Small Business Regulations

An engagement letter is a written document defining the business relationship to be entered into by a client and a company. read more

A grandfather clause is an exemption that allows people or entities to continue with activities that were approved before the implementation of new rules. read more

A hold harmless clause is a statement in a contract that absolves one or both parties to the agreement from liability for any injuries or damage. read more

IRS Publication 535 - Business Expenses refers to the IRS document that describes what types of business expenses are deductible.  read more

A licensing fee is an amount of money paid to an entity for the right to engage in a certain line of business or to use a copyrighted item. read more

Musharakah is a joint enterprise or partnership structure in Islamic finance in which partners share in the profits and losses of an enterprise. read more

Predatory pricing is the act of setting prices extremely low in an attempt to eliminate the competition. read more

Though privately-owned, a small business investment company is licensed by the Small Business Administration to offer financing. read more

When one party holds some responsibility for the unlawful or reckless actions of a third party, it is called "vicarious liability." read more

A voidable contract is a formal agreement between two parties that may be rendered unenforceable for a number of legal reasons. read more