Whether you are a college student or you are a business owner, it's essential to understand the laws involved in the business.

If you have researched business laws for a college assignment you can check out homework doer to get help from experts for your paper.

Also, if you own a business, especially a fledgling or small business, you aren't likely to have a team of attorneys on retainer to address the legal issues that arise in the course of a given day, week or year.

However, there are certain areas of law that you need to familiarize yourself with to help ensure your business is primed for growth.

Whereas this list is not all-inclusive, here are some important areas of law every business owner or professional should know.

1. Obtaining Business Licenses and Other Necessary Legal Documents

To start a business, you will probably need to secure a license by contacting your local city government or applying online, depending on where you plan to establish your business location. To obtain general information about federal and state licensing regulations, visit Small Business Administration websites and government portals concerned with the industry of your specification.

2. The Family and Medical Leave Acts

As your business grows and expands, you will need to hire employees. This will open a large box of rules and regulations, which includes the Family and Medical Leave Act. This is a law that establishes certain rights for employees to take personal leave while still retaining their position with your business. For example, if an employee gets a baby and needs time off, or if an employee is struggling with an illness or is taking care of a loved one with a medical condition, there are rules that you must adhere to. This includes allowing the employee to take a certain amount of time off, as well as how much leave impacts compensation. A full set of guidelines is available at your country's Department of Labor.

3. Workers’ Compensation Law

Most governments require employers to obtain a workers’ compensation insurance policy that will provide financial support to employees if they suffer an injury or become ill due to a workplace accident. Generally, each country governs the rules and regulations for their respective systems.

4. Honesty in Advertising and Marketing

This law requires all advertising or marketing efforts to be truthful. Also, if the business makes any claims during an advertisement, you must have some proof to substantiate that claim. You cannot give misleading or unfair information. This rule becomes even more severe when you market to children or use endorsements.

5. E-mail and SPAM Act

The CAN-SPAM Act is a law that regulates commercial email solicitations on a universal level. It prohibits deceptive subject lines on emails sent to customers or consumers. The subject line must accurately convey the content of the message itself. In addition, you must disclose to the recipients where your business is located. The recipient also must be able to find your physical address somewhere in the email. Most business emails put this information at the bottom. You need to give the recipient an easy way to opt out of your email list. Complying with this Act is extremely important. Each separate email that violates this Act is subject to hefty penalties.

6. State and Federal Taxes

Philosophy asserts that there are only two certainties in life: death and taxes. This is why you need to familiarize yourself with applicable state and federal tax laws that are involved with your business. The business structure you selected when creating your business will actually have a big impact on the taxes you will pay as a business owner. For example, if you own a limited company, the taxes owed will be different from a corporation. The local Revenue authority provides an overview of the types of taxes owed by business owners.

As you can see from the few areas discussed above, understanding relevant business laws can be a bit intimidating. Nevertheless, it is extremely important to be informed as a business owner. Don't bury your head in the sand and expose yourself to a legal violation that could ruin the long-term viability of your business.