What are my rights and responsibilities as a small business owner?

As a small business owner in Delaware, you have certain rights that protect you and your business. You have the right to make your own decisions about business operations and how to best run your business. Additionally, you have the right to form a business partnership or corporation, which provides limited liability and asset protection for its owners. You also have the right to contract with vendors and suppliers, hire and fire employees, and determine compensation. Your responsibilities as a small business owner come with accepting the risk of running a business. You are responsible for complying with all state and federal laws that apply to your business. This includes paying taxes, obtaining necessary business licenses or permits, and submitting required business documents. You also have a responsibility to protect the safety and security of your customers, employees, and the general public. You are also responsible for keeping accurate records of your financial transactions, maintaining all contracts and agreements, and following all laws related to hiring and firing of employees. Finally, it is important to understand and comply with all environmental laws, as well as rules and regulations related to the products or services you provide. Overall, as a small business owner, it is important to ensure you are complying with all applicable laws, regulations, and contracts to remain in good standing.

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What are my rights and responsibilities as a small business owner?

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