Business law is surrounded by all the laws that indicate how to run or began a business. This includes all of the laws that govern how to start, buy, manage, close or sell anything or any type of business. Business law states the rules that any businesses should follow
Types of Business are solo, proprietorship, partnership or a limited liability company. Each one of theses entities has different tax structures and legal implications
The importance of Business law is understanding how to intertwined business transactions are with society, with any regulation or legal rights that affect employers, employees and consumers as well as how businesses interact internationally.