Select a msall business with which you are familiar and disc

Select a msall business with which you are familiar and discuss the most likely forms of business law it should need to be concerned about . Provide specific examples to support your response.

Solution

I am selecting the business of primary education. It involves operating a pre-school catering to the educational needs of 2 years to 6 years old children.

The first business law requirement is that the organization has to be registered in the form of a sole proprietorship or a partnership or a trust.

Secondly, proper books of accounts have to be maintained and have to be audited by a professional auditor.

Thrdly, the audit report and tax returns have to be filed with the concerned authorities.

Besdies this, a school has to comply with educational laws as well like giving equla opportunity to children, maintaining education standards etc.