The term business law relates to the creation of a new business and all the issues and challenges that arise when it comes to the way this business interacts with other companies, the public at large and the government. Under law, a business is a legal entity and is has a large number of legal disciplines that cover taxation laws, laws pertaining to intellectual property, sales, real estate and more. It is important for you to look for a business law lawyer that is well versed in the niche and who has years of credible experience in the field.
Dan DeKoter- Understand what your Legal Rights and Obligations are under Business Law
Dan DeKoter is an experienced civil litigation and business law lawyer in the USA and he says that when it comes to attorneys that specialize in this branch of law, they focus on transactional work and not client rights. The major reason for people hiring business lawyers is that they are hired for the prime purpose of avoiding business litigation in future.
He says that when it comes to business law, it is very important for you to understand the nature of the law in the legal systems and this will help you to interpret the business as a separate entity that is different from its owner and employees. The business is like an individual in society and enjoys its own legal rights and liabilities under this law just like an ordinary person.
Ensure that the Business gets a fair chance to Function in Society
The major purpose of business law is to give the business the fair chance to participate in a legal way in the marketplace. The laws will give the business the fair opportunity for it to grow and succeed. It has legal rights and laws that it must abide to like an individual in a society.
Benefit the Community or the Society at Large
When it comes to business laws, it is very important for you to note that the business that is created should benefit the community and people in it. He says that if a business is illegal it can be closed down. A business too can incur fines and punishments it is breaks the law.
Dan DeKoter says that when you are opening a new business, it is very important for you to consult a skilled and expert lawyer in the field. The lawyer will help you in a large way to get the best advice and guidance when it comes to the nature of business registration you wish to do. There are sole proprietorships, partnerships, private companies, public companies etc. This means when you are keen to create and open a business, it is very important for you to ensure that you consult a good business lawyer that has proven track records and years of credible experience when it comes to opening and establishing the right business for selling any goods or services that are legal and approved by the laws of the land.