Laws That Affect the Business

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Advertising Law: You’ve got a great product or service to sell, and you’re anxious to begin promoting it to potential customers. To make sure the claims you make about your offerings are truthful and to protect consumers, all businesses have to comply with advertising and marketing laws. Employment & Labor Law: Bringing employees on board to work in your business is an exciting milestone. You’ll want to ensure that you are conducting employment processes in accordance to the laws. Finance Law: Healthy markets—where businesses can thrive—depend upon fair and open competition. In order to protect the financial interests of small businesses and individual investors, antitrust, bankruptcy, and securities laws have been established. Intellectual Property: If you’ve got a great idea, invention or trade secret, you need to protect it. The steps involved in filing for patents, trademarks or copyrights are covered in a workshop that SCORE provides. Online Business Law: Doing business online can literally open your business to a world of potential customers. It can also expose your business to legal and financial liabilities, particularly in the areas of privacy, security, copyright and taxation. A lot of tax law reform discussions are dealing with this topic now, so be sure to keep current on this one. Privacy Law: The promises you make to customers should include how you are going to protect their personal information and reduce the risk of identity theft. Carefully review your processes regarding your handling of your customers’ data. Environmental Regulations: The U.S. Environmental Protection Agency (EPA) and state environmental agencies regulate the impact of businesses on the environment. EPA develops and enforces regulations that implement environmental laws enacted by Congress. Likewise, state agencies enforce regulations that implement laws enacted by the state legislature Uniform Commercial Code: If you are conducting business transactions outside of...
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