The Business Law Center includes a comprehensive selection of resources and information relating to business and business law. There are a large number of law topics and concepts that fall under general business law, including contract law, business structure law, foundation law, cyber law, dispute resolution, industrial design rights and copyright law, intellectual property law, land use law, property law, product liability law, release law, tax law, torts, mercantile law and more. Having a good working understanding of business law is vital in order to protect your company from the day it opens its doors. Here you will find an explanation of the options that are available to you pertaining to business law.
To ensure that a contract is legal and binding, there are certain elements that must be included and agreed to by all parties involved. By leaving out one or more of these elements, you risk creating a contract that will not be upheld in a court of law should a dispute or conflict arise between the signing parties. Here are the most important elements of a contract, which are necessary for the documents to be legal and binding.
A business subchapter S corporation derives its title from the taxation codes that these company structures fall under according to Chapter 1, subchapter S of the Internal Revenue Service’s Internal Revenue Code. Earnings from these subchapter S corporations are not taxed as personal incomes, however, as earnings to be paid to amongst the company’s shareholders. Aside from earnings, the losses of the company will also be divided amongst shareholders within a business subchapter S corporation. Individual shareholders will then report their personal earnings or losses on their pers
Starting an online business is very similar to starting a brick and mortar business. The first step in the process is creating a business plan. Creating a business plan allows you to implement a road map of sorts and ensures that are fully prepared to launch your business on opening day.