For anyone looking to launch a new enterprise, the idea of laws and oversight may be enough to make them think again. However, the world of commercial regulation isn’t as scary as it may seem, and with the right information, you can use this oversight to make your business bigger and better. America is a wonderful place to be an entrepreneur; you just have to go about things the smart way.
The best investment you can make when it comes to the success of your business is to hire a savvy business attorney in San Francisco. Look for a firm that is well-versed in corporate compliance, startup counseling, and similar specialties.
There are several types of governmental regulations that all business owners should be aware of. Depending on the size and structure of your company, several or all of these may apply to you:
All businesses must pay some kind of taxes, and this will depend on the type of company you have, your annual revenue, if you have employees, if you sell retail items, etc…Make sure you know what taxes apply to you. And pay them.
How you market yourself and brand yourself are important, and if you do those two things wrong, you could face punishment. Your intellectual property mustn’t interfere with that of another, and you must stay within the laws for advertising your goods and services.
There are many specific areas of oversight that will apply to you if you have employees. Whether you have 10 or 1000 employees, you will face regulations for things like fair wages, workplace safety, nondiscrimination, benefits, family and medical leave, unions, and more.
Depending on your industry, you may have to adhere to mild or extremely strict oversight of your operations, for environmental reasons. You will have to meet requirements for chemical safety, labeling, disposal, hazardous waste, remediation, and other similar state and federal laws.
While they generally don’t present problems for most business owners, antitrust laws are something to be aware of. Things like conspiring to boycott competitors, price-fixing, monopolizing the market, and other illegal activity will put you on the government’s radar, and not in a good way.
These five areas of regulation are only the beginning. If you want to truly protect yourself and your company, reach out to us at Primum Law today. Ask for your free consultation to get started.