It may seem like a distant memory, but there was a time in the past when all goods needed to be bought and sold from physical locations. Today, the Internet has become a lifeline for most businesses, as customers shop more and more from the comfort of their own home. This means that e-commerce laws have significantly developed in just the last decade says Alla Zagrebelsky, a Tampa business attorney. If you are part of an ecommerce business, it’s vital that you stay current with the latest e-commerce law chances to avoid any legal trouble down the road.
Tax, or no tax, and how much? The state of Delaware may be famously tax-free, but not many others are. How do you dictate sales tax, assuming that your customer is from Texas but your company is based in Connecticut? The answer lies in the organization of your company. If you have a physical presence in the state where your customer is located, then the sales tax of that state must apply. However, if your company does not have a physical location in the state from which your customer is ordering, the customer pays no tax.
Congress and state governments are currently trying to determine how tax should be handled on the Internet moving forward. The last decision was made in 1992, so it’s only a matter of time before the rules of the game change once again.
Electronic Signatures and Contracts
When a customer buys something in a store with a credit or debit card, he either must enter his PIN number or sign his name on the receipt. This is done for the sake of preventing identity theft and fraud, but again, the Internet changes those capabilities. In 2000, electronic contracts became a legally acceptable way of replacing handwritten signatures during online transactions. Known as an e-signature, this method saves businesses a great deal of money and helps streamline purchases significantly.
The other laws involved in e-commerce are nearly limitless, so it’s best to contact an ecommerce internet lawyer in this area of expertise to ensure your company is not unknowingly committing illegal e-commerce infractions.