Legal factors affecting business

 Legal factors affecting business


Student’s Name: Judith Gonzalez Cardona


NUA: 117532


  • What is Organizational Law?

    • It refers to the multiple ways that a business may be legally formed under the state laws, for example they can be formed as partnerships, limited liability companies, etc. Since all businesses come with a specific set of tax, management and liability - choosing the right type of organization for a business depends on different factors. (Findlaw, 2020)

  • What does Employment Law refer to?

    • Employment law infolves the state and the federal laws that protect a workers rights, it helps prevent discrimination and promote a safe work environment; it governs the employer-employee relationship and some examples of it’s goals are:

      • Prevent discrimination

      • Promote health and safety 

      • Establish a minimum required level for economic support

      • Prevent work disruptions 

(Study, 2021)

  • How are Consumer laws defined?

    • Since they involve all the regulations and statutes that try to create a balance for buyers in the marketplace, they are defined as the rules that prevent sellers from using dishonest tactics (like prohibiting false advertisement, imposing product safety measures, protecting consumers information, etc.) (Findlaw, 2020)

  • What is Securities Law?

    • A security law refers to an investment in business, it takes the form of shares of stock, bonds, package of loans or mortgages offered for sale by a financial institution or instrument. They can be part transactional and part litigation but both state and federal laws regulate the issuance of securities. (GeorgeTown, 2021)

  • What does Health and Safety at the Workplace refer to?

    • Health and Safety at the workplace is about promoting positive wellbeing, in terms of comfort, happiness and contentment and not just about the prevention of illnesses and accidents - this system also places serious responsibilities on the employers/owners. (Phoenix, 2021)

  • What is Taxation?

    • It refers to the imposition of compulsory levies on individuals or companies/entities by the governments, they are applied in almost every country to exist and raise revenue for government expenses as well as serving other purposes. (Britannica, 2021)

Sources

  1. Britannica, 20201. Taxation. Retrieved January 6, 2021 from: https://www.britannica.com/topic/taxation

  2. Findlaw, 2020. What is Business Organizational Law?. Retrieved January 6, 2021 from: https://www.findlaw.com/hirealawyer/choosing-the-right-lawyer/business-organization.html

  3. Findlaw, 2020. What is Consumer Law?. Retrieved January 6, 2021 from: https://www.findlaw.com/hirealawyer/choosing-the-right-lawyer/consumer-law.html

  4. Georgetown, 2022. Securities Law. Retrieved January 6, 2021 from: https://www.law.georgetown.edu/your-life-career/career-exploration-professional-development/for-jd-students/explore-legal-careers/practice-areas/securities-law/

  5. Study, 2021. An Introduction to Employment Law.  Retrieved January 6, 2021 from: https://study.com/academy/lesson/what-is-employment-law-an-introduction-to-employment-law.html

  6.  Phoenix, 2021. What is meant by health and safety in the workplace?. Retrieved January 6, 2021 from: https://www.phoenixhsc.co.uk/blog/meant-health-safety-workplace.html

Comentarios

  1. Cecilia Massat6 de enero de 2022 a las 20:43

    I really liked the way you explained mental safety within the well-being of everyone in the organization. I think we always focus more on whether a person's physical condition allows them to work, leaving aside their mental health. Very good point.

    ResponderEliminar
  2. Cinthia Segura Pérez6 de enero de 2022 a las 21:04

    I agree with some of your answers. I believe that Employment Law is very important to ensure a good relationship between the employer and the employees, as well as between employees since many times a few injustices occur and those affected by lack of knowledge of this law end up ignoring the situation, therefore, companies should also train them and inform them about their rights.

    ResponderEliminar
  3. The new business of virtual currencies by Christofer7 de enero de 2022 a las 16:20

    health comes first, it is critical that employees have the comfort and safety that are protected by law. good topic.

    ResponderEliminar

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