Legal Factors Affecting Business

 

Legal factors affecting business

Student’s Name:  Alejandro Sánchez Villanueva

 

INSTRUCTIONS: After reading the introductory paragraph below, write a definition of each of the  aspect presented.  

When business companies operate, they expect to face different internal and external  factors that can affect their organizational operativity. Among all these factors, legal ones might greatly  influence business organizations and affect how a different companies operate. There are several legal factors that affect businesses in many forms, including laws and regulations on taxation,  employment, contract, securities, immigration and many more. The law affects the way businesses  operate. That is the reason why any business should have a clear understanding and knowledge of  the legal environment in which business organizations have function because these factors may  determine its success or failure.

 

DEFINE IN DETAIL.  

What is Organizational Law?

It is the legal aspect that is related to the creation, administration and dissolution of businesses. There are several ways to organize a business. Each type of business structure also has its own advantages and disadvantages.

 

What does Employment Law refer to?

The Labor Law encompasses the rights and obligations of workers and employers, given that labor relations can lead to a wide range of situations, the reimbursed text of the Employment Law is extensive.

 

How are Consumer laws defined?

The purpose of this law is to promote and protect the rights and culture of the consumer and to seek equity, certainty and legal security in relations between suppliers and consumers.

 

What is Securities Law?

Securities law (or Capital Markets law) is the group of laws and regulations that govern the issuance of securities.

The laws exist in order to make sure that public investments are fair to everyone who might invest in the company.

 

What does Health and Safety at the Workplace refer to?

It refers to all the protection measures that a company must have to guarantee the health and safety of employees, it must have the necessary equipment and service to prevent any inconvenience.

 

What is Taxation?

Imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well.