The Principles Of Small Business Law


If you are the owner, or the prospective owner of a small business, you are going to have to understand and abide by how small business law pertains to you. The very first item to be considered is the structure of your business. Your decision here can play a very important part in how the business is operated and how it reports its profits and losses. It can be set up as a sole proprietorship or as a limited liability company (LLC), which is usually preferred, or as a regular C corporation.

Any business agreements between owners should be handled by an attorney as well. These agreements can define duties and responsibilities. There may be stock agreements that will need to be drawn up to bring order to that area of the company. Sales agreements for sales people, non-compete contracts, and employment agreements are also items that will need to…

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