You may not come across one particular Starting a Business law that addresses all aspects of starting a business. However, several resources will point you towards starting a business meeting all the legal requirements. Following the legal requirements does not only protect you from the law, but will also protect you from running into unwanted troubles with others. Essentially, Starting a Business law encompasses all the requirements of the federal and state government for a business start up.
One of the legal aspects of starting a business would be the zoning requirements. Setting up businesses in commercial areas does not attract zoning issues. However, starting one in residential area, like starting a home business or in a property located in the residential zone would require you to follow that particular county or city zoning regulations. This Starting a Business law requires you to verify your eligibility with the zoning board and file ‘zone variance.’ The authorities would evaluate the place and grant permission to start a business there.
Starting a Business law varies with the type of business to be started. In the US, a business can be one of the following types:
The legal and tax elements of each of these entities differ from each other and from state to state. The scope, size, and structure of business, tax implications, expected profit/loss, control level, etc., are the aspects to consider in choosing the appropriate legal business structure.
After choosing the legal structure for the business, you need to register it under a legal business name with the state government. You also have to consider the Trademarks, Copyrights and Patents laws to safeguard your product and business name. Then you need to register your business for the local and state taxes. You also need to get the appropriate business permits and licenses. If you would be employing people for your business, then you need to follow proper legal steps in hiring employees.
To get you started with the Starting a Business law in your location, the best resource would be the local Business Resource Office. Another good source of help would be the local Small Business Administration office. From the IRS to the Labor department, every office has its own set of rules. Reliable and reputable attorneys and accountants can help you in understanding everything and following the proper steps.