What should I be aware of when making purchases for my business?

When making purchases as a business owner in Washington you should be aware of certain laws and regulations. Small business law in Washington is specific to the type of entity you have chosen (sole proprietor, corporation, etc.) and the regulations that apply to that type of business. In particular, when purchasing goods or services for your business you should be aware of the Federal Trade Commission (FTC) and Washington State Consumer Protection Act that govern business transactions. The FTC helps ensure fair competition and prohibits deceptive practices such as false advertising and bait-and-switch tactics. The Washington State Consumer Protection Act provides protection from harm such as fraudulent or deceptive business practices. You should also be aware of any applicable laws that may affect the goods or services you are purchasing such as Washington State licensing laws and Washington State tax laws. It is important to be knowledgeable of the goods or services you are purchasing and the applicable laws that may be associated with them. Finally, you should familiarize yourself with the applicable contractual obligations and know what you are signing. Make sure you understand any warranties, guarantees, and return/refund policies that come with a purchase before you sign a contract. By understanding these laws, you will be able to make informed and responsible decisions when making purchases for your business.

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What should I be aware of when making purchases for my business?

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