Post detailed answers to the following questions. use complete sentences. which aspect of the law that business owners have to know do you find most intimidating? what are some steps you could take to make it less intimidating and more accessible?

According to the most recently-available statistics, about 95 percent of pending lawsuits end in a pre-trial settlement. This means that just one in 20 personal injury cases is resolved in a court of law by a judge or jury.

I find finance law the most intimidating of all the law categories involved with starting and running a business. The laws on tax obligations to your state and federal governments are incredibly daunting, especially because when you don't follow laws like these correctly you could be in a bad situation. In addition, I think that the antitrust laws, would be difficult to understand, as it is harder to have an exact set of rules when it is dealing with fair competition in a market, since it would be market specific, you would have to be very careful that your knowledge is correct. In order to make these laws less intimidating, I would take it one area at a time. First, when thinking about the tax laws, I would find out each area that a business has to pay tax in, and how they figure out how much they owe. When it comes to antitrust laws, I would look at some of the most common general markets, and how they regulate fair competition. Bankruptcy laws are also involved with financial laws, these are fairly simple. When a company files for bankruptcy and is declared bankrupt, they are unable to pay their creditors due to their legal condition. In other cases, a business would simply be given time to reorganize financially, and attempt to keep their business afloat.

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