Business law encompasses all of the laws that dictate how to form and run a business this includes all of the laws that govern how to start by manage and close or sell any type of business .

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Business law


Business laws established the rules that all businesses should follow a savvy business person will be generally familiar with business laws and know when to seek the advice of a licensed attorney business law includes state and federal laws as well as administrative regulations let's take a look at some of the areas included under the umbrella of business law.

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Much of business law addresses the different types of business organizations there are laws regarding how to properly form and run each type this includes laws about entities such as corporations partnerships and limited liability companies for example let's say i decide to start my own pet grooming business i need to decide what type of business i want to be will this be a partnership will it be a sole proprietorship what papers do i need to file in order to start this business these questions fall under the laws that govern business entities which are state laws the type of entity .


I pick will also affect how i pay my federal income taxes these of  
are federal laws next what will my business be called let's say i decide on barks and bubbles as a name for my dog grooming company now i need to know if anyone else already has that name this is a trademark question patents copyrights and trademarks are part of intellectual property law the federal law governs most intellectual property law.

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Then i need to know if i'll require any special type of license for this business do groomers need a license am i allowed to have animals on my property or do i need some sort of special permit on to check my local and state laws to find out how will i advertise my business am i allowed to say that i'm the best in town this question falls under consumer protection law which can be federal or state law wow that's a lot of business law and i'm not even open for business yet now let's say i decide to buy a business instead i'm going to buy patti's pampered pooches from my aunt patty.

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There are many business laws that govern how to buy a business if i buy patty's business do i now own the actual store this is a real estate law question do i own the pet grooming equipment in the store this is a property law question both of these fall under state law am i now the boss of patty's employees this is an employment law question can i start hiring my own employees and ordering supplies .

This will involve contract law since i'll be making new agreements with people regarding my business and determining which of patty's agreements i need to uphold contracts are legally binding agreements made by two or more persons enforceable by the courts businesses are involved in many different types of contracts and as a result there are many interesting cases involving breach of contract a breach of contract is when one party doesn't hold up his or her end of the bargain .

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It's common for parties to dispute the terms of a business agreement or disagree on how the agreement should be performed for instance consider the famous case of loc versus warner brothers incorporated sondra locke was a longtime girlfriend of clint eastwood when the two broke up locke sued eastwood for support as a part of their settlement eastwood negotiated a contract for locke with warner brothers locke .

Was given a directors contract where warner brothers would pay locke for any projects she directed or produced locke proposed more than 30 projects but warner brother never hired her she sued warner brothers for breach of contract saying that warner brothers never intended to hire her in the first place after a court ruled that locke had enough evidence to proceed with her case.

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The parties settled this case demonstrates the importance of making good contracts a wise business person will be sure to enter contracts with a good understanding of the content and a good faith interest in upholding the contract there are many laws that concern managing a business because there are many aspects involved in managing as you can already see running a business will involve a lot of employment law and contract law for my new business.

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I'll need to know how to hire what my contract should look like what kind of benefits i have to provide how to pay employee insurance and taxes and even how to properly fire an employee many of these employment and benefit laws are federal laws and regulated by government agencies for example the equal employment opportunity commission is a federal agency that enforces employment discrimination.


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