Business law can also be referred to as commercial law and is a term used to cover the laws that govern entities or commercial transactions. Business laws dictate how to organize, register, and employ in your business. Business laws differ depending on the type of business you have – for example, a non-profit or a not-for-profit – and its structure – corporation or general partnership.
To better understand how business law will impact your business and employees specifically, contact an M&A attorney in Miami.
The most common areas of practice within business law include:
If you are just starting your business or planning to open a business in the future, understanding what type of business you have is crucial. You can choose between a corporation, a limited liability company (LLC), and a general partnership. What structure you choose will greatly impact your business, including your understanding of business law.
If you are having difficulty deciding what type of business you want to go with, contact a corporate law firm in Miami.
Funds, investors, board members, who may be held liable in certain scenarios, debt, and taxes all depend on what type of business yours is. Even how your business should operate greatly depends on the type of company.
There is no one right answer as to what type of business your company should be. There are many factors that go into this decision, one that should not be made without the legal guidance of an experienced attorney.