Business law is an encompassing area of law that includes the requirements and rules for all segments of a business’s life.  From a businesses creation through all of the activities during its life, and finally its termination, business law touches them all. The creation of a business includes the decision on the form of business- sole proprietorships, partnerships, a limited liability companies, corporations or some other type of entity.

The activities during a business’s life incorporated managing the various relationships that a company will have with its customers, vendors, stockholders, bankers, the government, employees, and the public. Businesses also includes, raising capital, keeping records, filing business and tax forms, hiring employees, marketing and advertising their goods or services, merging with, acquiring and/or selling other businesses, along with a host of related activities.