About business law

Business law exists to assist businesses and business owners in their interactions with other companies and the public. This broad area of law is vital in regulating business practices, resolving disputes, maintaining order, and protecting liberties and rights.

Legal importance

These laws are important because they encompasses the formation of new businesses and any issues that arise during the course of its operational life.

Businesses are viewed as separate entities and therefore subject to their own set of rules. These rules, which exist to provide fair opportunities in the marketplace are also legally enforced in a court of law. They exist to:

• Resolve compensation issues
• Safeguard and protect the rights of its shareholders
• Provide foundational elements of a business’ formation (leasing, permits, processes, etc.)

Functions of business law

To better understand this topic, here is a sample of significant functions that fall under the business law umbrella:

• Ethics (business ethics, court system structure, procedural law, substantive law, etc.)
• Taxation
• Competition and antitrust
• Regulations (employee rights and privileges, minimum wage laws, overtime rules, workplace safety, etc.)
• Environmental impacts (regulating pesticides, chemical usage, pollution, etc.)
• Formal sale of corporate entities
• Corporate structure laws (entities, limited liability companies, partnerships, sole proprietorships, and corporations)
• Assignment (rights, drafting, delegations, breach of contract, transactions, contracts, violation penalties, etc.)
• Real property laws
• Technology (overall impact of computer technology on other business domains)
• Bankruptcy and governance of securities

Examples of business law

Although this area of law is very broad, some of the most common examples of application are:

• Contract drafting, negotiations and/or litigation
• Business formation and dissolution
• Employment law
• Tax law
• Contract drafting, negotiations and/or litigation
• General operation issues (intellectual property, antitrust, bankruptcy, real estate, sales, employment)
• much more

Sacramento business law lawyer

When you hire the Fraser Law Firm, P.C. to handle your business law case, you can rest assured that you’re getting the best and most effective representation. We have the knowledge, experience, and skills to successfully fight to protect your rights.

Every client matters. Whether your case is large or small, you will receive expert advice, guidance, and attention from an experienced attorney who will ensure that your rights are protected and that your case is handled professionally.