Law affecting business
Law Affecting Business
Table of Contents
Introduction
4
Sources of Law
5
Laws affecting Business’s
8
Government Taxation affecting Busniess’s
16
Purpose of Taxation
23
Conclusion
25
Introduction
Any system of regulations to govern the conduct of the people of a community, society or nation, in response to the need for regularity, consistency and justice based upon collective human experience is called law. In addition, business law encompasses the law governing contracts, sales, commercial paper, agency and employment law, business organizations, property and bailment. Other popular areas include insurance, wills and estate planning, and consumer and creditor protection. Business law may include issues such as starting, selling or buying a small business, managing a business, dealing with employees, or dealing with contracts, among others. Business Law is a set of policies that standardize an individuals’ demeanor and business within the society. The purposes of the regulations are to keep peace the in workplace and to shape the moral standards and preventing the forceful issues in the bureaus’ environment. Each organization has the responsibility to respect individuals’ rights in his or her operation, which is the reason many organizations have implemented a code of conduct. A code of conduct can be used to represent the policies and procedures set within the organization and employees. Here we will discuss about some common aspects of laws and business laws.
Sources of law
Sources of law are the materials and processes out of which law is developed. In modern national states, the sources of law come either from the written law or the unwritten law. Federal, state and local government, constitutions and treaties all establish laws. So do court decisions. Constitution of every country specifies how that country’s government must operate and it is the foundation of law. Constitutions provide the framework for the various
Table of Contents
Introduction
4
Sources of Law
5
Laws affecting Business’s
8
Government Taxation affecting Busniess’s
16
Purpose of Taxation
23
Conclusion
25
Introduction
Any system of regulations to govern the conduct of the people of a community, society or nation, in response to the need for regularity, consistency and justice based upon collective human experience is called law. In addition, business law encompasses the law governing contracts, sales, commercial paper, agency and employment law, business organizations, property and bailment. Other popular areas include insurance, wills and estate planning, and consumer and creditor protection. Business law may include issues such as starting, selling or buying a small business, managing a business, dealing with employees, or dealing with contracts, among others. Business Law is a set of policies that standardize an individuals’ demeanor and business within the society. The purposes of the regulations are to keep peace the in workplace and to shape the moral standards and preventing the forceful issues in the bureaus’ environment. Each organization has the responsibility to respect individuals’ rights in his or her operation, which is the reason many organizations have implemented a code of conduct. A code of conduct can be used to represent the policies and procedures set within the organization and employees. Here we will discuss about some common aspects of laws and business laws.
Sources of law
Sources of law are the materials and processes out of which law is developed. In modern national states, the sources of law come either from the written law or the unwritten law. Federal, state and local government, constitutions and treaties all establish laws. So do court decisions. Constitution of every country specifies how that country’s government must operate and it is the foundation of law. Constitutions provide the framework for the various