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Business Laws: What You Need to Know

There are a myriad of things you must think about when opening any type of business whether it is a small business or a large corporation and one of those is how business law may affect you. Failure to pay attention to business and corporate law can land you in a world of trouble-both legal and financial. The good news is that you do not necessarily need to be a graduate of a fancy business law college or have a business law major to brush up on the basic ideas of small business law and corporate business law.

If you’ve paid attention to the headlines lately, you probably know that employment law for business is one of the number one areas where you can get into trouble if you aren’t up on all the employment laws and regulations. There are numerous laws that govern the employment of both regular employees and contract employees. Just for a broad overview, take a look at all the employment business laws you must meet:

· Civil Rights Act of 1966

· The Equal Pay Act of 1963

· Americans with Disabilities Act

· The Immigration Reform and Control Act of 1986

· The Age Discrimination in Employment Act

· The Equal Employment Opportunity Act

· The Bankruptcy Act

· The Occupational Safety and Health Act

· FMLA, the Family Medical Leave Act

· Employee Polygraph Protection Act Labor Law

· FLSA, the Fair Labor Standards Act

And that’s not even counting the various state employment business laws that might apply to your business! If you aren’t sure of whether you are meeting all the regulations, it’s a good idea to get a checkup for your HR department.

Do you happen to work in the international arena? If you have anything at all to do with international business, then you should be aware of the many ways in which international business law can affect you, your business and your bottom line. At a minimum, you need to make sure that you meet general international business laws, specialized export laws, import laws and any laws of the foreign country in which your business operates.

And what about the business law scene at home? Were you aware that in addition to Federal business law and international business law, you are probably required to meet State business law regulations? Do you know whether you need a business permit or license? Failure to obtain one can result in the shutdown of your business and hefty fines and penalties. This is just one of the ways that state business law, such as California business law, can affect the health of your business if you aren’t careful to stay on top of things.

Finally, what about Internet and online business laws? Were you even aware that there was such a thing? The Internet has exploded so much in the last decade that the government has found it necessary to institute Internet compliance laws. If you operate a website of any kind and do not meet the compliance regulations, that site could be shut down and you could face criminal prosecution and hefty fines.

Of course, no one should ever attempt to navigate the complexities of any type of business law alone and the best course of action is to always seek the qualified professional advice of a business law firm, but hopefully these tips will help you to understand a little bit more about business law requirements.

Summary: When operating a business, regardless of whether it is a small business or a large corporation, you need to be on top of business law compliance. Even if you hire a business law firm, it’s still a good idea to understand what regulations you must meet.

Tips on Making Your Way through the Murky Waters of Obtaining a Business License

While there are many duties and tasks to fill your hours and days when starting a business, one of the most important tasks that should be handled early on is to obtain a business license or business permit. Unfortunately, many people overlook this necessity and end up getting in legal trouble because they failed to do what was necessary to obtain a small business license.

If you aren’t familiar with the process of how to obtain a business license, we’ll provide you with a few tips below. First; however, let’s take a look at why it’s important to take care of handling your business license permit.

Business permits and business licenses are required by most city, county and state governments. Depending on your situation, you may also be required to obtain a business license or business permit by the Federal government. A local business license, issued by the county or municipal government is a general license that gives you the right to operate a business within the jurisdiction of that county or city. The fees are not usually expensive. This is what you’ll need to do in order to complete a business license application.

First, you’ll need to make sure that you have all of your business paperwork in order. Make sure that you have your Employer Identification Number, also known as EIN. Next, contact your county government or city hall office to find out exactly what kind of business license you need and to obtain a copy of the business permit application. After you have completed the application and filed it along with the appropriate fee, you’ll need to make sure that you stay on top of filing your business permit renewals. They do not automatically renew. This usually must be handled annually.

State business licenses and business permits are required for the operation of business that provide services or products that are regulated by State law. In addition, if your business is required to meet codes or standards, you will most likely be required to obtain a business license. Below are some tips on how to get a business license on the State level.
The process for obtaining a State business license is quite similar to obtaining a local business license. You will need to contact the appropriate office to determine what kind of license you need. Your local government may be able to help you with this. For example, if you are looking to obtain a California business license or business permit, you may need to contact the State of California. Beyond this, the process is exactly the same. File the appropriate paperwork and fee; then make sure you file your renewals each year.

One thing to keep in mind regarding business permit and business license is that they are different. While a business license allows you to legally operate a business within a jurisdiction; a business permit regulates safety and structure. For example, you may be required to obtain a business permit to purchase wholesale merchandise for resale, to remodel or build on a commercial site, to legally prepare food in a restaurant or to operate a business out of your home. Each of these situations requires a different type of business permit. Other than this, the procedure for applying for a business permit is almost exactly the same as applying for a business license.