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Types Of Business Laws

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People can get sued for a variety of reasons. So can businesses. Companies have a lot of laws and regulations that they have to abide by based on their location as well as the type of business they run.

The area of business law encompasses various types of disputes between companies, employees, and customers. There are many risks and consequences involved in running a business. Because of this, it is important that you have knowledgeable representation on your side to help you make good decisions and guide you toward a favorable outcome. If you own a business, here are some common types of business laws you should know about.

Tax Laws

All companies have to pay taxes, so it’s important to understand when you’ll need to pay them, how much to pay, and when. You’ll have to pay taxes for sales, payroll, and more. An accountant can help you understand your responsibilities.

Employee Laws

If you have employees, you’ll also have to understand the laws pertaining to them. They have rights that you need to know about as an employer. For example, there are wage and hour laws, anti-harassment and discrimination laws, and safety laws. It’s important that you, as a business owner, are aware of all the laws that pertain to your employees. Otherwise, you could face liability as well as damage to your reputation.

Contract Laws

It is very important for businesses to be knowledgeable of the laws surrounding contracts. At some point or another, most businesses will have to draft a contract for some reason. They may have hired new employees, have a job with a client, or perhaps they are working with a vendor. A well-written contract can protect all the parties involved. When someone does not fulfill their obligations detailed in a contract, they can be sued for breach of contract. When drafting a contract, get it reviewed by an experienced business law attorney to make sure it meets legal requirements.

Licensing Laws

Certain types of businesses may require licenses in order to operate. For example, restaurants that sell alcohol will need liquor licenses. There are also local and state licensing laws that apply.

Intellectual Property Laws

Intellectual property is an area of law that has grown tremendously in recent years. This type of law involves protections for intangible ideas and works, such as trade secrets, music, writing, designs, and other works of art. Copyrights and trademarks protect these works and when someone tries to infringe on them, they could be liable for various damages.

Contact a Bradenton Business Litigation Lawyer Today

Businesses and corporations are prone to various types of lawsuits. If you are a business owner, you need someone to protect your legal rights and help you make the right decisions.

The Bradenton business litigation attorney at the Cahall Law Firm can provide you with effective representation for your business matters. Get strategic planning and advice by scheduling a free consultation. Call (941) 281-2019 or fill out the online form.

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