Starting a business is often a dream come true for many entrepreneurs. However, that dream can soon crash down on itself if you do not take the time to learn about the various legal issues that need to be accounted for. Numerous restrictions may be placed on your business, or you may need to obtain certain licenses and permits before officially beginning operations. Make sure everything is taken care of so that you can help the public without worrying about running into trouble with the law.
Licenses and Permits
Local, state and federal governments require businesses to acquire various licenses and permits in order to operate. You need to look at every level of government to determine exactly what you will need to run an effective business. This documentation can serve a litany of purposes, including the following:
- Give a company the power to excise taxes and collect sales
- Ensure that the business does not pollute the nearby environment
- Prevent the company from engaging in fraud and deceiving customers
- Ensure that everyone who works at the business are qualified to carry out their specific trade
- Promote competition within a given industry
- Control what new technologies can be implemented within the business
- Ensure that all the services and products offered by the business are safe for general consumption
The number of permits and licenses you will need to get will depend on the exact industry you are in. You should be able to do some research online in order to determine what you need to get before operating.
Surety bonds are often required by local and state governments, and these bonds essentially serve as an insurance policy of sorts. A surety bond ensures that the business will perform all of its obligations as stated by law. Typically, companies that do work with government agencies need to be bonded. Private firms are the most common business to require surety bonds, but you should check with legal professionals in order to know one way or another if you require this.
Before opening your business in a certain location, you need to make sure that you are not in violation of any zoning laws. Your local government may have restrictions on where certain items can be sold in the city. It becomes even more important to ensure you are not violating zoning laws if your business is located in your home. It is also important to review zoning laws if you are in an industry that is heavily regulated. One example of this would be if you are selling medical marijuana.
Hire the Best Legal Counsel
The best way to ensure that you are staying on the right side of the law on all these issues is to hire attorneys who are knowledgeable in the area of business law. Far too many start-ups skimp on legal counsel in order to curb expenses before they open, but when it comes to the law, you can never be too careful. Trying to save money now could end up costing you dearly in the long run if your business is not complying with the law. Acquiring the proper licenses and zoning permits should never be evaded, so you should seek out the best legal authorities in your area to assist you. You should try to find someone who is experienced in corporate law, real estate laws, intellectual property laws, franchise laws and anything else you need to run the best business possible.
Before you sell a single product, you need to ensure that your business is complying with every law it needs to on the federal, state and local level. If you have all the documentation you require, then you will be able to operate with peace of mind.
The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.