The FTC Endorsement Guides, while not enforceable as laws, provide essential guidelines for influencers to interpret, understand, and apply the law correctly. These guidelines emphasize the importance of truth in advertising, disclosure of material connections, and maintaining the credibility of influencer endorsements.
Let’s talk food business! Say you are a home-baker and are wanting to turn your passions and hobby into a real business. What is needed from a legal perspective?
Well, first you’ll want to familiarize yourself with the Federal Food & Drug Administration, aka the FDA.
While website Privacy Policies may not be required in every U.S. jurisdiction, it is certainly “best practices” to include one on your website. Due to increasing concerns around consumers’ personal information and data privacy, laws such as CCPA (California) and GDPR (Europe) have been growing in popularity and may soon be more widely applicable across the board…
Whether you hate the term “influencer” or love it, we are deep in the era of online influencers as a method of digital advertising for companies. In fact, many small business owners serve in both roles, i.e. as the sponsor (engaging influencers to feature or talk about their product) and as the influencer (accepting engagements from other companies to feature or talk about that company’s products on their own platform)…
If you sell ANYTHING, be it physical products, digital products, or services, you’re likely going to need agreements in place with your customers/clients at some point (if not already!). Below is example language for Terms of Sale for physical products (non-consumable) and a link to the key terms for service providers to consider in their Service Agreements!
The tax roadmap for typical early stage small business owners:
Keep track of all expenses of the business.
Register your business with the State you live in / operate the business in. (Read more about choosing biz structure HERE.
Obtain your State Sales & Use Tax ID (if applicable).
Keep track of all income of the business.
File Federal & State Taxes.
