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.