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LAW (BUSINESS LAW) - Coggle Diagram
LAW (BUSINESS LAW)
Types of law
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Employment law
Definition
The relationship between workers, employing entities, trade unions, and the government.
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Tax law
Definition
Body of rules under which a public authority has a claim on taxpayers, requiring them to transfer to the authority part of their income or property.
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Function
The formal process of establishment of a business organization and regulations related to the selling of corporate entities.
Regulations about employee rights and privileges, workplace safety, overtime rules, and minimum wages law.
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Related to business ethics, substantive law, procedural law, court system structure.
Related to business partnerships, entities, sole proprietorship, liability companies, and corporations.
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Definition
Business law is the legal rules and regulations governing businesses and commercial transactions. It includes laws related to contracts, intellectual property, employment, taxes, and more.