Though the federal government does not regulate all business activities, some companies must satisfy requirements at the federal level. To ensure that your business complies with government rules, familiarize yourself with requirements for employers and businesses in your industry. The most common federal regulations for businesses include:
Employer Identification Number (EIN). The Internal Revenue Service (IRS) requires all corporations, Limited Liability Companies operating as partnerships, and every employer to obtain an EIN.
Tax Obligations for Businesses. Small business owners need to understand their federal tax responsibilities.
Business Licenses and Permits. Some agencies require certain businesses to obtain a business license at the federal level.
Labor Laws. Businesses that hire employees must comply with numerous labor laws regarding wages, benefits, working conditions, and more.
Posting Requirements. Depending upon whom they hire, businesses must display certain posters from the Occupational Safety and Health Administration, the Employment Standards Administration, and other departments.
Industry Regulations. Specific industries have special requirements for conducting business. For example, farming companies must comply with environmental regulations.
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Business Planning - Federal, State, & Local Research
Each and every city in the United States has their own operating rules for every type of business. This also applies to like business types to use restaurants as an example. What we do for our customers is research the local rules of operation, draw, and file the necessary paperwork for the business being opened.
Researching local business requirements is done for each customer and that is how we are able to deliver plans meeting current rules and regulations. There are many Business Laws & Regulations that can be all consuming. We draw from many experts in the field of business in the following fields:
Advertising & Marketing Law Employment & Labor Law Environmental Regulations Finance Law Online Business Law Regulation of Financial Contracts Understanding Fair Practice
Nearly all businesses require some form of federal, state or local business licenses. You don’t want to start your business off on the wrong foot by failing to obtain your licenses before transacting business.
Federal, state and local licenses
Federal licenses are typically required only for businesses regulated by a federal agency, such as the Securities and Exchange Commission and the Bureau of Alcohol, Tobacco and Firearms. But there are many different types of state licenses, generally granted by state agencies or the state department of taxation. Most local counties and municipalities require licenses, too.