Business law

Locally Based And Trusted In Houston For Over Years. What is the business law? Corporate law (also known as business law or enterprise law or sometimes company law ) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations. Commercial law , also known as mercantile law or trade law , is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales.

Simply put, it is any activity or enterprise entered into for profit.

Forms of business ownership vary by jurisdiction, but several common entities exist: 1. Sole proprietorship: A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner operates the business alone and may hire employees. A sole proprietor has unlimited liability for all obligations incurred by the business , whether from operating costs or judgments against the business. Accounting is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.

Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management.

Manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation.

The efficient and effective operation of a business , and study of this subject, is called management. Most legal jurisdictions specify the forms of ownership that a business can take, creating a body of commercial law for each type. Transactional law refers to the practice of law concerning business and money. Company law sprang from the law of trusts, on the principle of separating ownership of property and control.

A business plan is a formal written document containing business goals, the methods on how these goals can be attaine and the time frame within which these goals need to be achieved. In the United States, the acquisition of an LL. A number of schools have combined J. This area of the law draws on a variety of legal disciplines, including tax law , intellectual property, real estate, sales, employment law , bankruptcy, and others. It deals with new business creation and also with the existing business issues with an individual, other organization and government. Documents review and draft, will, suspended license, consumer employment and more!

Trust law ( business Law ) sets out the rules for money that is put into an investment, such as pension funds that people save up for their retirement. It involves many different types of law , including administrative and property law. Tort law helps people to make claims for compensation (repayment) when someone hurts them or hurts their property.

The law covers workers in the public and private sectors, and also includes contractors, trainees, agency staff, former employees and job seekers. There are two forms: cash-flow insolvency and balance-sheet insolvency. In common law countries (including the United Kingdom, United States, Canada, Australia and New Zealand), the term case law is a near-exact synonym for common law.

It is used for judicial decisions of selected appellate courts , courts of first instance , agency tribunals, and other bodies discharging adjudicatory functions. When we talk about business law , we're talking about the laws that cover every aspect of starting, running and closing a business. It is written and its principles are applied.

Whenever disputed of similar nature arrives. Business law is a wide-ranging area of the law. This practice is known as deciding cases by precedence. COMPANY LAW - LECTURE NOTES I. INTRODUCTION TO INCORPORATION 1. A human being is a natural person. Once a Contract is Signe We can Handle the Conveyancing Process Until Completion.

A company is a legal person.