Commercial Law

In: Business and Management

Submitted By JIVAN
Words 412
Pages 2
COMMERCIAL LAW
Commercial law study is crucial to business career in master of professional accounting and business, and will give a boost to our profession.
Commercial law also known as business law is the category of civil law that sometimes involves criminal law which applies the rights, duties and obligations of all legally recognized persons, including business which are engaged in commerce, commodities, trade, and sales and other businesses.
Accounting and Finance students can get it useful to study the laws governing financial markets and investments,
Today's accountants are important members of the management team, using their huge knowledge of business, their communication techniques and people skills, and their well-developed technical accounting skills to add value to the business through best decision making and support.
It is very important, if we want to run a legal and successful business. Even if we start a small business, we still need to know the process of how to get a business started in the first place i-e licensing, certification etc. Once we got our business running, we will need to know how to protect our business from things like lawsuits, creditors and other government agencies which can affect our business.
Commercial law study focuses on real life, business-orientated problems. Studying commercial law will give us an array of skills that are valued highly in business. It will develop us analytical & critical thinking skills, improve written communication skills, and help to think tactically about business opportunities and business risks. After studying commercial law we will able to know about the formation of corporations, limited liability companies, business trusts and partnerships, licensing actions before regulatory institutions and advising individuals and entities regarding professional regulatory issues ,business…...

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