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Legal bases of business
legal aspect of business is any actinity which is enforcible by lay....
There are always legal requirements to operate a business, such as being registered with the Internal Revenue Service, obtaining a license to do business through your state in which the business in held
characterstics three forms of business organzation
Any legal business is a formal organisation
government,shareholders and the managers
What is a business license? By definition a business license is a legal authorization in document form issued by municipal and/or state governments and required for business operations.
sole proprietorship is a type of business in which only one person controls the business and manages all other activiteis of business no legal restrictions on this type of business where as partnership and company has legal entity of their own
The Roman Forum was the space were legal business was conducted. It served many other functions but it was mainly the center for civic operations.
Legal bases of business
1.Demographic factors like the population composition,size and location does affect the business environment. 2.Political interventions and environment one way or the other largely affects the business environment. 3.The Legal environment also affects the business environment. 4. Economic factors like, Inflation, interest rate on loans, exchange rate systems.
There are certain specific and general factors influencing the operations of a business . The important specific factors affecting business are customers,creditors and suppliers. The general factors include Social, Legal, Economical,Political,and Technological (SLEPT) factors.
A company's assets can be monetary/non-monetary tangible/intangible objects that it has a legal claim to. Assets can be used in the operations of business, to gain future benefits or to decrease your liabilities.
* Describe the basic environments (legal, social, economic) in which a business operates.
Legal responsibility is business ethics. You can research the topic or check with the Small Business Administration.
The legal environment is important to business so that a business runs smoothly. If a business, especially a large one, has no legal department, they are much more open to problems.
legal aspect of business is any actinity which is enforcible by lay....