Federal, State and local laws must be adhered to when developing or managing a business.
In this Discussion you will review Federal and State laws as well as examine your local laws in relation to the simulation of Tim’s Coffee Shoppe and Exavier Candy Company.
To begin, go to the U.S. Small Business Administration website and select “Starting and Managing” and then select under “Managing a Business — Business Laws and Regulations” where federal laws and regulations can be accessed for reference purposes. Make sure you research your state and local laws that apply (Search: State of your state here on the Internet).
Identify one Federal, State and local law each for Tim’s Coffee Shoppe and Exavier Candy Company (a total of six laws) that would apply to those businesses (laws you have not previously described) if they were located in your area. State why each law applies based on the difference in the size and type of each business.
Describe the impact of these laws on each of these companies.
U.S. Small Business Administration. (n.d.). Electronic lending. Retrieved from https://www.sba.gov