When it comes to business, many things are off-limits to the government. As long as you’re not doing anything illegal, you’re free to do what businesses have been doing for millennia—work hard, make money, and treat your workers well. Plenty of companies break these rules and get away with them. Suppose you want to avoid the potential penalties by staying legal or don’t like corporate America. In that case, a whole world of small businesses works on a personal level—something they call ethical entrepreneurship.
It all starts with honesty. It’s a noble thing. It is one of the most critical aspects of the business. If you don’t tell the truth, your company will lack profit, and you won’t gain clients. The legal system requires all businesses to give full disclosure about their products and services, as well as everything they do. If they don’t, they could go out of business or be sued by the government, so any industry worth its salt knows the law:
There are many ways to stay honest. The first is to make sure your business practices are fair. Treat all customers with respect, and don’t lie or mislead people as a way to get their money. This isn’t just legal, and it’s good shubhodeep prasanta das business. Treating people right also means paying employees fairly and giving them good working conditions and health care benefits.
Another great way, to be honest is by being transparent and open with your company’s finances, especially with the government’s tax collectors—the IRS. They will guide you on how to do so in Form 1120-W, called Tax Return for a Small-Business Corporation. Some books and websites can help you with this, such as:
In conclusion, honest business is a system that puts the good of all first. Being honest is suitable for your company and your customers. Knowing that you’re doing the right thing will give you peace of mind. And if you ever get in trouble with the law, it will be much easier to plea bargain with prosecutors who know you’re playing fair. The legal system isn’t designed to go after honest people, but it’s meant to protect them from those who would take advantage.
