Laws for Businesses

Form 1099 is a tax form used by the Internal Revenue Service to track interest, dividends or compensation paid to independent contractors. Independent contractors are businesses or individual...

A patent is the legal right to exclusive use of a new technology. Patenting an invention guarantees the inventor the exclusive right to develop his new invention. Patents are considered public...

A federal tax identification number, also known as an employer identification number or EIN, is a nine-digit number used to identify a business for tax purposes. The Internal Revenue Service (IRS)...

All nonprofit organizations have a mission statement that they work toward fulfilling. Objectives for nonprofits are primarily arts, education, cultural, civic, advocacy and social in nature. Once...

A material safety data sheet, or MSDS, is required by federal law to accompany all potentially hazardous materials. It is not intended for the general public; it is for the companies that use the...

Every person applying for work in the United States must fill out a federal Employment Eligibility Verification form, known as the I-9. Both citizens and non-citizens must complete this form. The...

MSDSs are important for people who work around chemicals or who have to deal with them in an emergency situation. The letters MSDS stand for Material Safety Data Sheet. Each employer is...

If you have owned a small business for a while and are looking to close it down, there are a few things you need to be sure to do. Let's go over each of these, step by step below.

The Property Stock and Business Agents Act, first passed in 2002, provides for the regulation of those who sell property, stocks and other business commodities in New South Wales. It replaced the...

For profit organizations exist to make money and benefit the owners of the company. Not-for-profit organizations exist to benefit the larger community and all revenues received are applied to the...

A sole proprietorship is a business opened under the name of one individual or married couple. The sole proprietorship is not a separate entity, and all taxes are filed on a personal tax return....

First, don't be scared by all this talk about DERIVATIVES. The word itself is horrifying, like something out of your high school trigonometry class. The thing is, you're not supposed to...

Under proxy voting, a member of a voting body authorizes another member of the same body to vote on his or her behalf in case of the first member's absence. The practice is common in governance of...

Union Pacific rail employees follow general rules outlined in federal regulations by the Federal Railroad Administration (FRA) and corporation-specific guidelines.

There is no federal legislation to standardize the enforcement of apartment occupancy laws. Though the Keating Memorandum of 1991 states that a policy of two people to a bedroom seemed sound to...

Labor laws are standard practices that all businesses, governments and organizations in America are expected to abide by. Understanding these laws and how they apply to the workplace can help...

A tender offer is a method through which a potential investor in a company can purchase shares of stock in a company for a limited amount of time without doing so on the open market. In many...

Today you REALLY don't want to go to work, but you don't know how to get out of it. You thought about calling sick, but you want to make sure you have it down to a science before you do, so you...

Alaska Natives began using oil seeps in prehistoric times. Not until 1902 did Alaska's first oil well, at Katalla Bay southeast of Cordova, begin production.

According to the Encyclopedia of Taxation and Tax Policy, a "windfall profits" tax is a tax leveled by a government on profits that it deems unusually or unfairly large. Large profits are dubbed...

The International Code Council (ICC), an international association of professionals across many industries, publishes a variety of codes annually. These codes are useful in industries like...

MSDS refers to Material Safety Data Sheets. These data sheets are designed to provide both workers and emergency personnel with the proper procedures for handling or working with a particular...

A board of directors is a group of individuals elected by the shareholders of a company to oversee the management of that company. Boards traditionally meet at the conclusion of every quarter to...

Economics defines a "black market" as a market operating outside the legal system. Some black markets are for illegal goods or services, while others sell legal goods at illegal prices or terms.

The Michigan Department of Energy, Labor & Economic Growth administers MIOSHA, the Michigan Occupational Safety and Health Administration. MIOSHA's mission is to promote the health and safety...

OSHA stands for the Occupational Health and Safety Administration. This branch of the U.S. Department of Labor helps protect private-sector employees from workplace-related injuries, illnesses and...

Investors would be unlikely to put money into a corporation if they knew the potentially limitless debts of the company could eventually come back as personal debts on themselves. But if an...

Market cap is short for market capitalization, a measure of a company's outstanding shares' complete dollar market value. This value is the product of one share's current market value and the...

Nightclubs are a popular destination for many young people. Protecting yourself while having a good time is important, especially in today's world. In February 2003, The Station nightclub...

Cell towers are an essential aspect of modern communication. In an effort to provide more efficient cell phone coverage to a wider area, communication companies are erecting more towers every...

The term "airline deregulation" has been in the news for decades. Many people mistakenly believe that this means there is no more governmental control of the airline industry. Nothing could be...

The taxation of salt has been the most famous aspect of India's tax law history. Taxes today include long- and short-term capital gains and income taxes. Keep in mind that you will be taxed on...

Employers protect workers by maintaining safety at the business location. The work performed by employees and workplaces are safety responsibilities. Attend to maintaining a good environment for...

President Franklin D. Roosevelt signed the Fair Labor Standards Act into law on June 25, 1938. It set federal standards regarding minimum wage and child labor.

For everyone who works or draws some sort of income, the federal government requires a 1040 tax return form to be filled out. This form will state all the income earned throughout the year, all...

There are too many labor laws on the books to address comprehensively or simply. So, this guide pertains solely to the largest employee groups and the most general and widely applied laws. Note...

Records management audits examine how an organization documents and stores its records. The most important part of records management is comparison to expected processes and standards. Only by...

Starting a home health care business in Maryland depends on the type of services you want to provide. If you want to offer personal care such as bathing, hands-on care or skilled nursing care, the...

A public limited company (p.l.c.) refers to a legal designation for a corporation in the United Kingdom and Ireland as mandated by the Companies Act of 2006. Defined primarily by having shares...

The Veterans' Readjustment Assistance Act, more fully known as the Vietnam Era Veterans' Readjustment Assistance Act of 1974 (VEVRAA), establishes an affirmative action program to be followed by...

Though local ordinances and state regulations may vary slightly, the steps for developing land are fairly uniform not only in the United States, but in many other countries as well. Laws and...

The Uniform Partnership Act provides a framework for state legislature to base their partnership statutes. With the exception of one state, every other state derived its statues from some part of...

To win an auction, you must be as winning and cunning as a poker player. You must not show your interest in an item until at the end of the bidding process. If you are the first bidder, you are...

The AA Credit Practice Regulation Rules are more commonly known as the Unfair or Deceptive Acts or Practices regulations. These regulations effectively state how credit grantors must communicate...

In today's world, simply having an idea is not enough. You must also go through a patent process to make sure no one else steals your idea or intellectual property. Securing a patent may not be as...

The Glass-Steagall Act, also referred to as the Banking Act of 1933, placed a number of restrictions on banks, most of which were repealed through the process of deregulation. To fully understand...

An FFL is a federal firearms license that allows you to buy and sell firearms in the United States. To be eligible for an FFL, you must be at least 21 years old and cannot have spent more than a...

A memorandum of agreement serves two functions. It acts as a de facto contract between two parties, outlining what each will do, and what each will receive as a result of this agreement. It also...

Tax season can be a dreadful time of year for many business owners, and just because your organization is tax-exempt does not necessarily mean that you are free from filing reports to the IRS on a...

Credit card fraud is committed when someone obtains goods and services or receives unauthorized funds by using another person's credit card account. The U.S. government and credit card companies...