Business Laws: What you Need to Know

There are a myriad of things you must thinkbusiness, then you should be aware of the many
about when opening any type of businessways in which international business law can affect
whether it is a small business or a largeyou, your business and your bottom line. At a
corporation and one of those is how business lawminimum, you need to make sure that you meet
may affect you. Failure to pay attention togeneral international business laws, specialized
business and corporate law can land you in aexport laws, import laws and any laws of the
world of trouble-both legal and financial. The goodforeign country in which your business operates.
news is that you do not necessarily need to be aAnd what about the business law scene at home?
graduate of a fancy business law college or haveWere you aware that in addition to Federal
a business law major to brush up on the basicbusiness law and international business law, you
ideas of small business law and corporate businessare probably required to meet State business law
law.regulations? Do you know whether you need a
If you've paid attention to the headlines lately,business permit or license? Failure to obtain one
you probably know that employment law forcan result in the shutdown of your business and
business is one of the number one areas wherehefty fines and penalties. This is just one of the
you can get into trouble if you aren't up on all theways that state business law, such as California
employment laws and regulations. There arebusiness law, can affect the health of your
numerous laws that govern the employment ofbusiness if you aren't careful to stay on top of
both regular employees and contract employees.things.
Just for a broad overview, take a look at all theFinally, what about Internet and online business
employment business laws you must meet:laws? Were you even aware that there was such
· Civil Rights Act of 1966.a thing? The Internet has exploded so much in
· The Equal Pay Act of 1963the last decade that the government has found it
· Americans with Disabilities Actnecessary to institute Internet compliance laws. If
· The Immigration Reform and Control Actyou operate a website of any kind and do not
of 1986meet the compliance regulations, that site could
· The Age Discrimination in Employment Actbe shut down and you could face criminal
· The Equal Employment Opportunity Actprosecution and hefty fines.
· The Bankruptcy ActOf course, no one should ever attempt to
· The Occupational Safety and Health Actnavigate the complexities of any type of business
· FMLA, the Family Medical Leave Actlaw alone and the best course of action is to
· Employee Polygraph Protection Act Laboralways seek the qualified professional advice of a
Lawbusiness law firm, but hopefully these tips will help
· FLSA, the Fair Labor Standards Actyou to understand a little bit more about business
And that's not even counting the various statelaw requirements.
employment business laws that might apply toSummary: When operating a business, regardless
your business! If you aren't sure of whether youof whether it is a small business or a large
are meeting all the regulations, it's a good idea tocorporation, you need to be on top of business
get a checkup for your HR department.law compliance. Even if you hire a business law
Do you happen to work in the international arena?firm, it's still a good idea to understand what
If you have anything at all to do with internationalregulations you must meet.