File Name: essentials of business and online commerce law .zip
With the massive explosion of e-commerce, and especially the use of the Internet as a transnational and instant medium for business transactions, has come a whole range of new laws and regulations - and, inevitably, a minefield of accompanying uncertainties and potential pitfalls. So what exactly are the legal issues companies need to address, and what are their implications in real terms for the business world? With a brief to provide practical help for businesses and e-commerce initiatives, this series of cutting-edge reviews examines and evaluates the special rules designed to regulate the Internet - both at a European and at national level in the Member States.
Understanding these issues before you try to start selling online will help you plan wisely and save you time, energy, and money. Many of these issues are just part of the cost of selling products on the internet, but some may come as a surprise. Knowing about them ahead of time is the key to working through them.
ISBN 13: 9780131440470
Understanding these issues before you try to start selling online will help you plan wisely and save you time, energy, and money. Many of these issues are just part of the cost of selling products on the internet, but some may come as a surprise. Knowing about them ahead of time is the key to working through them. First, know that every state and country has different expectations and standards when it comes to taxes.
That means you have to conduct some research and understand your target market. Other issues are related to what you are selling and where you are selling it from. To cover all your bases, talk to a tax professional or local tax authorities readily available to you.
Keep in mind, too, that this information — and the regulations around it — are constantly changing. This is just one of the many reasons why having a tax professional on hand or working with your local tax authority will be an important aspect of running a healthy business. Or, you can use an app to automate a majority of the process.
There are many payment gateways available for ecommerce businesses. BigCommerce connects with multiple payment gateways, so you have the freedom to choose the ones that are right for your business. Learn more about the most commonly used options:.
There tends to be some common misconceptions about what these words actually mean, with must-know laws and regulations around each one. Depending on what product you plan to sell , you may or may not want to apply for one of these. Simply make sure to research with the appropriate copyright, patent, and trademark organization. Most shipping companies clearly note their restricted items. Typically, restrictions are placed on items like:. Also note that some providers may allow you to ship usually restricted items but will require some extra paperwork and fees.
While your determination is alive and well, believe it or not, your business may be too large to legally run out of your home. You may be surprised to learn that you could benefit from having a brick-and-mortar location or warehouse in the early stages of your business.
In fact, it may be time to reevaluate your product sourcing plan. Try leveraging a partnership with a shipping and fulfillment company that specializes in dropshipping or 3PLs.
By using a dropshipping or 3PL service, you reduce shipping zones, or the distance packages travel, which will typically reduce the cost of shipping and time in transit. A win-win for both your business and your customers. Having a clear and organized inventory management strategy in advance will help you create a scalable business plan for the future. This act includes quite a few regulations, but the one that will likely apply to your site is the inability to collect any personal information from a child under the age of For instance, sites selling items like vapes or alcohol need to have age verification tools before checkout in order to be legally sold.
Every country is different as far as their demands on how to run a business, and things get especially tricky when it comes to age restrictions on products. Do your research and stay on top of legislation to ensure your business is on the up-and-up. There are multiple types of insurance for small businesses , including general liability, product liability, professional liability, commercial liability, and home-based insurance. Reach out to your local insurance provider to find out which type would be best for your business and location.
This is especially important if you plan on selling products that are considered high-risk, like CBD. Also look into professional liability insurance also known as errors and omissions insurance , which protects your business against malpractice, error, and negligence. Depending on which product you decide to offer, you may need a license to sell it. Legal Zoom is a great resource that can not only help with licensing, but with other red-tape items in this section.
Rather, the business licensing required for an online retail business is not substantially different than that of a storefront business.
PCI compliance is a necessary protection for online sellers, and nearly all SaaS ecommerce platforms have it baked in to some degree. Online businesses tend to be prime targets for data theft, which is why ecommerce providers take it so seriously — and why you should too. BigCommerce Has You Covered.
BigCommerce takes care of the vast majority of your PCI compliance needs. This protects against credit card data breaches and eliminates the significant cost and hassle of compliance.
