What Constitutes Business Law?

Running a business or being involved in a corporation can be a very complicated and stressful experience. One component of this is the fact that there are numerous laws and legal restrictions you must abide by. Many of these regulations fall under the term “business law”. By better understanding what business law entails you are better able to take measures for the legal advancement of your organization.

The following are aspects of business that can fall under legal restrictions, making them important components of business law:

  • Exporting and Importing: If you will be working with customs and international business law in the United States and throughout the world it is important you understand the legal restrictions surrounding this practice.
  • Carrying products over land and sea: If you will be shipping or transporting good across the country it is important you are doing so with an understanding of how transfer laws can negatively and positively impact your methods.
  • Distributing consumer goods: There are many laws surrounding who you may sell and market to depending on the specific products you manufacture. If you are not practicing with an awareness of these restrictions you could lose your business.
  • Manufacturing consumer goods: Depending on your product there can be many laws determining what materials you use, how your goods must be made, and more.
  • Hiring and employment practices: Employment law is strictly enforced; from non-discrimination in hiring to proper compensation for workplace injury, there are many factors of employment law that significantly influence your business.
  • Operations of corporations: Because corporations are public entities they have a unique set of restrictions and obligations to follow from that of other business types.
  • Partnerships and mergers: Partnerships and mergers require legally binding agreements to be reached by multiple parties, usually in the form of contractual decisions.

If you are a business leader it is important you seek the assistance of a legal professional who will help you with the above endeavors while also helping you work towards your business goals and interests.

Business Laws That Need To Be Known Before Starting A Business

It is essential to know about business laws before starting a business, as it will help you operate your business without hindrances or any trouble. It is better to seek the expert guidance of an accountant and an attorney to learn about the latest business laws that will affect your business.

Business Laws You Need To Know Before Starting a Business:

Business structure laws: There are different laws for different business entities. So make sure you learn about the business laws that govern the kind of business entity that you choose to start, Corporation, if its a C, S or closed Corporation, or an LLC or LLP, Sole proprietorship etc. These are very important business laws you need to know before starting a business.

Zoning Laws:

It is essential to know about zoning laws, as certain zones are restricted. It deals with the kind or type of business allowed in certain areas, how the land surrounding a business is used, signboards advertisements, parking etc.

Licensing Laws:

In order to operate a business certain licenses are required and these are some important business laws you need to know before starting a business. If a business operates without these licenses, it may be illegal and the business may be dissolved or forced to close.

Trademark and Patent Laws:

These are laws that deal with ownership; intellectual property rights, inventions etc. are necessary to protect the business.

Employment Laws:

These are laws regarding the hiring and firing of employees, their rights, compensation, safety and work place discrimination and child labor laws, overtime pay structure, disability laws and unemployment laws etc.

Tax Laws:

This section deals with filing of tax returns and depends on the kind of business entity and the State the business operates in, sales tax, franchise tax, income tax and other state and federal tax requirements of a business these are very important business laws you need to know before starting a business.

Environmental Laws:

This law is enforced for the discharge of hazardous waste and recycling laws pertaining to the business.

Health Department Permits:
Is necessary if your business deal with food products to get permits to operate your business.

Fire Department Permits, Air and Water Pollution Control Permits: There are certain laws that certain kinds of business entities have to get permits from these departments to operate.

These are just a few basic business laws you need to know before starting a Business. It is necessary to take precaution that you are not violating any law by operating your business and that all the necessary permits and licenses are obtained from the appropriate authority.
There are firms that offer their services and products to help make the process of starting and running a business very simple and easy.

History Of Business Law Degree

It has been told that Doctor Juries is the first person to be awarded a professional degree and doctorate in the Business law degree professionally.

In the United States the degree was for the first time awarded in the Harvard University.

This took place in the 19th century, which was found to be similar to the Business law degree of an old European doctor.

The scientific study of law which originally originated from the 19th century in Harvard was the only degree of law that had a goal of an elementary preparation for professional business lawyers.

It only had a three year program and it was the only program which was professional in law in that particular time, in that jurisdiction.

Let’s take like for instance in Canada and the United States of America, a professional degrees such as D.D.S, D.O, M.D. and like many others the thesis were not very much required.

Primarily the degree only existed in the USA, not until the early years in the 1997; it happened that most of the other universities around the world in other countries appear to have started using it for the very first time.

In each and every country, Business law degree has its unique way of being practiced.

With a touch on the history as we all know, every thing that has an existence or once existed in this world it must have a historical aspect of it, lets have a little of an over view of the first time of the original roots of the Business law degree.

The foundations first started its existence in the 11th century in the European universities which was referred to as glossators which were the schools of law.

Bologna was the first university in Europe which was founded as a law school and later in the 12th century became very popular with in the legal scholars.

These were the students from the Glossator School which was within the city. The Bologna University was the model university which severed as medieval during those days.

During those days, it was very common for the students who studied law to visit other countries to study.

But like in the Great Britain this was not the case because of the rejection of Roman law but with an exception for the Admiralty court which had a jurisdiction.

This was so until after the reformation of English, the Cambridge and the Oxford University did not teach the canon law.