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Can You Benefit From Taking Small Business Law Classes?

June 08, 2018 - 2:00 pm
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Running a small business often requires the owner to take charge of various job duties, including legal services that larger companies have the luxury of outsourcing. As a small business owner, you can be proactive and also save money on lawyer fees by taking some courses to educate yourself on the laws of doing business in the United States.

While there are literally thousands of business laws that can affect your small business, some will apply to your operation while others may not be as relevant. Check state and local business laws to ensure your company is in full compliance, and familiarize yourself with the laws that are most likely to affect your business. In this way, you can decide which business law classes will best serve your purposes.

Here are some categories of laws likely to impact most businesses.

 

Business operations

This is the area of law that covers the legal details of conducting day-to-day business, including Employment Law: hiring and firing, discrimination, and labor law. These are important study areas to help you operate your business legally.

 

Tax laws

Understanding tax law is difficult for most people, and for small businesses, there are simply too many laws for most owners to keep up with. To comply with all applicable laws, you may need a tax professional, but you can learn the basics through courses on business tax law.

 

Consumer protection laws

Small business owners put a great deal of time, money and effort into their businesses for the benefit of consumers of their product or service. Business goodwill practices protect consumers against fraud, unfair or dishonest business, or advertising practices through compliance with federal and state laws. Consumer protection laws cover advertising, pricing, and privacy issues and enforcement of the laws. 

 

Environmental laws

Protecting the environment is a major concern for everyone looking to do their part to create a more sustainable future. Businesses of all sizes must take the necessary steps to abide by all environmental laws, including those on indoor and outdoor pollution, recycling, and identification and disposal of hazardous waste materials. Small business owners need to educate themselves and their employees on key federal environmental laws in addition to checking on state and local laws that regulate all businesses. 

 

This article was written by Melanie Graysmith for Small Business Pulse