- Posted by MatadorAdmin
- On December 29, 2017
For a company to be successful, it is important to have a clear understanding of the basic legal facets surrounding business. There are a number of regulations that business law refers to when it comes to operating a company. Compliance with business law is vital to avoid possible litigation. Circumventing contentious legal situations can be mitigated with the aid of a business law attorney. There can be variations to business regulations depending on the state, or country that you reside, the following, takes a closer look at the most common business laws in effect today.
Online Business Law: Regulating the web, in what seems to be an ever changing facet of the market can pose challenges when complying with all regulations that are in place. When it comes to growing sales and revenue for your business, the Internet can allow for endless opportunity.
Advertising and Marketing Law: Growing a business requirs compelling marketing. When it comes to claims surrounding advertising and marketing, a business is required by law to be truthful.
Intellectual Property Law: It is vital to protect your business’s intellectual property from competitors and shady parties. If it is not adequately protected, the company you own could be left exposed. You will want to protect incoming product ideas, your company’s symbols, logos and business names when it comes to your business. Trademarking this information could be a helpful way to ensure that no one is able to take your ideas. An attorney who practices business law can support you in this by pulling together the needed paperwork to trademark your company.
Employment and Labor Law: Employees are often the heart of the business because they ensure that the business is running on a day to day basis. There are a number of requirements in the form of labor laws that a business needs to be in compliance around including:
- Child labor laws
- Minimum Wage
- Maintaining HR information
- Rules around overtime
Workplace Safety and Health Law: It is important for a successful business to have a workplace that is safe for employees. A business law attorney can make sure that you are in compliance with regulations and help create company policies for your business.
When it comes to the complexities that surround the law, at times, it can be difficult to understand. There can be serious repercussions for a company or individual who accidentally breaks the law. A company can be left vulnerable to repercussions if a person violates regulations, even if it was by mistake. The legal ramifications of such an act could result in fines or even time in jail. Seeking legal counsel comes with a variety of benefits when you are a business owner. Reach out to a business lawyer Abingdon VA respects to discuss your business and ensure that you are in compliance with regulations in your area.
Thanks to our friends and contributors from the Law Offices of Mark T. Hurt for their insight into business law.