The banking and financial industries are heavily regulated by both state and federal law. These laws impose reporting requirements for banks and other financial institutions, govern securities and other transactions, and regulate taxes. In addition to affecting banks, banking and finance laws often play a large role in mergers and acquisitions of corporations, stock purchases and investments by both individuals and companies, and tax audits of bank accounts. Many people find the need to get a legal help with banking and finance laws when forming new businesses. There are many laws, contracts, and regulations that may dictate how new businesses spend and account for investment funds. That's why many small businesses and startups find the need to hire a lawyer from the beginning to ensure compliance with all legal rules.