Chapter 5 presentation

Chapter 5 presentation - Businesses, Workers, and the Law...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Businesses, Workers, and the Law Chapter 5
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Government Regulation of Business Regulations are rules that government agencies issue to implement laws. Businesses spend a lot of time and money making sure they comply with laws and regulations and do not face unwanted liability.
Background image of page 2
Six Important Areas of Law 1. Corporate law 2. Tax aw 3. Intellectual property law 4. Consumer law 5. Commercial law 6. Licensing and zoning law
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Corporate Law How is the business organized? Sole proprietorships Partnerships Uniform Partnership Act – governs general partners requires them to by owned by two or more parties and share in the profits. Corporations
Background image of page 4
Tax Law Taxes are monies paid by corporations and individuals used to fund government programs and services. Income tax Taxes axed levied against a business’s profits. Property tax Taxes levied against the property, buildings, or land owned by a business. Withholding Federal Taxes Businesses collect taxes from workers
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Intellectual Property Laws Businesses are protected by intellectual property laws Patents Document issued by the federal government to inventors and companies that gives them the exclusive rights to make, use, and sell their inventions for 17 years.
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 16

Chapter 5 presentation - Businesses, Workers, and the Law...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online