Corporate law is a big subject. There are different sections to business or corporate laws. As a business or enterprise, you need to comply with a number of laws relevant to you and hence the knowledge of corporate laws is essential to every entrepreneur. The tricky and challenging segments of corporate law can be learnt from corporate lawyers Calgary. These lawyers are qualified, knowledgeable and experienced with the various business laws and hence they can help you figure out your legal compliance requirements and advise accordingly. Here are a set of basic corporate laws you must know. The actual corporate laws applicable to your business will depend on the nature of your business and your geographic location.
Business Formation Laws
Business formation laws define the procedures, steps and processes you need to adopt to form and operate a small business. The different types of business entities are partnership, corporation, limited liability company (LLC), and others.
Consumer Protection Laws
This set of laws refer to the group of federal as well as state laws whose purpose is to protect the consumers against the fraudulent practices of businesses, misleading advertisements and assurances, faulty goods and services, and other losses and disappointments the customers might suffer. Every business entity is required to adhere to the consumer protection laws in dealing with any existingor prospective customer.
Contract laws provide the necessary guidelines to draft the content of the contracts that a business might enter with its clients or other businesses.
These laws are in place to safeguard the interests of the employees and protect their rights. Businesses must take care to avoid any violations to these laws and must prevent themselves from taking any measures or policies that can end up discriminating against the employees on the basis of race, color, gender and religion. The other laws that form part of this segment intend to regulate the safety of workers at the workplace and the various benefits the employers need to provide the employees.
Environmental laws are relevant to those businesses that are engaged in different kinds of manufacturing. These businesses are expected to abide by various laws that are designed to protect the environment.
IP (Intellectual Property) Laws
The objective of IP laws is to protect the intellectual property of an individual or entity from any kind of unauthorized use, misuse and abuse.
License and Permit Laws
This segment of law corresponds to the different licenses required for a business to operate.
Zoning laws are meant to regulate the use of property that a given company might lease or buy depending on the kind of business operated.
There are a large number of corporate laws. The rules, regulations, protections and guidelines change between states and countries. Laws can also be amended from time to time. Hence it is a dire need for any business to get the assistance of an accomplished corporate lawyer Calgary. The role of the lawyer in the context of your business will help protect your business defending it from several challenges and avoid any complications that might arise while doing business. They have a big role to play in ensuring that your business stays in compliance with the laws.