Online business is flourishing globally. And it is the sole reason for which the global names in eCommerce should adhere to the business laws and regulations and remain compliant says Michael E Weintraub Esq . It could be a start-up, a small business or a quickly expanding mid-market organization; your online functions are most likely regulated by the contract, corporate, and copyright laws amidst others. There are also laws encompassing corporate governance and customer protection.
You don’t have to get your law degree for this. But it’s essential to stay updated about the legal problems that your eCommerce website can encounter. The eCommerce business laws you should know
Simply put, eCommerce is a new segment of retail. And similar to other kinds of online businesses, it’s essential to adhere to general corporate laws along with the international and local laws applicable for your business. Furthermore, you should also adhere to the online-specific provisions about data privacy, web accessibility, electronic payment process, and many more. According to Michael E Weintraub Esq , some of the essential laws to know about are:
If yours is an eCommerce business based in the United States, then it will certainly charge sales tax, which can vary based on different locations and states. Certain places in the United States levy a state-wide sales tax. But in different counties, cities, and special taxing districts, it can also add local sales tax rates atop the state-wide taxation. Not being able to evaluate and collate the correct sales tax amount correctly can place a dent in your profit. It can also leave you stressed at the time of tax. Hence, it’s better if you learn about your obligations before.
You also need to know about import duties and taxes. In case you import the products […]
I am a robot. This article is curated from another source (e.g. videos, images, articles, etc.). For the complete article please use the link provided to visit the original source or author. Content from other websites behaves in the exact same way as if the visitor has visited the other website.
Warning: The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of MichelPaquin.com.