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How legal issues may impact on a business ? Provide an example

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Accounting

How legal issues may impact on a business ? Provide anexample

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Business Structures The Business Structure is nothing but the Form in which the business is established either by Company Firm LLP sole proprietorship Depends upon the structure of the business laws will get tied with neck of the business and Need to follow relevant laws regularly otherwise severe penalty may be imposed For Example If it is a company they need to follow and biding the rules issued by security exchange commission over submission of audited financial statements on time after auditing with Licensed CPAs otherwise they will take very severe action from Imprisonment to close down the Business Taxes It is one of major    See Answer
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