Business Law 153 - Landrum

What is it like to be a corporate attorney? In this Career Q&A video interview, Bart Wall talks about his career path, what he does on the job, and the keys to success in the field.

There are several possible structures for small business: sole trader, partnership, incorporated company, and a trust. Small business must also pay attention to zoning laws, occupational health and safety rules, and have public liability insurance.

Topics include obtaining proper insurance; determining the best market prices for goods and services; finding the right software and record-keeping systems for sales, billing, expenses, and taxes; and making sure that an array of government and bureaucratic requirements are fulfilled, from an Employer Identification Number to Employee Eligibility Verification forms to the required notices posted on company premises.

This program explores what it takes to be a successful small business owner, covering topics such as product demand, niche markets, profitability, the importance choosing an appropriate name, and legalities.