What are the benefits of studying business law?

Answer 1

As we can see..

First I need to remind the meaning of two words here, Business, and Law according to my knowledge.

Business = Is a profit creating activity that involve many complex aspects inside and can be created in any kind of activities as long as the activities are obeying the law inside the country of the business created and or the international law of business

Law = the system of rules that a particular country or community recognizes as regulating the actions of its members and may enforce by the imposition of penalties.

And the definition of law is taken from Google.

If we are trying to make business without knowing the regulation of the business we created, how could we suppose to handle things if sort of problems of legals come out?

Like if you want to create a business, the regulations that becomes barrier at first, if you know all the barriers and you can solve the barriers in right way, understanding what the regulations are, then it wil be no problem to have your business.

Also law is a legal force to ensure the business runs smoothly domestically and internationally..

There are many rules of international trade.. if your business is running in this part, then it will be a fatal blow if you dont understand about the law, because International Trade is a fragile business. People can play with it, and if you are on the right way when people play with your company, you can sue him/them.

That;s some advantages of knowing the business law. Because Business law is created to protect your company from being violated by irresponsible people.