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When It Comes to FTC and Regulations, the Devil's in the Details
Be compliant or face the consequences. Such is life in a world with FMLA and other regulations. Here, we take a look at regulations that are relevant to small-business owners.
No matter the size or type of your business, chances are youre subject to some forms of regulation. As a small-business owner, the buck stops with you, so you must be aware of all of the regulations with which you must comply. Ignorance is not a valid excuse for noncompliance. In this article, well introduce you to some of the most common federal laws.
Please note: depending on where youre based, state and local laws may come into play as well. Always speak to a certified legal advisor before making any legal or regulatory decisions. The following article does not constitute legal advice.
If you have even one employee, or are planning to hire one, this section applies to you. Among the most important regulations:
Promoting your product or service is crucial to the success of your business. You need to do it legally, however; laws governing advertising apply to nearly all businesses.
The Federal Trade Commission enforces advertising laws. Some key FTC requirements for keeping your advertising aboveboard include:
Environmental laws protect human health and the environment. While the U.S. Environmental Protection Agency makes and enforces federal regulations, states have their own environmental agencies and rules. See a list of state and territorial agencies here.
Whether youre subject to environmental regulations depends largely on what you do. For instance, a small house-painting company will need to know how to properly handle solvents and safely remove and dispose of lead paint. A neighborhood auto-service shop will need to know how to handle all that used oil from customers cars.
If your business is subject to environmental laws, youll probably need permits to carry out your work legally. Permits are usually issued at the state or local level.
This gives you an idea of the scope of federal regulations, but its just the tip of the iceberg. As always, theres no substitute for professional legal advice from an attorney familiar with your specific circumstances.