Keeping Your Home Based Business Legal Wrangles-Free
A Home Business Article Contributed by Charan Singh
Home Based Business and the Scope of Legal System
Federal and local legal system encompasses the domain of all businesses, which includes home based business also. The home based business entrepreneur must make a tour of legal systems of the country to ensure protection of his business against the jaws and paws of laws. Small and home based business does not enjoy any exemption from compliance with legal provisions.
Therefore, before setting up any home based business, research must be carried out for all local, state and federal laws and regulations, and incorporate comprehensive provisions for compliance with these laws. The various types of laws are as below:
Enumeration of Laws Relating to Home Based Business
(A) Relating to Incorporation or Start of Business:
Depending on the nature of your business, you may have to comply with the provisions of some or all of these laws relating to bar coding, business licensing, certificates of incorporation and occupancy, registrations for taxation purposes, self-employment taxation, fictitious business name, seller's permits, product production training certificates, etc.
(B) Laws relating to products or services are patents and trademarks, copyrights, etc.
(C) Federal and state laws are generally very particular about welfare of the labor employed in any home based or other business; in definition of employee, some states include even family members who work for home based business. Home based business is required to take insurance policies for employees to compensate them in case of loss or mishap. Laws relating to employees include, among others, health and safety laws, immigration laws, workers compensation act, minimum wages laws, etc.
How to Be Informed of Laws and Regulations Governing the Conduct of Home Based Business
The best way of getting knowledge of any aspect of your home based business is approaching the "horse's mouth".
In the immediate proximity is the local agency or concerned department of state. Local laws and regulations govern the issue of business licenses and incorporation of home based business and other laws and regulations for starting home based business. They provide you with all information almost free of cost. You must contact these governmental agencies to get full details of procedures, forms and fees to be paid for starting your business.
Your regional and local government also provides you information on almost all laws that are to be adhered to by you as a home based businessman, be it labor related, inventory related, business premises related, insurance related, and so on.
Non-Governmental Sources of Obtaining Information Relating to Home Based Business
Accountants are most sought after for their advice on commercial and business laws and regulations as they, over the years, with their experience have built not only a great knowledge-bank of legal system, but have become experts in its applicability to practical situations. These accountants can be consulted by you, for which you may have to shell out a little amount from your pocket.
They can also advise you on the taxation matters and the forms you are required to fill up and submit to the concerned authorities.
By resorting to above information - gathering, consultations with accountants and also by contacting other people from the industry, you can save your home based business from the jaws and paws of legal and judicial systems for violations of laws, rules and regulations.
