Business law governs business and commerce in both the private and public sectors. It provides a legal framework within which businesses are created and organized as well as how everyday business is conducted.
Business law covers a wide variety of areas relating to the
law of agency, corporations, partnerships, limited partnerships, franchises, and limited liability companies. |
Business law involves such issues as asset transaction, closely held corporations, shares and stockholders, directors and officers of corporations, partnership dissolutions, franchise relationships, property management duties and liabilities, mergers and acquisitions, securities, and antitrust issues. Before taking any action in creating, altering, or dissolving any aspect of a business or partnership, it is highly recommended to seek legal counsel from a licensed professional before making any decisions regarding your business. |