Small Business Legal Requirements:
Legitimizing Your Business From A-Z
One of the main issues that face new and existing business owners is all the legal requirements necessary for operation. The following list is the most common requirements and should help you get started on your road to legitimizing your business. Keep in mind that you must also consider regulations that may be specific to your industry or local area.
- Bar Coding - Many stores require bar codes on their merchandise. If you plan
to have your products feature in different outlets or even in your own storefront, you
may need to obtain a bar code.
For more information contact:
National Bar Code
PO Box 1244
Dayton, OH 45401
(937) 435-3870
- Business Licenses - You may need vendor's license to sell retail items in
your state. Check out your state's home page to get detailed information as you may need
other types of licenses depending on your industry.
If you are interested in incorporating your business or forming a Limited Liability Corporation, check out Corporate.com to find out more information.
- Certificate of Occupancy - For store-fronts or brick and mortar businesses,
you may need zoning permission from your city or county zoning department.
- Copyrights - Protects the thoughts and ideas of creative individuals. You may
need this on marketing materials, books, poetry, etc. Contact the following for more
information:
U.S. Library of Congress
James Madison Memorial Building
Washington, D.C. 20559
(202) 707-3000
http://www.copyright.gov
- Federal Self-Employment Tax - Everyone is required to pay social security
tax. This is taken out of your self-employment tax. Contact the IRS for more information
(800) 829-1040 or visit the website to download free information (http://www.irs.gov).
- Fictitious Business Name - We discussed this earlier. If you are not using
real names you will need to register with the county. (This doesn't apply to
corporations). Visit your state homepage for more information.
- Health and Safety - Visit your state's homepage for specific information
regarding health and safety requirements for your employees.
- Immigration Act - All employers must verify the eligibility of new employees.
You will need to provide an Employment Verification Form (I-9). You can receive the form
by calling 1 (800) 870-3676 or by visiting your state's homepage.
- Insurance - In order to protect your investments from natural disasters and
other calamities you need to find good business insurance. Some is required by law
others you will want to acquire for additional protection.
- Liability - In case you incur a lawsuit based on the use of your product and
other types based on industry.
- Property - Used to replace any equipment or valuables damaged or destroyed by
unforeseen events.
- Business Interruption - Used to cover taxes, utilities, and other fixed
expenses when any property is out of commission.
- Key Man - Insurance to cover loans in the event an owner and key employee
dies.
- Automobile - If you use your automobile for business use. You will need to
have this type of insurance.
- Office and Director - In the case of a corporation, if the officers or
directors become personally liable for actions on behalf of the corporation.
- Home Office - If you have a home-based business, you will have to update your existing policy to include office equipment because it is not included in the standard homeowner policy.
- Liability - In case you incur a lawsuit based on the use of your product and
other types based on industry.
- Legal Assistance - Starting a business requires completing dozens of files
and possibly signing agreements and contracts. Consult with an attorney before going
forward with any new agreement. Legal assistance is available at affordable costs. Try
Pre-paid Legal to start your search for
legal assistance.
- Minimum wage - You must comply with all labor laws including the federal
minimum wage. Check out http://www.sba.gov for more
information.
- Patents - If you have a new invention and you want to protect your ideas you
should acquire a patent. This process is detailed and highly technical so you should
contact a patent attorney. For more information, contact...
Superintendent Of Documents
PO Box 371954
Pittsburgh, PA 15250-7954
(412) 512-1800
- Sales Tax - If you have a retail business, you must collect sales tax from
your consumers. Visit your state website for more information.
- Trademarks - These are symbols used by business to indicate original
materials. For more information, visit
http://www.uspto.gov or your state's homepage. If you already have a product or
business logo you'd like to register contact:
US Department of Commerce
Trademark Office
2021 Jefferson Davis Highway
Arlington, Virginia 22202
(703) 305-8341 (800) 786-9199
http://www.uspto.gov
- Workers Compensation - If you have more than three people or more then you must carry this type of insurance to provide protection to your employee that are injured on the job.
Excerpted from The CSDGT Small Biz Startup KitT
Rhonda Wynn is the author of ""The CSDG Small Biz Startup Kit (TM) and owner of Cypher Signature Design Group, a new media and marketing design firm. For more information on Cypher Signature Design Group visit their company website at http://cyphersdg.com. For free small business resources, links, downloads, and articles visit Small Biz Startup Kit on the web at http://smallbizstartupkit.com
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