Where Did Our Business Laws and Regulations Come From – How Have They Changed?

The Business Laws in our nation and our regulations have become so complex they seem to be choking the viability of not only our court system, but also adding layers of laws to companies to the point of suffocation.

The bureaucracy is not only in government, but it has reached all levels of business small, medium and large. Of course, some rules of the game are needed to help our economic machine with standardization.

But, with all the case law, written laws and lawsuits, the laws no longer serve the purpose of allowing business to know in advance what to expect or give them adequate measure to dictate policies within their companies.

One thing that I have noticed is that if you pick up an old business law book prior to 1940, well, there is no much in it. It’s pretty simple and down to earth. When reading through the chapters you’ll find that it all makes sense, it’s all traceable and you can find meaning.

Today things are much different. I would advise any MBA student or individual looking to get into business law to read old business law books and text books. In fact, let me recommend a very good one to you that I have in my own personal library:

“A Text Book of Law and Business” by William H. Spencer; McGraw-Hill Book Company Incorporated; New York, NY; 1938.

If you ever find yourself asking the questions; 1.) Where Did Our Business Laws and Regulations Come From or; 2.) How Have Our Business Laws Changed Over the Years? Then just reading through this work will shed some light on the subject. So, think on it.

Business Law – Make Sure Your Business is Legally Covered

It is important that if you operate a business you understand what the laws are involved. You need to make sure that you are covered with all business related legal issues that possibly could arise. It can be scary if you do not understand the laws of surrounded business but with a little education you can be up and running in no time. It is important that if you incorporate you fill out the proper forms so that legally you have a business entity. It is important that whatever transactions you have there is proper legal documentation to support them. It is always a good idea to find an attorney they can help you manage legal issues with your business.

Always make sure you check that all documents are legally correct so that you do not get sued. It is important to have some common knowledge of business law before you go into business for yourself. Once you have started your business you want to find an attorney that specializes in business law. This will help you so that you can keep all of your legal affairs in order. Having a lawyer who is knowledgeable about this area of law is important so that you do not have any legal trouble in your business.

Remember before you start your own business you want to find out a little information about business law. When it comes to doing up contracts and other legal issues you need to find an attorney that can help you with your business. It is a good idea to interview 2 to 3 attorneys before making a final decision on which one you want to use. Try to stick with a lawyer who specializes in business law not someone who is a general attorney.

Costs of Hiring the Business Law Attorney

Everyone who has already hired a business law attorney will tell you that legal services are not cheap. So, before hiring a lawyer, you should ask yourself how much you are willing to pay for the services. When you are searching for legal services, you should always ask potential attorneys to explain their fees and billing practice fully. Do not hesitate to ask detailed questions and never feel embarrassed. A lawyer’s readiness to discuss the fees is an important indicator of how he or she treats the clients. If you have a basic knowledge about how lawyers generally charge for their services, it may help you to negotiate the best deal when you need to hire one.

A best business attorney may suggest hourly fees, flat fees or even contingency fees. But the exact price of these fees structures is determined by several factors. The cost of a lawyer is influenced by the amount of effort and time required for your case, whether you live in an urban or rural area, by the outcome of the case, by the experience of the lawyer and by the processing costs. All these elements will impact the total cost of a lawyer.

  • The hourly rates are the most common arrangement. On an hourly fee basis, a business law attorney gets paid an agreed-upon hourly sum for the hours that he puts in a client’s case until it is resolved. The hourly rate depends on the lawyer’s experience, operating expenses and the location of the practice. When it comes to your business’ protection, you should keep in mind that it is more effective to hire a lawyer with a lot of experience and expertise.
  • When dealing with the business law matters such as wills and simple bankruptcy filings, most attorneys typically charge a flat fee. However, the flat fee might not include other legal expenses such as the filing fees.
  • You can be charged on a contingency fee basis in certain types of cases. It means that the business law attorney will take any fee from you, but will get a percentage of the settlement money.
  • As for the expenses and court costs, there are no averages and it is hardly possible to give an accurate estimation. You should carefully discuss everything with your business litigation attorney and anticipate any miscellaneous costs so that you can estimate those costs up front and avoid further confusions. Be prepared to check court costs, filing costs, delivery charges etc.

    Regardless of the type of your payment agreement with your attorney, you should get a fee agreement in writing. If a business law attorney is unwilling to offer a fee agreement in writing, do not choose that lawyer.