Assigment 28

Legal factors affecting business  

Student’s Name: Maria Fernanda Ramos Guerrero 

NUA: 116666

INSTRUCTIONS: After reading the introductory paragraph below, write a definition of each of the  aspect mentioned. You can consult different sources, just remember to cite/reference them  correctly. Avoid copy-paste and plagiarism by writing your own sentences or paraphrasing.  

When business companies operate, they expect to face different internal and external  factors that can affect their organizational operativity. Among all these factors, legal ones might greatly  influence business organizations and affect how a different companies operate. There are several  legal factors that affect businesses in many forms, including laws and regulations on taxation,  employment, contract, securities, immigration and many more. The law affects the way businesses  operate. That is the reason why any business should have a clear understanding and knowledge of  the legal environment in which business organizations have function because these factors may  determine its success or failure. 

What is Organizational Law?

They are a set of laws that govern organizations and how a company can be legally formed to have its entire organization in order and not have problems later with the law.

 

 

 

What does the Employment Law refer to?

It refers to all the laws and obligations that workers have and is regulated by laws and regulations to be able to have a better coexistence and good treatment of the company to employees, in the same way, holidays are regulated and the type of leave that they must get workers.

 

 

 

 

  How are consumer laws defined?

Consumer laws are nothing more than laws that protect consumers in case they get a poor quality product in the same way they protect if a seller is doing unfair practices in trade so that the consumer is supported.

 

 

 

 

 

 

What is the Securities Law?

Securities law is designed to ensure that investors have access to accurate information about a company. Bonds, shares, participation certificates, promissory notes and other securities, all vary in their value and so they are backed and have something that guarantees them to know where they are going to invest their money etc.

 

 

 

 

What does Health and Safety at Work refer to?

I understood by this term that it is a discipline that is responsible for the prevention of injuries and illnesses caused by the working conditions to which employees are exposed, as well as the elimination of risk factors within the workplace of equal way by providing insurance and protection against accidents.

 

 

 

 

 What are taxes?

Taxes are amounts of money that have to be paid to the state depending on what type of person you are, physical or moral, with it political office payments are made.
This payment is required by law.