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The paper outlines various laws that regulate businesses, their intended purpose in the business, and how they affect the business.
Laws that affect the business organization are incorporation law, bankruptcy, patents law, copyrights and trademark law.
All these laws affect the business in one way and the other and should be adhered to at all cost to ensure that the business function is regulated.
One of the most important agencies in the country is Securities and Exchange Commission (SEC).
This agencies is mandated tom investigate the companies that are misbehaving and carrying out their duties against the law that is put in place.
They had build up trust in their customers by forming different organization to ensure that they disguise people and ensure that they monopolize the market keeping the price of their services high.
This ensured that they limited supply hence resulting into high price of the products in the market.An example of a company that has been in investigation under these agencies is Microsoft Company.SEC agency has also the ability of forming other regulations to ensure that they regulate any emergence of undue commercial behavior that may be illegal.Antitrust law The initial reason of establishing this law was to check the issue of the monopoly that had affected the business sector for a long time.The law started after the civil war with an increase in petroleum, cotton and other agricultural products.Therefore, there is need to look at the laws and the reason why they were passed.In this case, we will look at the law that regulates businesses in United State of America.The Sherman act of 1890 made a declaration that restraint of trade or other related actions by monopolies were illegal (Earl, 1978).bjectives of the antitrust law are the Countering Unfair Competition, protecting the rights, priorities and interests of businesses and consumers by enhancing fair competition for better economic growth.There are various laws that are used to ensure that the business works in the right way.These laws are put in place to regulate the way the business is done and are meant to curb unethical business activities.