Business law is an expansive niche that governs multiple areas. One of the first things every business owner should do is become familiar with laws pertaining to their industry to ensure they remain in compliance.
In recent years, business law has become more complex; particularly in the areas of privacy, fraud, and Internet marketing. Companies that conduct business online need to pay particular attention laws enforced by the Federal Trade Commission, as well as Children's Online Privacy Protection Act, and international trade laws.
Every business is unique, so it's wise to consult with a business attorney to guide you through the process. Not only can lawyers ensure your company complies with state and federal laws, they can aid in establishing strategies to protect company assets.