The numerous laws governing businesses can seem overwhelming for the owners of small business. Without the scope or capital for an in-house legal department, it comes down to you to ensure compliance, and if you lack understanding on your own part, this can cause significant problems.
However, business law is not something to be brushed under the carpet and forgotten about. Used to protect the rights of consumers and companies alike, a failure to comply with it could easily be levied against you if a dispute should arise, with some very serious and unpleasant consequences for you and your small business.