Owning a startup, to many, is the epitome of the American dream. Who doesn’t pine the work day away thinking about being their own boss, escaping the hamster wheel of being a salaried employee or clock puncher, and making your own destiny?
However, one area where may new entrepreneurs and small business owners fall short is dealing with the law and regulations. Typically, new business owners starting out have not had to worry about legal issues in their past jobs; now however, at the helm of your own company, that lack of knowledge can be detrimental.
Ignorance of the law can inhibit your company’s growth, expose you, your employees, and your customers to significant liability risk, and even put you into legal jeopardy if you run too far a...