Ekateryna Calderón Hernández NUA: 391880
LEGAL
FACTORS AFFECTING BUSINESS}
What is Organizational Law?
refers to the numerous ways a business may be
legally formed under state laws. In addition to incorporating as a corporation,
businesses may also be formed as partnerships, limited liability companies, and
other business forms. Since each business organization brings with it a
specific set of tax, management, and liability benefits and drawbacks, choosing
the right type of organization for your business depends on many factors.
What does Employment Law refer to?
laws that determines how an employee and employer
can work together.
They regulate the relationship between workers, managers, and
owners to ensure everyone is treated fairly and respectfully. It includes how
and when an employee can work, what they should be paid, and the minimum
conditions that are safe and appropriate to work in. It also determines when
someone can be hired or fired and indicates the rights of employees and
employers.
How are Consumer laws defined?
Consumer protection laws exist to prevent
dangerous or unethical business practices, like false advertising or faulty and malfunctioning products.
In finance, consumer protection laws seek to
prevent predatory lending, housing discrimination, securities fraud, privacy
violations, and other unethical practices.
What is Securities Law?
Securities law (or Capital Markets law) is the
group of laws and regulations that govern the circulation of
"securities". A security is a financial instrument usually designed
to raise money for a business from investors in the business. Securities law
dictates what a corporation has to do in order to offer their investment to the
public. The laws exist in order to make sure that public investments are fair
to everyone who might invest in the company.
What does Health and Safety at the
Workplace refer to?
Workplace health and safety is all about prundently
managing risks to protect a business and its workers.
Health and safety laws apply to all employers,
self-employed people and employees in their workplaces. and it includes fixed-term
and temporary employees.
The Workplace (Health, Safety and Welfare)
Regulations 1992, sets out the rights
and obligations of both employers and employees. It also provides for
substantial fines and penalties for breaches of the health and safety
legislation.
To fulfil their responsibilities, an employer must:
- Carry out risk assessments
- Identify who needs protecting from potential hazards
- Implement health and safety procedures
- Create a health and safety policy
- Display the health and safety law poster
- Communicate with employees
- Provide training and first aid kits
To help keep the workplace safe, employees must:
- Follow health and safety instruction
- Attend health and safety training
- Adhere to safety procedures.
- Report any hazards or failings in safety procedures.
- Be proactive
What is Taxation?
A tax is a mandatory fee or financial charge
collected and imposed by any government on an individual or an organization to
collect revenue for public works providing the best facilities and
infrastructure. The collected fund is then used to fund different public
expenditure programs.
Taxes include income, capital gains, or estate.
Imposition of mandatory fees on individuals or
entities by governments
Taxes are imposed in almost every country of the
world, primarily to raise revenue for government expenditures, although they serve
other purposes as well.
References:
- FindLaw's team (february 03, 2020) FINDLAW. What
Is Business Organization Law? https://www.findlaw.com/hirealawyer/choosing-the-right-lawyer/business-organization.html
- FindLaw's team. FINDLAW. Employement Law https://www.findlaw.com/employment.html
- Gonzalez, A. (august 26, 2021) Investopedia.
Consumer Protection Laws You Need to Know https://www.investopedia.com/articles/pf/10/know-your-consumer-protection-laws.asp
- Legal Career Path. What is Securities Law / Capital Markets Law? https://legalcareerpath.com/securities-law-capital-markets-law/
- British Safety Council. Who is responsible
for workplace health and safety?
- https://www.britsafe.org/training-and-learning/find-the-right-course-for-you/informational-resources/who-is-responsible-for-workplace-health-and-safety/
- Citizens Infromation. Health and safety at work. https://www.citizensinformation.ie/en/employment/employment_rights_and_conditions/health_and_safety/health_safety_work.html
I think in Health and Safety at the Workplace you can also refer to well-being in the event of old age, unemployment, illness, disability, work accidents, maternity or loss of breadwinner.
ReplyDeleteI believe that organizational law is very necesssary to mantain a good work environment as well as a good relation between organization and government.
ReplyDeleteFor me the labor law is very important, it specifies all the rights and obligations and I think that is important to avoid problems in the future.
ReplyDeleteI think that even though consumer law exists, it is often not respected and companies cheat.
ReplyDeleteCompanies take advantage of the fact that people don't check well and don't pay attention. However, it has been helpful
I like that your research is complete and your ideas are well structured. I think that health and safety at workplace regulations are very important for a healthy relationship between employees and employers. People need rules to know their rights and responsabilities, and to perform better and achieve results more efficiently.
ReplyDelete