Question

state any five types of legal requirements that will be required for a business

Answer 1

Answer:

legal Requirement means any treaty, convention, statute, law, regulation, ordinance, license, permit, governmental approval, injunction, judgment, order, consent decree or other requirement of any governmental authority, whether federal, state, or local.

Explanation:

Answer 2

Explanation:

1. Formalizing a business structure and founders agreement

2. Applying for business licenses

3. Understanding taxation and accounting laws

4. Adhering to labour laws

5. Ensuring protection of intellectual property