The following are some important legal and compliance considerations for people who are running a business.

Risk management
The risk management process is the series of steps that enable initial and continual review of  risk, and help to ensure that the business is on-track for meeting its objectives. 

Intellectual property
Intellectual property (IP) is recognised as a valuable asset and an important element of the growth strategy for small businesses.

Legal considerations
If you are engaged in commercial activity of any kind, you will be well aware of the speed at which change can occur, whether through economic, technological, legal or other means. 

The Small Business Tool Kit’s run module contains further information about some of the legal and compliance issues you need to think about. For a detailed explanation of the legal issues you may encounter as part of operating your business, check out the legal module in the Tool Kit.