Can You Benefit From Taking Small Business Law Classes?
When it comes to running a small business the sheer number of business laws owners must adhere to may feel overwhelming. Help is easily at hand through the learning options available, including small business law classes, with many offered online.
Law students are not the only ones who can benefit from taking business law classes. Small business owners, and particularly new ones, take ownership of their businesses in ways beyond the business card title. Running a small business often means the owner takes charge of various job duties that larger companies hire from the outside to fill. Any law that affects how a business is run in the U.S is considered part of American business law. Be proactive and take classes before taking charge of your small business to educate yourself on laws for doing business in the U.S. and stay up to date on the laws.
While there are literally thousands of business laws that can affect small business, some will apply to your business while others will not be as relevant.
Check your state and local business laws too so your business is in full compliance.
Get to know the laws most likely to affect your business. Become familiar with them and check for specific laws that apply to you. In this way you can decide which business law classes to take that serve your business needs best. 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 are important study areas to help you operate your business legally.
Tax Law: Understanding taxes in general is difficult for most people, and for small business there are simply too many laws for most business owners to keep up with. To comply with all applicable laws you may need a tax professional, but 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 good will practices become evident in protecting 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. Look for consumer protection law courses online or near you.
Environmental Laws: Protecting the environment is a major concern for everyone these days to do their part for 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 identifying and disposing 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. Check online environmental law courses for the one right for you.
Melanie Graysmith, 2018