Business Law FAQs

• Q: Do I need a license / permit to open my business?
  A: That depends on what type of business you own. Many businesses do not need any special licenses or permits in order to operate their businesses. However, some … More
• Q: What steps should I take to start a business?
  A: When starting a new business, several key decisions must be made regarding the organization, financing, management, and operation of the business.  First, you … More
• Q: Do I Need a Taxpayer Identification Number for my Business?
  A: A taxpayer identification number (TIN) is a number used by the Internal Revenue Service (IRS) to identify people and companies. Most companies need to file with … More
• Q: Whom Does The Labor Management Relations Act Cover?
  A: Generally, the LMRA covers the private sector. Government agencies are excluded. Two exceptions are national banks and mail contractors. Because of this, states have … More
• Q: What is an S Corporation?
  A: There are several different types of corporations from which business owners can choose when they initially set up their business. One type of corporation is an … More
• Q: Whom Does The Fair Labor Standards Act Govern?
  A: The Fair Labor Standards Act (FLSA) sets minimum wage, overtime pay, equal pay, record keeping requirements and child labor standards. As of December 2000, workers … More
• Q: Who Do Businesses Need to Know About The Civil Rights Act Of 1964?
  A: Employers with 15 or more employees, affecting commerce, and whose employees have been employed for each working day in each of 20 or more calendar weeks in the … More
• Q: What is a C Corporation?
  A: A C corporation is the most common type of corporation. The “C” refers to the subchapter of the Internal Revenue Code which explains the rules of … More
• Q: What are the advantages of a limited liability company (LLC)?
  A: A Limited Liability Company (LLC) is a form of business organization which combines some of the benefits of a corporation with some of the benefits of a sole … More
• Q: Do I need to develop terms and conditions for my business website?
  A: Yes, creating and posting terms and conditions for your website is probably a good idea. However, it is important that you think carefully about those terms and … More