In order to protect a company, there is a need to be familiar with common legal issues in the industry. Also need to know how to supply the correct legal forms to vendors as well as customers.

Identify a legal form that is necessary for a small business.

What impact does this form have on the business?

What would happen if a customer or vendor did not comply with the form?

Where can a small business go for more information about this type of form?

Please provide reference to whatever is discussed.