Business Futures Ltd main aim is to provide advice to those who want to start up their business venture or existing business expansion
- Describe nature of legal system.
- Demonstrate impact of law on business activities of Country Pine
- Provide legal solutions to problem faced by business
- Develop & recommend effective legal solutions based on alternative advice.
Business law is considered as a law that involves a variety of laws that help in governing all the factors of the business. Also, it involves a variety of factors that can help in dealing with different types of issues associated with the public and private law (Jones, 2017). Also, business law can be classified as the commercial law encompassing all the rules and policies to maintain all the operations and processing of the services in a balanced way. The report is about understanding various sources of law to be complied in Country Pine. Also, it involves the influence of key consumer legislation in the market place. Ways of raising the capital in Country Pine along with the alternative sources of legal advice available have also been included in the report.
P1. Explaining different sources of law that the organizations need to comply with
Business law is given with great constraints and it is the most essential part of organization. It helps to protect the business activity and better environmental growth (Adams, Muhoza and Adams, 2017). There are numerous sources of law which help to protect the business activities through Business futures can easily make the proper changes and better objective task. Besides, overall business law has been providing more protective and task oriented activities in order to beat the needs of customer protection. It helps to enhance the business performance and better task oriented goods and services. Some of the resources are constitution, legislatures, executives, judiciaries, administrative agencies and international organizations. Some of them are mentioned as below:
Constitution: Constitution the overall function of United States is governed by the US constitutions which was rectified in 1789 has its own constitution. It is also known as the supreme law of land. This become sources and essential source because it generates power between legislative, executives and judicial branches (Kubasek and et.al., 2015).
Legislatures: Legislation is another source of business law which has been provides great essential target market goals which enhance the better activity and growth. The federal legislatures derive its power from articles I of the constitutions. All the legislation or act of law helps company to adopt the better and safe environment.
Executives: It is another source of law which order the executives in order to binding edicts issues by the president by the business law. Moreover, it will also make the proper better resources and target goals. The main purpose of this law is to make aware business about their rules and ethical considerations in order to perform the better target market goals.
Judiciaries: It is another sources of law which helps to cover the business from effective activities sources. Sources of business law can help businesses about their main goals orientated goals and activity performance. Apart from that, sources of law has been governed by the law who tale care about the employee empowerment. Through country business environment has been maintained ion better manner.
Judicial decision: It is another sources of law through company can easily make the better decision making process (Muhoza and Adams, 2017). It is one of the most important source of law. The main responsibility of the courts to interpret and apply laws to specific cases. It helps to solve the disputes between the parties.