Business law is a broad area of law that governs the operation and regulation of almost all types of businesses, companies and corporations. It covers a wide range of topics and legal fields, including but not limited to:
Business Formation: In the United States, building a new company or corporation involves plenty of legal processes.
Contracts and Agreements: Contracts, which are legally-enforceable agreements between multiple parties, often play a significant role in many types of businesses.
Intellectual Property Law: Many US laws protect and enforce the rights of creators and owners of intellectual property, which can be a major source of revenue for some businesses.
Tax Law: Business owners are legally required to pay a variety of taxes, such as income tax, sales tax and property tax.