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.
Do you happen to work in the international arena? If you have anything at all to do with international business, then you should be aware of the many ways in which international business law can affect you, your business and your bottom line. At a minimum, you need to make sure that you meet general international business laws, specialized export laws, import laws and any laws of the foreign country in which your business operates.
And what about the business law scene at home? Were you aware that in addition to Federal business law and international business law, you are probably required to meet State business law regulations? Do you know whether you need a business permit or license? Failure to obtain one can result in the shutdown of your business and hefty fines and penalties. This is just one of the ways that state business law, such as California business law, can affect the health of your business if you aren't careful to stay on top of things.
Finally, what about Internet and online business laws? Were you even aware that there was such a thing? The Internet has exploded so much in the last decade that the government has found it necessary to institute Internet compliance laws. If you operate a website of any kind and do not meet the compliance regulations, that site could be shut down and you could face criminal prosecution and hefty fines.
Of course, no one should ever attempt to navigate the complexities of any type of business law alone and the best course of action is to always seek the qualified professional advice of a business law firm, but hopefully these tips will help you to understand a little bit more about business law requirements.
Summary: When operating a business, regardless of whether it is a small business or a large corporation, you need to be on top of business law compliance. Even if you hire a business law firm, it's still a good idea to understand what regulations you must meet.
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Could you tell me if Executive Imaging Systems is still in business? It was headquartered in Cherry Hill, NJ.
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how can a co. as big as bank of america--take closed credit cards and put money on the card and expect senior citzens that are disabled pay this money back to them--even if they don't owe it?????? i had a credit card in 2007-the bank was always sending access checks-after calling bank of america-i used 1 access check for $2,000.00-after a couple of weeks my bank notified me that this check bounced-i had a credit limit of $7,500.00-i called and closed and canceled this card (which was clear)--on april 24,2008 bank of america pulled this closed and canceled credit card and put this $2,000.00 back on my closed account--then harrassing statements started-i would call bank of america and explain (i do not owe this) then harrassing letters and late night phone calls-i told them (i do not owe this)--then -late credit reports- finally july 3, 2008 they called and said i was right-i did not owe this--after ruining my life and my credit now they are sorry and want to forget it=i can not drop this-and let other senior citzens be taken by bank of america-check out miller VS bank of america-i want a letter of apoligy and a small settlement --clean my credit report-- one of the bank member told me this was fraud--of course they can't find this one truthful man--probably fired!!!!!-
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