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Essay / The Importance of Business Law and Its Role in the Business Environment
IntroductionBusiness law, also known as commercial law, is a term that refers to a set of rules and regulations that govern businessmen, whether by Gentleman's Agreement, by national or international legislation. These rules allow two or more people to conduct their business quickly and without much hassle. In fact, they are put in place to govern and check the positive progress of business-related matters. There are many legal entities ranging from sole trader to multi-company businesses which are entitled to limited liability and are governed by a strict set of rules to enhance and promote the expansion of the business in terms of profit among many other business growths. indicators.Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayIndeed, legal systems have been the cause of serious business problems around the world, based on trade issues. But according to some research and studies, it has again been realized that social forces have brought about dynamic developments and changes in the business world. The aspirations are that legal systems are transformed to improve economic systems (Miller & Jentz 2012). This is due to a greater intensity of dissatisfaction based on the impact of legal systems on the entire business world and on society in general. However, calls for reforms have been made by various groups and personnel to improve the so-called inevitability of the legal system in business. There are many problems that negatively impact and hinder the development of international businesses and corporations. Such problems are rooted in broken and corrupt legal systems. Some of these may include: Registration and documentation process. Basically, for any business creation and operation, the registration process is the key to its further progress. This serves as a gateway for any business operation in any business environment, allowing it to run smoothly without many limitations as per business law. However, such a process has proven to be very tedious and even corrupt enough to bring sanity back to the business world. But on the contrary, it has long been the problematic factor for the backward development of commercial industry. This is the biggest problem any business is most likely to encounter in achieving its business goals. Many complaints have been recorded from business clients who wish to start or expand their business, but only discover that the legal systems involved have their own requirements which most individuals or businesses tend to evade. This results in unfair ways of doing business that go unrecorded, making it more difficult to track changing business trends. Furthermore, analyzing the penalties due to evasion of legal systems reveals that there is much to be done, especially in transformational business areas. But due to the higher rate of obtaining business certificates, it has been difficult enough to adopt development based on so-called legal systems. In fact, it would already be much better if the registration conditions were reformed in order to slow down the vectors of lagging development which seem to be accentuated in the business world.(Miller & Jentz 2012). Furthermore, the staff in charge has always made it difficult for many people with good business ideologies to go into business and exploit its business potential. Business law requires that one must meet certain requirements to run a business, a factor that has contributed to so-called business problems throughout society. The process of obtaining business certificates is even worse during registration due to the contingencies encountered in the process, especially in terms of time and money spent on the same. The certification grace period may as well be long enough to allow businesspeople to continue extending it. For example, certification to run a medical business can be very expensive due to the expertise of the staff and the high standards needed to meet medical requirements based on regulatory commissions. By doing so, the business will become fully operational and promote development in accordance with business law, especially due to legal procedures. Likewise, these have been the subject of much criticism from those who believe that business legal systems are there to streamline the commercial world but not to discriminate and put a lot of pressure on businessmen. They also condemn the heavy taxes levied on businesses, including the entire registration process. Here again, the sanctions imposed against legal systems must be critically considered to ensure that businessmen can go the extra mile in terms of positive development and are not repressed by unbearable legal procedures and tedious. be hectic, especially with businessmen. This is a challenge that requires keen attention in order to reduce potentially problematic factors worldwide. Critically, it has been noticed that some of these laws involve many contingencies that require urgent reforms in business entities. Some of these problems are based on acts of racial discrimination, health, employment and sexual harassment. This is one of the major challenges facing the business sector, in which employment conditions go hand in hand with what are called devastating challenges (Miller & Jentz 2003). For example, the problem of sexual harassment is endemic throughout the world and is the worst socio-economic factor of developmental delay and societal problems based on business legal laws. It is unfortunate that it is young women and women who suffer the most when it comes to business matters. Their sexual rights are violated to the detriment of the smooth running of business. For example, if it is an issue related to business registration, the staff in charge may successfully request a case to enable further progress. Surprisingly, the speed at which the whole process might take will be minimal. This is due to the harassment that some of these businesswomen endure in the name of legal systems that no longer exist. Bosses tend to defer to certain questions when exchanging sexual favors. This is indeed very unfair and that is why there should always be groups pushing for reforms in the business world. As a result, business functionality is disrupted, thereby generating detrimental vectors in the business industry. Racial discrimination is also one of the deadly challenges facing legal systems around the world. This made it difficultthe survival of commercial entities, especially when different races are in operation. Unless one takes the risk of being the sole entrepreneur in the business, many challenges await corporations and companies operating under limited liability. Discrimination calls for backward development of business and caution must be taken in transactions in order to promote expansion and facilitate movement. in business trends. For example, in countries like the United States, where racism exists, it becomes difficult to fully enforce business legal laws. In fact, some business processes are based on the principle of racism, which results in segregation among company members and as a result, business growth and development becomes difficult. For example, in the United States, black Americans or illegal aliens face economic hardship due to the concept of discrimination. Such commercial disparities will not allow business law to be effective and efficient as is believed. In most cases, all this is facilitated by higher-ranking personnel who tend to intimidate and inflict commercial difficulties on businessmen. As soon as a state's economy is unstable, society as a whole is in difficulty. Indeed, meeting societal needs will be a problem that could lead to other business-related problems. Occupational safety and health is evolving to become another point of consideration due to the way in which people's safety is ensured. It is obvious that for a viable business to be conducted without too many challenges, the health and safety of its members must be highly considered. The skilled workforce diminishes if the company does not take a keen interest in it. Sick leave should be part of the company's working conditions without forgetting the safety of these members, particularly when operating machines (Miller & Jentz 2003). But it is surprising that business law clearly defines compensation rates and security measures in general to some extent, because it has been manipulated. Therefore, this makes company members vulnerable to serious accidents and losses, especially when they are on the line of operations. Business law should be able to provide health care and improve the safety of businessmen regardless of where business affairs are promoted. According to Miller and Jentz, critical elements of global environmental ethics should be the key to minimizing related affairs. problems in order to go further. Both authors have contributed prolifically to the improvement of business law in the face of dynamic changes in the commercial sector. Considering the dynamic and demanding business trends, the whole issue of business matters will move to the next level of development (Miller & Jentz 2003). Firstly, the entire documentation process needs to be harmonized and made affordable for businessmen to enable them to continue venturing into it. In fact, it should be simple and straightforward for clarity rather than involving people in many processes which end up making the whole official procedure very tedious for businessmen. In doing so, many business ideologies will be put into practice and thus attract most people, translating into positive engagement in business, thereby calling for positive returns. E-commerce will thus improve and promote business systems, making work easier and even more attractive for businesses.