28. Legal Factors Affecting Business

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Legal factors affecting business
 

Student’s Name: Alondra Maricela Ramírez Aguilar

NUA: 311517


When business companies operate, they expect to face different internal and external factors that can affect their organizational operativity. Among all these factors, legal ones might greatly influence business organizations and affect how a different companies operate. There are several legal factors that affect businesses in many forms, including laws and regulations on taxation, employment, contract, securities, immigration and many more. The law affects the way businesses operate. That is the reason why any business should have a clear understanding and knowledge of the legal environment in which business organizations have function because these factors may determine its success or failure.


DEFINE IN DETAIL.


What is Organizational Law?

Guides activities within and outside organizations. Its main function is to regulate small, medium and large enterprises.

To make it work properly depends to a large extent on the rules which are linked to different categories of law, it is an area which will be responsible for solving the legal problems that arise.

 

What does Employment Law refer to?

It refers to the rights and obligations of workers and employers, since labor relations can lead to situations such as limitations on benefits, employment policies, employment intermediation, etc.


How are Consumer laws defined?

They are defined as laws that protect consumers against faulty goods and services they purchase. They also protect consumers from unfair commercial practices or misleading advertising.

These laws alert consumers to fraud or scams. Although they do not apply if the goods or services purchased are purchased for commercial purposes.

 

What is Securities Law?

These are laws that are designed to ensure that investors have access to information about a business.

Disclosures of this law include publicly available information and risk factors are also reported.

 

What does Health and Safety at the Workplace refer to?

They are a broad discipline as it encompasses multiple specialized fields to provide a social, mental and physical well-being of workers. It tends to:

 

·       It tends to promote and maintain the physical, mental and social well-being of workers.

·       Prevents workers from the negative consequences their working conditions may have on their health.

·       Protects workers in their place of employment from risks that may affect their health.

·       Places and maintains workers in a working environment.

 

What is Taxation?

These are mandatory contributions or payments in money or kind that serve to strengthen a country's economy, to provide resources to the government, and that the government can achieve its proposed planning objectives.

They are the most important part of public revenue.

 

 

 

Sources:

-“Ley de empleo”. (s.f). sesametime.com (extracted on January 6, 2022). https://www.sesametime.com/assets/diccionario/ley-de-empleo/

-“Derecho empresarial: ¿En qué consiste?”. (July 29, 2013). Utel BLOG. Utel.edu.mx. https://utel.edu.mx/blog/10-consejos-para/derecho-empresarial-que-es/

-“Leyes de protección al consumidor” (s.f). www.nycbar.org (extracted don January 6, 2022) https://www.nycbar.org/get-legal-help/es/article/leyes-de-proteccion-al-consumidor/

-“Leyes sobre valores”. (s.f). www.abogado.com (extracted on January6, 2022). https://www.abogado.com/recursos/seguridades/

-“La salud y la Seguridad en el trabajo” (s.f). http://www.concesiones.cl/publicacionesyestudios/Documents/Prevencion_de_riesgos/La%20Salud%20y%20la%20Seguridad%20en%20el%20Trabajo%20Doc%20OIT.pdf

Comentarios

  1. Giselle Rivas Alcantar6 de enero de 2022 a las 3:34 p.m.

    Taxation is important because the money obtained from it is used in public works that are for the benefit of the community. Many of the free services offered by the country exist, in part, because of the taxation applied to companies.

    ResponderBorrar
  2. Karla Yuritzi Flores6 de enero de 2022 a las 3:37 p.m.

    In my opinion, in Mexico there is no fair balance between salary, taxes and the quality of service that provided us the government

    ResponderBorrar
  3. Sophia Morales6 de enero de 2022 a las 3:38 p.m.

    The laws within an organization are just as important as other activities and aspects of an organization or company, because without them there would be no regulation of behavior, both bosses and employees, and in the same way it is a way of safeguarding the fulfillment of the obligations of the parties involved.

    ResponderBorrar
  4. Daniela Rodríguez6 de enero de 2022 a las 4:34 p.m.

    It is interesting there are also laws to protect investors. They are at risk of being defrauded. In general we pay more attention to laws that protect workers, but many people don't know about investor protection. They are important because they allow the company to have economic resources

    ResponderBorrar

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