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The Difference Between Corporate And Business Law

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There is a huge difference between corporate and business law; the main difference is that corporate law refers to the body of law that focuses or how people form and manage corporate entities. – PowerPoint PPT presentation

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Title: The Difference Between Corporate And Business Law


1
The Difference Between Corporate And Business Law
2
There is a huge difference between corporate and
business law the main difference is that
corporate law refers to the body of law that
focuses or how people form and manage corporate
entities. Business law, on the other hand, refers
to a general category that covers a wide array of
laws ranging from contracts, employment law,
taxation and commercial transactions. All these
are laws that affect the way business is done and
how business entities relate with one another.
There are different types of business entities
that include limited liability companies (LLC)
all the way to sole proprietorships. There is a
way in which corporate and business laws interact
because even a corporation is a type of business.
3
If you are going to clearly understand the
difference between corporate and business law,
you will need to scrutinize each one of them
separately. The corporate law basically concerns
how corporations are operated this will include
different aspects such as the duties of the
management, the rights of the shareholders or any
other issues that mainly apply to corporations.
There are specific laws that treat corporations
as entities that are distinct from their owners
the corporation has different powers that include
being able to enter contracts, file lawsuits and
getting sued. Shareholders are the owners or a
corporation and they have certain rights and
responsibilities according to corporate law.   
4
A good example can be where the management and
directors of a corporation decide whether they
are going to authorize the corporation to
distribute dividends to the shareholders. A
dividend refers to a share of profits that the
corporation gives to its shareholders the
shareholders or owners of any corporation have
the right to receive dividends and if the
corporation refuses to authorize as such, the
shareholders or owners have the right to file
suit. A student needs to study corporate law so
they can learn the types of law that apply in
this case.
5
On the other hand, the business law will include
several other areas of law a well students who
want to practice business law normally study
different areas such as the way employment
affects different types of business entities.
Employment law is concerned with business
practices such as the hiring and firing of
employees as well as how business owners are
supposed to treat their employees. When a
business fails to follow the laid down laws they
can easily find themselves in court defending a
lawsuit.   
6
There are other areas of business law that
include tax laws business is obliged to pay
taxes just like any ordinary person students of
business law will have learned about tax
obligations in addition to tax advantages as the
relate to different business structures. It is
important to understand a business is an activity
that involves the buying and selling of goods and
services as well as the manufacturing and
distribution of the same and there are laws that
govern those activities. Corporate formation
leads to the formation of a business that then
can carry out the said activities.
7
San Diego - Main OfficeHamilton McInnis,
L.L.P.3110 Camino del Rio South, Suite 203San
DiegoCA 92108Lawyers Law FirmTelephone
(619) 299-4877http//www.hm-lawyers.com
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