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Antitrust laws can affect your business

America is often called the land of opportunity, where a person can arrive with nothing but the shirt on his or her back and become a millionaire. While the American Dream may be growing more and more elusive, there will always be an opportunity for entrepreneurs and investors to start a successful business, thanks to the laws surrounding business in our country. Many business laws are specifically designed to ensure competition and encourage an open market of commerce.

Of course, if you are hoping to start a business, or even if you already run a successful business, you must take these laws into consideration. One example of a business law that prevents a corporation or business from having too much power over the market is an antitrust law. Such laws exist to prevent or discourage actions that would put too much power into the hands of one business, often by disincentivizing mergers or acquisitions that would reduce or eliminate competition.

Proper knowledge of antitrust laws is often particularly important for business owners in the Melbourne, Florida area, because our city is relatively small, despite the healthy economy. There are many Space Coast residents who come to the Melbourne area to shop, but a few key mergers could allow a small number of businesses to dominate the city. If a merger is in violation of Florida's antitrust laws, then a state attorney could take legal action against the business owner that would punish the business owners with fines. Alternatively, other businesses or even private consumers could take similar legal action.

If you operate a business in the Space Coast area, or if you are considering starting a business in the area, it is imperative that you familiarize yourself with Florida's business laws, including antitrust laws. You may wish to contact an attorney who is familiar with business laws in the state so that you can gain critical insight into these laws and how they might affect you.

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