Entrepreneurial activity is often associated with new business creation, innovation, and risk taking. While many entrepreneurs are driven by these characteristics, there are a number of laws that govern the world of entrepreneurship. In the United States, for example, there are a number of laws that protect entrepreneurs and their businesses.
One such law is the Small Business Administration (SBA) Loan Program. This program offers a variety of loans to small businesses, including start-ups. The SBA Loan Program is designed to help entrepreneurs secure the capital they need to get their businesses off the ground.
Entrepreneurs should also be aware of the Patent and Trademark Office (PTO). The PTO is responsible for awarding patents and registering trademarks. If an entrepreneur has a new invention or a new business logo, he or she may want to apply for a trademark.
Another law that benefits entrepreneurs is the Sarbanes-Oxley Act. This law, also known as SOX, was passed in 2002 in response to the Enron scandal. The Sarbanes-Oxley Act makes public companies to include rigorous financial controls and reporting procedures. This law helps protect entrepreneurs from fraudulent activity by ensuring that businesses are held accountable for their financial statements.
There are cases however where an employment attorney is needed when things happen. In many cases, employees are not protected by the same laws as entrepreneurs. For example, an entrepreneur might be able to negotiate a contract with a client that protects their business from damages in the event of a breach. An employee typically would not have this same protection. If you are an entrepreneur and are curious about the laws that govern your business, it is imperative to consult with someone who specializes in entrepreneurship law.
While there are a number of laws that protect entrepreneurs and their businesses, consult with an attorney who specializes in entrepreneurship law to ensure that you are taking full advantage of the protections available to you. By understanding the laws that govern entrepreneurship, you can feel confident in launching your new business and protecting your interests.
When to consult an entrepreneur lawyer: Cases where an employment attorney may not be applicable
Times you’ll need an employment attorney is when you have a dispute with another employee, are not getting paid, or feel like you’ve been wrongfully terminated. In these cases, you’ll need an attorney who specializes in employment law to help protect your rights as an employee. However, there are a number of other legal issues that entrepreneurs may face that don’t necessarily involve employment law.
Common legal issues that entrepreneurs face include:
Starting a new business: There are various numbers of laws that govern how new businesses can be started, and it’s important to understand these laws in order to avoid any legal problems. For example, there are specific regulations regarding how and where a business can be registered, and failure to follow rules can result in fines and other penalties.
Contracts: When starting a new business, you will likely enter into a number of contracts with vendors, suppliers, and others. It is important to make sure that these contracts are properly drafted and that all parties understand the terms of the agreement. If a contract is not properly executed or if there are any disputes regarding its interpretation, it can be difficult to resolve them.
Intellectual property:
Protecting your intellectual property is critical for any business, and there are a number of laws that govern how this can be done. For example, you may need to register your trademarks with the USPTO in order to protect them from being infringed upon. It can result in lost profits if you fail to do so.
Taxes:
It is your responsibility that you are complying with all applicable tax laws. This can be a complicated area. It is good to get the advice of a qualified tax attorney if you have any questions.
Employment law:
As an entrepreneur, you may also need to comply with employment laws. This can include things like ensuring that you are properly classifying employees as exempt or non-exempt, and complying with wage and hour laws. You will likely hire employees to help run your business. It is important to understand the various laws that protect employees, such as the Fair Labor Standards Act and the Family and Medical Leave Act. Failing to comply with these laws can result in costly penalties.
While this is not a big list, it gives a basic overview of some of the most common legal issues that entrepreneurs face. An Employment Attorney can help you with many cases. Even if you’re freelancing, they can help with the paperwork, what to write in contracts, and more. If you have any questions regarding the laws governing entrepreneurship, please contact an attorney.
When meeting with an entrepreneur lawyer for the first time, you may be wondering what to expect. While every lawyer will have their own unique style and approach, there are some things that are common across the board.
First and foremost, you should expect your lawyer to be listening to you. They should be taking the time to understand the specifics of your case and what you hope to achieve. They should also be asking questions in order to get a better understanding of the situation. This is important, as it will be easier to provide you with the best possible advice.
If they think that your case is not likely to succeed, they will tell you that straight out. While this may be unpleasant to hear, it is better to know the truth than to waste your time and money on a case that is not likely to win.
Finally, you should expect your lawyer to be professional and courteous. They should be respectful of you and your time, and they should always act in a manner that is in your best interests. If you don’t feel like your lawyer is meeting these standards, you may want to consider finding a new one.
When starting out, be aware of the laws that govern your state. You’ll need to research things like what types of businesses are allowed, how to register your business, and more.