Business Law

Why Does Business Law Exist?

Why Does Business Law Exist?

In order to establish a semblance of control in society, laws and regulations are necessary. The same will prove true in the world of business.
Business laws exist in order to have control over transactions that occur, regardless of the trade or type of business. Generally speaking, business law is meant to provide for general control and maintenance of commercial transactions. However, it can also be said that business law exists as a way to protect the consumer from manufacturers and companies.
Business laws will take into consideration other aspects of law in general, such as certain ethical and moral practices and the need for certain administrative concerns. Without business laws in place, companies and manufacturers could potentially sell goods and items that are not functioning or do not do what they are represented to do. Furthermore, without business laws there would be no legal recourse to reprimand such immoral and wrongful actions. Business laws provide for regulations that must be followed to help ensure truthful commercial transactions. 

Quick Facts About Labor Laws

Quick Facts About Labor Laws

Employment laws are determined by state law. Therefore, not all companies follow the same labor laws. Depending on in which state the company is located will determine the type of labor laws that the company will have to abide by. 
Company employment laws will vary also due to the type of business that it is. For example, all restaurants in a particular state will have to abide by the same laws. However, a construction company may not necessarily have to abide by these stated labor laws. 
Generally speaking, there are some labor laws that all companies must follow, such as minimum wage, age, hours of work, working conditions, and pay. All companies must also abide by an equal opportunity employment law, which states that they must hire people based on their qualifications, and they cannot discriminate against people based on their age, gender, race, or religion.

The Serious Ramifications of a Corrupt Business

The Serious Ramifications of a Corrupt Business

If a person or business is caught partaking in corrupt business practices, there will be certain ramifications for such conduct. Illegal business practice is seen as a Federal crime, and therefore, all states have the same general laws by which they must abide.  
In terms of punishment, different corrupt business actions will warrant different types of punishment. Types of corrupt business practices include: business fraud, extortion, and money laundering. The degree of the crime and punishment. 
Regardless of the action, the individual in charge will be tried in a Federal court. The typical results of corrupt business practices include: jail time, fines, and repayment of any damages that have been caused. Generally speaking, the business will be audited and have to present documentation of all business actions for a specific time period.

Filling Out Better Business Bureau Forms

Filling Out Better Business Bureau Forms

For those wishing to file a Better Business Bureau complaint against an employer, specific information is required. For example, if the offense is related to pay, the employee must have documentation about any pay received and any missing pay. If the complaint requires a Better Business Bureau form that relates to the treatment of employees, such as harassment or threats, different information may be required.  
Better Business Bureau forms may also be used for complaints against a business that took part in illegal or improper activity. The individual should obtain the license number, address and phone number of the company. It is also advised that the names of anyone that handled the work be listed on the Better Business Bureau form. 

Employee Rights Over an Employee Email Address

Employee Rights Over an Employee Email Address

The laws associated with employee e-mail and Internet privacy should be acknowledged of all employed individuals. Understanding the laws associated with employee e-mail and Internet privacy will avoid unfortunate circumstances, such as job termination, from occurring. 
When employed by a private sector employer or corporation, you must understand that all e-mails sent are considered property of the company. As a result, the underlying business or corporation has the ability to observe all employee e-mail. Any inside information or misconduct will be treated as public domain and persecuted as a violation against company policy.
In addition, Internet privacy is essentially non-existent for employers. Your company has the rights and ability to observe all Internet searches and visited sites. These rights are awarded to employers to prevent misconduct that would damage a company’s business model. Employee e-mail and search histories are also observable to ensure that each worker is reaching or near maximum efficiency. 

The Federal Trade Commission Act of 1914

The Federal Trade Commission Act of 1914

The Federal Trade Commission Act of 1914 was a piece of Federal legislation that created the U.S. Federal Trade Commission. The Federal Trade Commission (FTC) was established in order to promote fair trading practices and to protect consumers from corruption and illicit behavior on the part of corporations.
The Federal Trade Commission Act granted the United States President the authority to appoint the members of the Federal Trade Commission. The Commission was composed of five different members who each served a seven year term. It was permitted to authorize Cease and Desist orders, which required large corporations to halt specified activities. Therefore, if the Committee believed that a corporation was engaging in harmful or unlawful activities, it could legally require the corporation to abandon these activities. One such example is the formation of coercive monopolies, which could be dissolved by the Commission.

What Holiday Compensation Does Your Employers Owe You?

What Holiday Compensation Does Your Employers Owe You?

Under United States Federal law, an employer is not required to provide employees with holiday compensation. Some states have adopted laws that require employers to provide holiday pay, though this varies significantly from one state to another. Therefore, it is important for an individual to review the labor laws in his/her state.
In addition, an employer is not required to allow employees time off on holidays. Nevertheless, most business entities will close on major holidays. Federal law does require employers to respect an individual’s religious holidays and observances. Therefore, if an employee requests time off for religious reasons, an employer should grant his/her request.
If employees do work on public holidays, employers do not legally need to provide overtime or premium compensation. Despite the absence of holiday pay laws, most employers provide employees time and a half if they work on major holidays.

The Truth About Unethical Business Punishments

The Truth About Unethical Business Punishments

Unethical business ethics will not, in of themselves, furnish a cause for direct legal intervention. Instead,
unethical business practices are considered more a case of mistaken business policy; one which can provide a means by which employees, partners and competitors alike might identify a business as being unable to deal successfully with a particular area for industry. As such, a business can be identified as not being in compliance with the principles typically identified either as business ethics or corporate ethics. 
However, if a business is considered to be operating according to unethical business practices, then legal
repercussions might be warranted. Business ethics is considered more relevant to the corporate and academic fields than law enforcement and the justice system. Moreover, businesses may and often do choose to emphasize their
opposition to unethical business practices as a marketing activity.

How to Handle Wrongful Employment Termination

How to Handle Wrongful Employment Termination

Unfair employment termination can be in various forms, though the most common application of the term will involves cases when a person is fired for reasons that are unlawful. However, each state and each particular business or career will have its own policies regarding employment termination.
When a person is wrongfully fired, there are various options at hand. One can consult with the Human Resources Department of the company where the individual was employed and discuss the issue in hopes to reach a mutually beneficial resolution. One can also decide to visit the local unemployment office, particularly if the situation at hand is one where eligibility for unemployment benefits may be questioned. In extenuating circumstances, obtaining the services of an attorney may also be necessary in order to seek any possible legal remedy for the illegal employment termination.  

Federal Employee Laws That Protect Individuals

Federal Employee Laws That Protect Individuals

In the United States there are a number of Federal laws that protect an individual who is employed with any public company or organization. The various employee laws in the United States uphold equal opportunity employment without discrimination towards religion, race, sex, age, or disability.
In addition, employee laws also ensure basic human rights that uphold the privileges associated with the United States Constitution. Furthermore, employee laws also place a limit on working hours, as well as a floor on wages. All of these employee laws are meant to protect an employee from abusive actions from their companies or organizations.
Throughout America’s history the Federal Government, through Congress, has passed many Acts and various forms of legislation to enforce such employee laws and ensure the protection of rights to those who work for those employed in the United States.