The Legal Risks in Business Law

Introduction to my Business2

Risks Overview3

Legal Risk Number One: Employment Law4

Legal Risk Number Two: Tort Law19

Legal Risk Number Three: Negligence of Employee Rights22

Legal Risk Number Four: Product Liability Laws25

Federal Risk26

Conclusion35

Endnotes36

The Legal Risks in Business Law

Introduction to my Business

Running a small business is rewarding yet extremely demanding. And that very fact makes is necessary to protect the livelihood and the business from unwanted risks that have the potential to not only damage the business but to also close it down.

Warranted or unwarranted, legal action is a very real risk and a threat to the business irrespective of the size of the organization. The very act of just proving your innocence and the legal cost of doing that when people do not have a substantive or honest claim against the business can be very devastating for the business. Add to that the toll this acts takes on emotions and time can be very taxing and can cause serious hurt to your personal time as well as the business. Yet many organizations suffer from this dilemma.

Thus there are many ways of protecting one self and the business from these unwanted legal actions. There is off course the law and related to businesses there is detailed business law and then there are accountants as well, both these sources have the potential to give valuable information in this regard. However prevention is better than cure, the paramount form of protection is still not to give anyone the reason to take any legal action against the business.

The business that I have opened is Internet Café Business. This café as part of its services will offer the customers easy and affordable access to the internet and at the same time sell coffee, other beverages and snacks. The size is five hundred square feet and it is a premium coffee bar located in Wichita Ks and employs 5 people. It is neither a parent company nor a subsidiary of any other company.

Risks Overview

The business and legal risks are present in each and every business. My business of Internet Café Business is also prone to some of the most common risks discussed below. To be aware of the risks that a small business such as the Internet Café business faces will enable the businesses and their owners to be much better prepared for any unforeseen legal action and so they can deal with them appropriately. Being aware of the risks would allow my business to work freely and in accordance with the laws for the purpose of avoiding any legal consequences in the future. For instance, my Internet Café Business must follow the censorship rules and not allow below age users to get involved in activities within Internet Café Business which are not appropriate for their age. Also, the Internet Café Business needs to be aware of online businesses rules and regulations. All these are important to know and realize for the purpose of making my business of Internet Café Business a huge ...