Legal factors in small entrepreneurship business

A list of the many areas in which legal requirements must be met will be helpful to the small entrepreneurs. Some of legal factors in small entrepreneurship business are:

Legal factors in small entrepreneurship

  1. Sales Contracts
  2. Agency Relationships;
  3. Branch and Subsidiary Relationship;
  4. Unemployment Compensation Laws & Workers Compensation Laws;
  5. Laws relating Collective Bargaining Agreements;
  6. Product Liability Laws;
  7. Real Estate Transactions;
  8. Insurance Claims;
  9. Need for Audited Statement of the Firm;
  10. Tort or Negligence actions for Damage to Property;
  11. Minimum Wage Laws and other Personnel Regulations;
  12. Purchasing Contracts and other types of Contracts;
  13. Consignment .Installation and Open Account Sales;
  14. Local Laws governing Licenses, Competency, Zoning, and Land uses;
  15. Negotiable Instrument Transactions;
  16. Bankruptcy and Insolvency proceedings;
  17. Occupational Safety and Health related-Laws;
  18. Trademarks, Copyrights, and Patents;
  19. Libel Laws and their Ramifications;
  20. Conflict with Social Legislation;
  21. Leases of Real or Personal Property;
  22. Payroll Procedures and withholding Taxes;
  23. Obligations under all types of Contracts;
  24. Preparation of Legal Documents for use with lending Institutions or Landlords;
  25. Obligations under with Suppliers or Consumers;
  26. Tax Laws and their latest changes.

legal_factors_in_small_entrepreneurship_business

The above list includes only some of the areas with legal implications that the small business entrepreneurs should be familiar.

The complete list is almost endless because direct & indirect laws and regulations vary from country to country and in the same country from period to period.

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