate taxes, pass through taxes and both state and local taxes.
  • Business formation laws including those pertaining to the specific business structure you have selected.
  • Environmental laws, including recycling laws and the discharge of hazardous waste materials.
  • Trademark and patent laws, plus all other such laws pertaining to ownership, inventions and/or intellectual property rights.
  • Consumer protection laws against fraud or unfair business or advertising practices.
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