ECommerce will not be new to the world however it’s relatively new to Sri Lanka. Earlier than someone begins any business, they should know the codes, laws, and terms of reference. Enterprise regulation applies to all types of businesses whether or not it is a corporation, a sole proprietorship, or an organization. The regulation requires that every one firms and companies have to be registered and commerce inside the legislation. When someone trades in unlawful goods, they’re required by the legislation to face trial. The codes of commerce must be enforced absolutely and that every businessman understands what they mean. Enterprise regulation phrases are difficult to understand therefore there’s generally a necessity to rent a lawyer to interpret the message and be certain that the consumer know what every enterprise paperwork entail. At times, some companies may wish to trade with different firms and need advice from their lawyers and different business professionals on the proposed plan. Business regulation also can cover issues equivalent to privateness, copyright and points involving tax.