What are some common legal issues faced by small businesses?

Small businesses face various legal issues that they need to handle carefully to avoid legal troubles. Some common legal issues include business formation and registration, employment-related disputes, contract disputes, intellectual property infringements, and regulatory compliance. Taxes and accounting issues are also common legal challenges, and failure to meet regulatory requirements such as paying taxes and obtaining necessary licenses and permits could lead to severe penalties and legal actions. Small business owners should seek legal advice when dealing with such issues to ensure they are complying with the law and protecting their business interests.

This mind map was published on 18 April 2023 and has been viewed 58 times.