Law plays a significant role in the operations of businesses in society. Laws regulate social behavior enabling society to run efficiently. Laws also set a standard of ethics and expectations, they also provide rules of conduct. Laws are enacted to enforce the rules of business and to settle the disputes. It should be noted that without such laws, society would not be able to function effectively and commerce would no doubt collapse. General functions of business law appear on the outside to be rather simple and straightforward. However, the United States legal system is very complex.
A developing business must take into account all the laws and regulations that will