123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Business Law - A Guide To Understanding Business Law In The U.s.

By Author: Steve Manningham
Total Articles: 9

A quick guide to the basics of business law in the United States. Business law consists of multiple areas of law dealing with the interactions between a business, its employees, the government, the public and other companies. A few basic areas of law that businesses have to deal with are: contracts, corporations, tax, intellectual property, and employment law in addition to many others. Business law attorneys typically specialize in transactional work, meaning that they do not litigate or represent clients in court. Attorneys in the business law field are actually hired to avoid future litigation. Depending on what type of business you form will determine whether the law treats your business separate from you as a person. Individual liability will then be created as if the business was never there or liability will be put on the business as its own separate entity. Some commercial transactions are within the ability of the business owner to handle on their own. Others are not, especially when a deal touches on a complicated and evolving area of the law such as securities regulation or internet-commerce. The more heavily-regulated the industry, the more companies will rely on their general counsel to research the newest laws on the issue. Attorneys who practice in this area are experts at structuring transactions to minimize the company's exposure to litigation. Simple tasks such as updating your privacy policy routinely through a lawyer will save companies millions. Unfortunately, most businesses and even more so small business, do not take the time to hire an attorney to give objective advice on how best to legally protect themselves and their business. As we live in the growing age of the startup, many more entrepreneurs are leaving their companies or starting their own business. Yet, one of the biggest pitfalls of many startups is the lack of knowledge and preparedness in the areas of business law. It is paramount that a business is set up to protect themselves from the onset of formation against possible litigation or other legal liabilities, that in the future could come back and bite them, and bite them hard. So hard, that they may risk having to shut down. No matter how small your business is or not, consulting with an experienced business attorney about any business law matter big or small is highly, highly suggested. You will save more time, more money, and at minimum have the peace of mind you need when it comes to business legal.

Total Views: 88Word Count: 411See All articles From Author

Business Articles

1. A Simplified Way Of Registering Trademark In China
Author: Vincent Qin

2. Starter Culture Market Size, Share, Trends And Growth Analysis, Industry Forecast To 2025 By Credenc
Author: Chris Smith

3. The Various Types Of Water Pumps Available
Author: Gbenga Kukler

4. Five Ideas For Publishers To Help Their Advertisers
Author: MichaelDavidWilson

5. Webrtc Market Size, Share, Trends And Growth Analysis, Industry Forecast To 2025 By Credence Researc
Author: Chris Smith

6. Medicine Degree From The University
Author: slimlifesolutions

7. Travel Agency In Africa – It’s Time To Receive Customized And Budget Friendly African Holiday Packag
Author: Sandy Russell

8. Avail Customs Broker Us Border Services For Smooth And Speedy Transit Of Your Goods At The Us Ports
Author: adkenkaylyn

9. Food Containers Market Size, Share, Trends And Growth Analysis, Industry Forecast To 2025 By Credenc
Author: Chris Smith

10. Denied Party Screening – The Toughest Measures You Can Take
Author: Fred Danny

11. Heart Valve Devices Market Size, Share, Trends And Growth Analysis, Industry Forecast To 2025 By Cre
Author: Chris Smith

12. Grants Pass Eye Lash Extensions
Author: loftybeautylounge

13. Top 5 Cleaning And Maintenance Tips For Commercial Kitchen Equipments
Author: Meenakshi Jain

14. Key To Purchasing Some Of The Best Seneca Sc Homes For Sale By The Lake
Author: Joseph Atkins

15. Chia Seeds Market Trends And Growth Analysis, Industry Forecast To 2025 By Credence Research
Author: Chris Smith

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: