As a leading firm in California, Garfield Logan Law has faced questions regarding the difference between corporate laws and business laws. So, we have decided to clear the air once and for all. It’s true that there is a lot of confusion in regards to the difference between the two. The business law deals with the formation of companies, acquisitions, rights of shareholders and mergers. On the contrary, corporate laws deal with aspects like sale and distribution of goods. You must look for companies that can work with both the laws, such as Garfield Logan Law.
Usually, the terms ‘Corporate’ and ‘Business’ are given to two almost similar but yet different laws. In fact, these are completely separate groups. The Corporate practice areas are linked quite closely. Their work is also related to the lifecycle of the companies along with acquisitions and mergers.
At the same time, the business laws adhere to a wider paradigm of practice areas like intellectual property, franchising and even litigation at times. Still, there is a common theme in between these two. Both the laws face issues that arise from the contract laws. If you’re a trainee, then you will not understand the differences. But, gradually, with the passage of time, you will realize the difference in their practice areas.
Major Differences Between Corporate and Business Laws – Learn from Garfield Logan Law
Theoretical knowledge can help you to understand the difference. But, you will understand the real difference when you can look at each category separately. For instance, a corporate law is all about the activities of a corporation, the rights of the shareholders, management duties and other problems related to the corporations. It is a fact that corporate act as a completely separate entity to the laws. Amongst many powers enjoyed by a corporation, some of them are: filing a lawsuit, entering contracts and many more!
Now, what about the Business Laws? This focuses on the formation and management of corporate entities. This, in fact, is a general category that is concerned with several other laws. Those laws include contracts, commercial transactions, employment laws and taxes. All of these affect business entities and businesses. What would that be like? The business laws include limited LLC companies, partnerships and sole proprietorships. In fact, the corporate and business laws may relate to each other as corporations are a part of business entities.
For instance, the management and directors of a corporation must choose whether to let a corporation make a distribution of dividends to the owners. What is a dividend? It is the share of profits provided by a corporation to its shareholders. Now, the shareholders or owners of a corporation deserve the right to get dividends. If your corporation does not let you get a dividend, you are authorized to sue that corporation. If you are still confused, feel free to get in touch with Garfield Logan Law.
On the contrary, the business law includes a lot of other laws. For instance, you can learn about the effects of employment law as that is a part of the business laws. The employment law is concerned with issues such as the hiring of employees, firing them and the behavior of the company towards the employers.
So, this is the basic difference between these two laws. Garfield Logan Law possesses in-depth knowledge of both the laws. So, get in touch with us now!
Summary: Garfield Logan Law serves its clients from all over the world with precision. This blog is all about the insights into corporate and business laws.
No comments:
Post a Comment