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Category:Business Law

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Introduction to Small Business Law

The doctrines of corporate and business law govern business both large and small. A small business is generally privately owned and operated with very few employees. A small business can be organized as corporations, partnerships, nonprofits or sole proprietorships. A complete business law definition must also include formations like limited liability companies, general partnership, limited partnership, and limited liability partnership. Most small businesses in the United States have under 100 employees. Typically, small businesses start gradually at very low cost and on a part-time basis. Corporate and business law collectively govern all aspects of running a business, incorporating consumer law, contract law, employment law, environmental law, insurance law, intellectual property law, finance law and tax law.

Traditional Small Business Law

Frequently, federal law and state law will regulate multiple facets of corporate and business law. Business finance laws typically include antitrust laws, bankruptcy and securities and financial reporting laws. Business employment law typically includes human resources law and workers' compensation. Business intellectual property law is generally regarding patents, trademarks, copyrights and digital rights.

Online Corporate and Business Law

Online business law incorporates the following topics of law: international online sales, online sales tax, online use tax, and domain registration. Small businesses are well-suited for the internet marketing because they can easily serve specialized niches. Marketing techniques for online small business include networking, word of mouth, customer referrals, internet directories, television, radio, outdoor (roadside billboards), email marketing, and search engine optimization. Television marketing is usually the most expensive form of advertising. Internet marketing on has become more popular and is generally more affordable. Advertising on niche sites can also be as effective as targeted advertising.

Uniform Commercial Code

The Uniform Commercial Code, which has been adopted in part by every state in the United States, is the primary authority that governs interstate commercial transactions. The UCC is divided into nine articles, covering a broad spectrum of issues that arise in commercial transactions. These articles govern the following: sales of goods, leases of goods, negotiable instruments, bank deposits, fund transfers, letters of credit, bulk sales, warehouse receipts, bills of lading, investment securties, and secured transactions.


Additional Resources

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