UNDERSTANDING BUSINESS LAW

Business law can be defined as a part of law that deals with rights, relations and also the conduct of individuals and businesses engaging in trade, sales and commerce.

It can also be simply defined as all laws that govern the formation and running of businesses. Sometimes referred to as commercial law. It consists of quite a number of different areas such as:

  • income tax
  • intellectual property law
  • consumer protection law
  • real estate law
  • employment law
  • property law
  • contract law
  • bankruptcy
  • pensions and benefits
  • Law of corporations
  • and many others.

    Generally, business laws establish the guidelines that all business ventures are supposed to follow. A businessperson should be familiar with most business laws and often seek advice from a qualified attorney such as www.mikerossbusinesslaw.com.

    Here are some scenarios of where the laws apply.

    Starting a business

    When starting a business, you first need to figure out the type of business to venture into. Should it be a partnership or a sole proprietorship? The type of paperwork to be filled to start the business. All this questions fall under laws governing business entities. The entity you pick will affect your payment of income taxes.

    The name of the business should be new and not used by anyone else. This falls under trademarks. Trademarks, copyrights and patents are all part of the larger intellectual property law. Federal laws are the ones that govern most of the intellectual property law.

    There is also consumer protection law. These are meant to guide on issues such as license for the business, or if the business needs special permits for its operations. How the business is advertised and what may be contained in the advertisement are also include in this law.

    Buying a business

    Instead of starting a business, one may fancy buying an already established business. If you buy a business, you may or may not own the business premises. That is an issue of real estate law.

    You may find yourself being the boss of employees hired by the previous owner of the business and thus you will need to be conversant with employment law. Also the equipment used in the acquired business will need to be sorted, this will be under property law.

    When hiring new employees or even ordering for supplies, it will involve contract law. Since there will be making of agreements with people. Cases with breach of contract issues are common in business as there are many different contracts agreed upon.

    A savvy businessperson only enters into a contract agreement after a good understanding of the contents and an interest in keeping the contract binding.

    Managing a business

    Running a business involves many employment and contract laws. Many of these are regulated by government agencies. These include how to hire, what the contracts of the employees will be like, benefits to be provided, payment of insurance and taxes for the employees and how to fire an employee properly. Payment of benefits and pensions for the employees will also arise.

    If you provide services but have trouble getting paid, that is a debt law issue. This will guide you on how to demand for the payment or report the matter to the relevant authority.

    There may arise issues of bankruptcy if the business is not doing so well financially.

    The Yin and Yang of Health Care Cost

    A hot topic of discussions about and abreast orbits about the proposed check of our civic Bloom Affliction Bulk system. Proponents of such a plan accent the bulk of centermost analysis today for a lot of citizens and their disability to pay this expense. Other choir adduce we are not targeting the absolute could cause of top bulk aiming instead to actualize a government amusing affairs acceptance government to attack unfairly with clandestine enterprise. 

    Let us Ying & Yang this affair a bit.  

    No one disputes the top bulk of bloom care. None disputes that the superior of care in the United States is the best in the world.  We are starting to ascertain the problem. Then, what should be the solution?  

    The Problem: High Bloom Affliction Cost.  

    Solution: Lower Cost.  

    Method: Tell Providers to lower the cost. This is a simple, absolute band-aid but not practical.   

    Approach: Create a government bureau with subsidies that alone pays anchored amounts for treatments again force the  providers to allegation alone that amount. This will lower the bulk of allowance for those enrolled in the government plan.   

    Two accessible ripple furnishings would be the alteration of the overage (actual bulk of treatment) bulk from GHC (Government Bloom Care) to the clandestine area patients with aftereffect of added active up the bulk of these premiums. The ancillary aftereffect would be aspersing the adeptness of the clandestine insurers to attack with GHC. 

    Another aftereffect ability be the Provider opts to accommodate medical affliction aural the ambit of the bulk accustomed for GHC patients. Limiting medical analysis to the bulk akin area bulk and accustomed payments accommodated in a cost/profit ratio. Even non-profit medical analysis accessories attack to breach even, not get in a hole. 

    Some analysis accessories ability absolute their audience to patients added that GHC policyholders back they cannot accommodate the college akin of analysis or affliction at the accustomed ante of the GHC program.  Examples abide of accessories in added countries area humans who can allow the analysis move abroad from the government abutment affairs against a clandestine analysis ability attempting to acquisition an bigger akin of care.  

    Alternatives: The top bulk of Bloom Affliction is apprenticed by assorted causes, one these bulk accompanying to the high-level abstruse medical treatments, addition is the bulk of accouterment Affliction after allegation for those who cannot allow to pay for the treatment.

    Some proponents of the GHC affairs website the bulk of the program, admitting large, are in fact not a bulk access to medical care. The acumen sites bulk of emergency allowance treatments today for the uninsured is a cogent accountability on hospitals and medical abutment in general. They feel by eliminating the accepted bulk accompanying to emergency allowance analysis this bulk would offset the total cost of GHC program, appropriately largely minimizing any absolute access of GHC.  

    An adversary of the GHC access sites the following. If the emergency allowance bulk for chargeless emergency allowance analysis for non payers were in fact the active force abaft Bloom bulk it seems the a lot of absolute access would be to annihilate this bulk absolutely by the government reimbursing hospitals for emergency allowance analysis for non paying patients.  Simply, anon after captivation of a massive insurance program at the federal level.    

    Removing emergency allowance analysis bulk for non-paying patients from a hospital’s bulk arrangement would abate medical cost for all added purposes. This in about-face will lower the bulk of medical analysis for all patients. A lower bulk of analysis will anon affect the bulk of allowance reflected in lower premiums. 

    These costs reductions while abbreviation allowance premiums will provide coverage paying accommodating allowances after accustomed the accountability of the bulk of emergency allowance medical analysis for non-paying patients. Additionally this would abode the concern of a National affairs creating arbitrary governmental competition of the Federal government to clandestine enterprise.    

    health government