Every business is automatically governed by the specific laws and regulations of the state or country it operates in. The business law encompasses the rules and regulations on how businesses should be formed, operated and closed. When it comes to enforcing the law, ignorance is no excuse and as a startup, you will not be exempted from implementing various business laws that affect business in your sector.
We have therefore compiled a list of different areas of business law that every startup needs to be familiar with.
Safety and Health Law
Any small business owner who has an office and a team of employees who work for him must undertake to protect his employees and premises. This is not just a personal obligation because there are legal implications for employers who fail to comply.
The Occupational Safety and Health Act (OSHA) requires employers to provide a safe working environment that is free from potential risks that may cause physical injuries or even death in the workplace. Therefore, as an employer, you need to get relevant resources and information from the Department of Labor, Occupational Safety and Health Administration.
You must find out what is required for your particular business and seek consultations from the state office. You should equally consider taking advantage of the free training that are offered by the state department that is in charge of Occupational Safety and Health Administration.
Advertising and Marketing Business Laws
Even though every business is entitled to advertising and marketing of their products and services, there are business laws that govern these aspects. You have to ensure that your activities under marketing and advertising are in compliance with the law.
As a startup, you will have to research on the various laws provided by the Federal Trade Commission (FTC) that is in charge of regulating business advertisement and marketing activities. Some of the potential areas to look at include:
-The Truthfulness concerning your advertisements
-Labeling of your products
– How to conduct telemarketing
– The Dos and Don’ts of email marketing campaigns
– Specific industry regulations on advertising and marketing
Intellectual Property Law
This law is designed to help you protect your business from exploitation. As a startup, you might have unique products that you have recently invented, and if they are not patented, you can easily lose them and benefits accruing from their sale. This is why you need to file for trademarks, copyrights, and patents for your new inventions and ideas as well as the business name and any other works.
Valuable resources in the IP law for startup companies can be found at the US Patent and Trademark Office website. You will learn many things including:
– What you can protect through trademarks, copyrights, and patents
– The process of registering your products and works for this kind of protection
– Actions to undertake to protect registered products and works at the workplace
– Legal actions that you can use to get redress in case of infringement
Environmental Law and Regulations
With all the campaigns about climate change and embracing green technology, every startup must be aware of the varied environmental laws and regulations affecting them. Of course, each industry will be governed by different environmental laws. Additionally, every business that has undergone disasters such as fires and floods must also abide by specific environmental statutes. Through the Environmental Protection Agency, which is in charge of enforcing environmental laws amongst businesses, you can learn the following:
– Specific environmental laws and regulations that affect the industry in which you operate in
– Federal state laws concerning environmental laws
The implications of breaking the law can be far-reaching for small businesses. You can avoid this by familiarizing with the various laws that affect your small startup. You should note that this list is not exhaustive, and many other laws might be required of businesses setting shop in the US.