Find the right lawyer now

Business Law

Find a Local Business Lawyer near You

What Is Business Law?

In broad terms, business law refers to a large body of federal, state, and local laws that govern the formation and daily operation of business entities, ranging from corporations to partnerships. Understanding the basics of these laws is a beneficial step to take, whether one is starting a new business, maintaining an existing business or selling a business.

What Are Some Areas of Business Law?

Business law can be incredibly complex due to how many different areas fall under the category. Generally, business law areas are:

As mentioned above, local ordinances, state, and federal laws all play a role in certain aspects of the business. Thus, while business and commercial laws of each state will offer the main guidance, a local ordinance or federal regulation may also play a crucial role.

What Are Examples of Business Law?

Nearly every aspect of a business, from startup to dissolution, will be affected in some way by a set of laws. For instance, the business laws of a state and local area will affect how the parties conduct commercial leases. Moreover, the laws of a state will play a large role in franchising and the financial documentation required for buying or selling a business.

The laws of each state will help determine the type of business organization structure most appropriate for a business. Both state and federal business and commercial laws regulate requirements of employment decisions, sales contracts and negotiations. Finally, federal laws will control certain mandatory disclosures and the sale of securities.

Specific areas of business law:

Should I Contact a Business Attorney?

If you are a business owner, it would be wise to seek legal advice. Whether it is for a simple explanation and guidance, or help resolve a dispute, an attorney will know the best way to safeguard your business. An experienced business litigation or business transactional lawyer can often provide the answers and protection your business is looking for.

Vea esta página en español: Comercio o visita para más información legal.

Present your case to Business Lawyers now!

Photo of page author Matthew Izzi

, LegalMatch Legal Writer and Attorney at Law

Last Modified: 05-29-2014 04:33 PM EDT

Law Library Disclaimer
  • No fee to present your case
  • Choose from lawyers in your area
  • A 100% confidential service
What is LegalMatch?

We've helped more than 4 million clients find the right lawyer – for free. Present your case online in minutes. LegalMatch matches you to pre-screened lawyers in your city or county based on the specifics of your case. Within 24 hours experienced local lawyers review it and evaluate if you have a solid case. If so, attorneys respond with an offer to represent you that includes a full attorney profile with details on their fee structure, background, and ratings by other LegalMatch users so you can decide if they're the right lawyer for you.