Explain to a business owner, or a party considering going into business, the importance of having an understanding, at least in general terms, of particulars of Canadian law that interest you and that may affect the success of the business.

Use at least four different examples of potential business scenarios that will have a better outcome if the principal party or parties ( ie. a business owner or a potential business owner ) informs himself, or themselves of the applicable, relevant Canadian law in advance of taking decisions. Give emphasis to the benefits that will arise from being informed of Canadian law to enhance the business scenarios, perhaps from the perspective of cost, or risk management or social utility or any other objective that you consider important. Write in formal English as you would to a business client or professional person. 

Make sure is correct legal citation if you cite ideas from reference or resources.