There are also individual platform requirements that you may need to be aware of before starting your business. For instance, when you download Facebook Messenger which you can now use to transfer payments! No, you were not imagining ads popping up after having a conversation with your spouse in the kitchen earlier that night. Being transparent with your business and your customers will eliminate the chance of any upsetting legal conflicts or lost business. Trust is something that is earned with your customers, so take the initiative to be well informed and protect your brand by building an online store that meets all legal requirements.
Better to be safe than sorry, right? Understanding the implications of all these laws is essential for the health of your business — and the protection of consumers who become your customers. Continue on to the next chapter to learn how to conduct market research to ensure that your product idea is not only feasible, but profitable, too.
Sign up for our weekly newsletter. Always happy to help you here if you need it but we can help you even more in the Bigcommerce Community Forum. Unfortunately, I have not encountered this personally. Although I know of clients who have run into this and I cannot put you in contact with them directly. So, I did some research for you and found a pretty good example! Check out this example from NOLO.
Katey, Thanks for the reply. Will, thanks so much for reading and your question! I apologize for such a delay. I have been out of the country for the last week.
Regarding any type of legal concern, my response will always be the same. If all else fails, it never hurts to make friends. In your particular situation, you could end up partnering up with said business and even get some cross-promotional campaigns together to help boost awareness around both of your businesses. Thanks for reading!
Glad you enjoyed. Please feel free to toss out ideas for future posts. We want to be sure to cover topics that are truly helpful to you. Be well! Katey thanks for the article. I have a question re trademark names and their use in selecting a domain name to better define a market and specific offer. Hope this was not too confusing. This is very insightful. Today customers want the fastest shipping, And the competition in eCommerce business has been increasing immensely day by day.
Thanks for sharing… Hi Paul, thanks so much for reading and the the great question. Yes, according to EU cookie law, any EU-based website, regardless of where the site is hosted, will need to inform all website visitors of cookies.
In short, you will need to notify visitors of cookies. Let me know if you have further questions or concerns. Indeed, BC have a feature for this. But what is the story regarding our website being on US servers as they are with BC? Would this law be applicable?
3 Legal Challenges for E-Commerce Businesses
This area of law deals with matters relating to commerce and trade between businesses and consumers, and it also reaches out into areas of employee contracts, business contracts, financial transactions and more. Most businesses engage in commerce with their customers without really giving any thought to the legal side of it. However, having the knowledge and understanding of commercial law can play a big role in your success. It can also prevent you from experiencing any headaches with customers that could have been avoided if you had an understanding of commercial law and how to use it in your business practices. Commercial law effectively governs trade between businesses and consumers.
Essentials of Business Law, 1e takes a balanced approach and covers both the Contracts and the Regulatory material that is crucial for Business Law professions. It is light on Contracts, making it more appropriate for those who want a briefer, less expensive book that still covers all the topics. Goodreads helps you keep track of books you want to read. Want to Read saving…. Want to Read Currently Reading Read. Other editions.
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Essentials of Business Law
Emily Delbridge is an authority on car insurance and loans who contributed to The Balance for nine years. Delbridge is a licensed Personal Lines Insurance Agent who has been in the insurance business since Since joining the industry, she has significantly contributed to the book of business for independent agency, Great Michigan Insurance. We are committed to researching, testing, and recommending the best products. We may receive commissions from purchases made after visiting links within our content.
Product and service reviews are conducted independently by our editorial team, but we sometimes make money when you click on links. Learn more. The e-commerce ecosystem has become one of the most crowded startup spaces over the past few years. According to Shopify, e-commerce accounts for more than three-quarters of all retail growth.
Essentials of Business Law, 1e takes a balanced approach and covers both the Contracts and the Regulatory material that is crucial for Business Law professions. It is light on Contracts, making it more appropriate for those who want a briefer, less expensive book that still covers all the topics. Henry R. Convert currency.
Publisher: Saylor Foundation.