Legal myths about small business law abound, ready to confuse, mislead, and even damage you if you rely on them. Like many myths, there is often a grain (or more) of truth to the common bits of not-quite-correct small business law wisdom you encounter. However, being able to differentiate between the falsehoods and the good advice these myths convey isn’t always easy, and may require you to seek advice from an expert.
There are some commonly repeated myths you can use to better understand the legal environment surrounding small businesses today. Here are 10 of them.