Corporate law is popularly known as business law or company law which deals with the body of law that governs the rights, relation, and conduct of businesses or organizations. Corporate law can also be described as a law that deals with matters related to the life-cycle of the corporation. The reason behind having this rule include:
To make sure that a business or company is not getting involved with any illegal activities.
Stakeholder’s rights and interests are protected all time.
No public is harmed in the due process of production of products within the organization
Businesses are not damaging the environment with the production of harmful chemical and pollution.
Every law student has to prepare some sort of assignment, and corporate law is one of the general topics on which you may have to write an essay on. Most of the students who are not able to write it on their own try to get online commercial law assignment help in Australia, our recommendation is Essay Help.
In order to write a perfect assignment, students need to have good knowledge of the topic in this case details on corporate law and what are its elements.
What is corporate law?
It is a group of rules and policies that governs how business functions and the set of rights, and responsibilities business are entitled to. It protects the rights of an employee, stakeholders, and its users. It is a wider version of commercial law. Based on a legal system there are certain rights and obligation as individuals which are further extended to allow corporation houses to exercise human rights so that no violation are done, and if any illicit activity occurs within the organization they are subject to some punishment under the law.
Corporate structure one must know of
In corporate law, some of the commonly addressed forms are
- Limited Company
- Limited Liability Partnership
- Limited Partnership
- Not for profit corporation
- Company Limited
- Sole Proprietorship
During the functioning of business if any conflict arises it can only be settled through policies and law made under corporate governance. Check out the
Scope of Corporate governance
While procuring more funds for the company, there are some rules that need to be followed. Most of the time company list themselves on the stock exchange to generate more funds, but to be on the list they have to fulfill legal requirements as per corporate governance.
Auditing of accounts
Businesses cannot have irregularities in their accounts and every monetary transaction must be transparent on the books of accounts. This is indeed important because the government uses these accounts details to ensure that the company is not using unfair means for transactions.
Responsibilities of the board of directors
As per corporate law, certain duties need to be practiced by the board of directors of the company.
Corporate social responsibility (CSR)
Corporate law emphasizes that businesses avoid indulging in certain activities that demine society and social welfare. Including every element is important while writing the assignment, if you take external support for commercial law assignment help in Australia, these details will be already present in your assignment.