Role of the Legal System

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Presentation transcript:

Role of the Legal System The government regulates certain business activities to reinforce honest business practices and financial responsibility.

Role of the Legal System Regulate business activities and practices to ensure fair competition Federal Trade Commission (FTC) enforces US antitrust laws Fair pricing regulation prevent price discrimination

Role of the Legal System Businesses that operate online have additional e-commerce guidelines and laws

Role of the Legal System Many US laws regulate the financial activities of businesses Antitrust laws relate to businesses buying or investing in other businesses. Bankruptcy laws apply to the handling of business debts when a business is no longer profitable Securities laws regulate businesses that have publicly traded stocks and bonds. Employer identification number (EIN) is assigned by the IRS for use when preparing federal tax forms

Role of the Legal System Environmental laws and regulations apply to every type of business in every industry Environmental Protection Agency (EPA) enforces federal human health and environmental laws