1.
Business Formation Laws: These laws dictate how businesses can be legally formed and what types of
business structures are available, such as sole proprietorships, partnerships, LLCs, and corporations.
2.
Employment Laws: Regulations in this category cover hiring practices, minimum wage requirements, workplace safety, and anti-discrimination policies.
3.
Tax Laws: Entrepreneurs must be familiar with tax obligations, including income tax, sales tax, and payroll taxes.
4.
Intellectual Property Laws: Protecting innovations through patents, trademarks, and copyrights is crucial for maintaining a competitive edge.
5.
Consumer Protection Laws: These ensure that products and services meet safety standards and that advertising is truthful.