As the owner of a small business, you probably fulfill a number of other roles, including developer, salesperson and customer representative. Of course, the ultimate goal would be to outsource a couple of these responsibilities or even hire your first employees, but scarce resources can sometimes put an end to this dream.
Regardless of how busy you are, you’ll want to take the time to avoid one potential business pitfall: legal fallout. Small businesses must adhere to the same laws as multinational corporations, and no company is immune to legal issues. To sidestep them, you may not need to hire a lawyer, but you’ll want to know the law behind specific business practices.