Business Laws

Business laws refer to the law that applies to business entities, such as partnership and
corporations. Business law regulates the business and bound it to follow the existing policies
of business world. This is relationship between businessman (corporations or all over the
world) and the country that everything will go no under the rule and regulation. Business
law governs the transaction between businesses. Business law includes business formation,
litigation, contract, mergers and acquisitions, commercial leasing, and consumer protection.
This law deals with primary with the definition of rights and responsibilities, overlapping
issues. The Uniform Commercial Code (UCC) is the primary governing authority for
commercial transactions. (Ross law Texas Attorney1998).

Law Dealings in workplace

1. Contract Law
A business contract is one of the most general legal transactions you will be involved in
when running a business. No substance what type of business you run, having an
understanding of contract law is a key to creating sound business agreements that will be
legally enforceable in the event that a dispute arises. Following is a discussion of the law of
contracts.
2. Employment Law
Workforce organization is among the most difficult tasks for business owners, from the
hiring process and wage issues to workplace safety, discrimination and the termination of
employees. Employment law covers all rights and obligations within the employer-employee
relationship — between employers and current workers, job applicants, or former
employees. Bennis, W. (1994) Many of these issues are governed by applicable federal and
state law. Basically, employment law explores the safety of working people in an
organization as well as explains responsibilities of workers.
3. Environmental Law
Protecting the environment is a serious matter, and the EPA and other federal and state
enforcement agencies do not hesitate to prosecute individuals or companies who violate
the myriad of laws and regulations that prohibit actions which adversely affect the
environment. Follow up Environmental Law is very important for the protection of business
it shows to remove the element from business which are harmful for people lives around
the business properties.
4. Insurance and Liabilities
There are a variety of small business insurance plans available to protect you, your business
and your employees from devastating financial loss. Going into business is an inherently
risky proposition, but that doesn’t mean you have to roll the dice unprotected.
Liability Insurance

 General liability insurance

 Professional liability insurance
 Workers’ compensation insurance
 Auto liability insurance
 Umbrella liability insurance
 Disability insurance
Property Insurance
5. Tax Law
This overview provides some basic information on business form and federal taxation. There
are other options and details that apply to each form of business. For example, a limited
liability company may choose to be treated as a corporation for tax purposes because it
provides advantages in terms of deductions that a partnership tax status does not. This
chart should help you understand the basics and prepare you for a meeting with your
attorney who is equipped to help you decide what business form is best suited to your
personal tax situation.