As a business operator, it is understood that you know well about the importance of business legalities. If you just create a business without following the laws, you will not prosper. You will be sanctioned by the government, especially the Bureau of Internal Revenue where you have to pay taxes for your business and that is one legality. This is one initiation of the law to protect both your business and the consumers. Business owners, employees, and consumers can feel secure and confident while doing business .
Business legalities
- Thread starter Starmix
- Start date
There are rules in every business even though it is not clearly stated but there are things that should be done or not done in a busienss so every business person should keep to those rules and regulations
- Thread starter
- #3
It is about the legalities of the business by following the laws like permits to operate the business, the sketch plan of the building or business, the amount for tax payable and the supposed salaries of the employees.They are among the legalities the business owner must follow.
There is something called corporate affairs Commission in my country and it is this commission that gives licence to every business that you want to do especially when you want your business to be fully recognised
Business owner needs to know the regulations for operating a business. That may include the permits such as business registration license, required, the taxation policy, minimum wage, the insurance for workers.
- Thread starter
- #6
That is perfect, yes there are many documents the business owner must file to legalize his business. It is not only for the business alone likewise the workers and the buildings like insurance and taxes. And @Bisolami , there is always a company or department responsible for business legalities compliance.
There are laws governing any business and those laws must be properly adhered to in setting up and running a business.
