Business and company law comes under the umbrella of commercial law, being the area that dictates and drives ethical and legal business practices in both the private and public sectors of the economy. It bestows the legal framework within which all businesses may be originated and structured, as well as how commercial behaviour is conducted. Commerce and company law covers a wide variety of topics relating to the law of partnerships, limited partnerships, franchises, limited liability companies, corporations and agency.
In today's current economic climate businesses are finding it harder than ever to streamline operations, experience growth or to expand into other markets. Many issues arise around the legality of such manoeuvres and if one is 'not well advised' the next business move could be your last due to myriad of legal ramifications. The body of commercial law is dynamic and constantly evolving. Without the assistance of a specialist company and commerce law firm, it is near impossible to keep up to date with these changes and detailed knowledge on all the facets of commercial law that affect yourself, your business and its strategies.
In New Zealand, The Companies Act 1993 and associated legislation changes it brought, changed the governance documentation and statutory context within which companies operate. A concern for enterprise owners is the new responsibilities and potential liabilities that were legalised after the formation of the act, a trend that is continuing today. Since 1993 government agencies, such as The Ministry of Economic Development have constantly altered the status quo and requirements of businesses through the development of policies and direction in company and commerce law. In a prime example in 2005, the Ministry provided policy advice on the Business Reform Law Bills 2006, which aims to improve industry laws by revising several statutes at once. To date, over 200 changes to over 15 Acts of Parliament have been completed under this reform.
No matter what stage an enterprise is in, whether start-up, development or winding down, there are important legal guidelines that must be adhered to. A reputable law firm will be able to advise on such topics, including general trade / production advice, compliance with both New Zealand and international law, tax requirements, employment law, terms of trade and trademark, copyright and intellectual property. Those firms with much experience in company and commerce law will go further and be able to provide advice on company and corporate strategy, along with optimising enterprise structures.
Holland Beckett Lawyers in Tauranga New Zealand is a full service law firm with lawyers specialising in wills and trusts, asset planning protection, company / business law, commercial, business, property, environmental and resource management, leaky homes, employment, dispute resolution, family and Maori land law matters. In total it employs around 45 people, of which 20 are qualified lawyers. Its client base is extremely diverse and includes local and national manufacturers, importers, exporters, farmers, orchardists, developers, port authorities, transport operators, tangata whenua and public companies.
Author: Vanessa Hamm
Article Source: EzineArticles.com