Business Law-Meaning and Importance

Business Laws include all the laws that are used for governing and running the business. It establishes rules that should be followed by businesses. Business Law is considered to be a branch of civil law as it includes public law and private law. Business Law include state laws, federal laws, and administrative regulations. These laws includes conditions on how to start a business, buy, manage, sell, or close a business organization.

The study of Business Law is essential as it assists professionals in gaining knowledge about business ethics which is used in running a successful business. Running a business with license and registration is vital for every firm. The course of Business Law helps in understanding legal issues that are linked with operating a business. It helps the business in obtaining a Copyright Protection and Federal Trademark.

Business Law Subjects-An Overview

  • Business Organizations
  • Managing a Business
  • Starting a Business
  • Buying a Business
  • Ethics
  • Tax Law
  • Contract Law
  • Competition Law
  • Mergers & Acquisitions
  • Commercial Law
  • Bankruptcy
  • Tort Law

Possible Career Options

The study of business law is compulsory for every management graduate when he wants to open up a new venture or join service as a manager.

  • Business Lawyer
  • Paralegal
  • Finance Analyst
  • Actuary
  • Loan Officer
  • Corporate Attorney
  • Corporate Counsel
  • Human Resources Management
  • Accountant

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