Along with your right to establish a business in any state that you desire in the country, certain sets of federal, state, and local laws and regulations are ought to be followed, adhered to, and complied with. These business laws and regulations aim to promote and uphold harmony and coherence among the business and legal ecosystems.
In the state of Pennsylvania, clusters of definite policies are implemented for the sake of entrepreneurs and the community. To start business in Pennsylvania, you must first agree with these business laws and regulations through signing a certificate of agreement, for instance, and other types of contracts. Now, for you to be informed of these policies, check this blog out.
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Business Registration
One of the basic rules that you must comply with is business registration. Although each type of business entity has its own business process, the common ground is that they must all be registered in the state. The failure to register your business could lead to greater consequences that you might not want to encounter such as monetary penalties, lawsuit vulnerability and disqualification, and worst, closure or termination of your dream business. The registration process in limited liability companies (LLCs) could be done through a registered agent while in corporations, the formation will be official through the acquisition of a Certificate of Incorporation.
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Intellectual Property Law
To protect intellectual properties such as trademarks and innovations, the intellectual property law was created. These things include brands, designs, music, artwork, and inventions. Intellectual property law is designed to enforce originality and intellectual protection of a company, an organization, or even an individual through trademarks for services and goods; copyright for art, music, and literature; patents for technical inventions; and designs for logos and products. This law seeks to both protect the creator of the service or product idea and to sue intellectual property law violators.
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Antitrust Law
The Pennsylvania Antitrust Law aims to promote economic competition hence, to prevent monopolies and eventually, will benefit the customers, clients, or consumers. Exploitative and unfair pricing is what the antitrust law wants to prevent and abolish. Likewise, antitrust law inhibits companies to opt-out of themselves in this pricing agreement and move to a non-competition agreement. For instance, companies could have an agreement that they should not compete in terms of quality and pricing of products. As a result, the consumers could suffer from the exploitative response of the companies.
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Federal Employment Laws
Employees are the heart of the business and so they must be protected from exploitation and other types of abuse. The Federal Employment Laws in Pennsylvania come in a spectrum of laws such as Fair Labor Standards Act (FLSA) that seeks to ensure that the wage for employees do not underrate to the minimum wage and other wage-related issues; Occupational Safety and Health Act (OSHA) that aims to regulate and uphold the workplace safety; and Retaliation and Whistleblower Laws that aims to protect the employees who desired to report their employers that violate their rights.
Conclusion
One of the important factors of a successful business is being compliant with the law. After all, if you fail to comply with the set of laws of the state where your business is, you’re only leading your business into failure and possible legal problems that you as an owner will have to face. So, make sure to follow the set of laws and regulations imposed and be a responsible business owner.