An Overview of Online Business Law

July 21, 2015

in Stay in Compliance

Authored by Zubin Mowlavi

An Overview of Online Business Law

Doing business online within the United States comes with notable legal and financial considerations, particularly regarding privacy, taxation, copyright and security. Regulations for conducting business online apply mainly to retailers and other businesses that perform consumer transactions through collecting customer data.

The US Federal Trade Commission (FTC) is the primary federal agency regulating e-commerce activities, including use of email, online advertising and privacy. The FTC’s E-Commerce Guide provides an overview of these e-commerce rules and regulations.

Protect Your Customers’ Privacy

Most companies and online entities collect and retain sensitive personal information from their customers and employees such as names, addresses, social security numbers, credit card numbers and other account information. Protecting personal information can help you avoid legal problems. Depending on the type of data you are collecting, and who you are collecting it from, you may be subject to federal and state privacy laws.

  • Selling Internationally/Exporting: Offers information to retailers participating in the global economy via the Web. If you are going to ship your products overseas, you need to be familiar with these basic exporting rules and regulations.
  • Identity Theft: How to protect your customers’ personal information against identity theft, and your responsibilities when one of your customers becomes an identity theft victim.
  • Computer and Information Security: Find out how to not only protect your company’s computer systems, but the sensitive information contained in them.
  • Using Consumer Credit Reports: If your businesses uses credit reports to extend credit to your customers, there are rules and regulations you must follow to ensure privacy of credit information.
  • Privacy Laws: Learn how the Federal Trade Commission enforces companies’ privacy policies about how they collect, use and secure consumers’ personal information.

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