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Commercial Law – International Business Liability and Taxation of Partnerships

If you have a business or you are planning to start a business there are some things that you should know. One of the most important things is the type of business you have and what are you into. From that point on you can research the types of businesses in your area. Each business is unique so it is important that you do your research before you begin.


The main article will cover finance. This is very important because there are different types of finance such as unsecured finance, secured finance, business loans, business mortgages and others. In this main article I will cover the three main types of finance that you should research in detail. Then from that point on if you research other articles in this series you will understand other finance types.

Financial tools including: bonds, shares and commercial loans, bank loans, stocks and property. Human resources include: management and labour, patents and intellectual property. These are the main areas that you can research but there are other things such as taxes and other legislation that affect businesses in specific ways. That is the main article and in the next article you will learn about taxation.

Taxation is one of the key factors in business and this article covers tax laws. Other issues that affect businesses includes leasing and franchises, commercial law, corporate law, contract law, intellectual property, mergers and acquisitions and leasing. Before you can start in any of the areas mentioned above you should seek the advice of a qualified person. There are many books and websites out there that offer a variety of commercial law and corporate law advice and before you choose an adviser to work with you should consider their qualifications and references. An adviser who does not have your best interests at heart is unlikely to give you the best service.

Another important topic covered in this article is international trade and international business liability. This is a branch of finance that deals with a business owner being sued for breach of contract or a similar matter because of something that happened in a country other than where the business is located. As with corporate law there are many different types of entities that fall under the umbrella of international trade and what occurs in a case like this depends on the parties involved and what laws they have in place. This is very complex subject and it takes a qualified individual to understand all of the legalities involved in international trade and business liability. There are many finance specialists and attorneys that specialize in these cases and you should use one of them if you believe that you could be the victim of a similar situation.

Taxation of partnerships is also another branch of commercial law that is quite common and is the subject of another article that I have written. What happens in a partnership tax case basically is that the partners take on each others liabilities and assets and then divide up the assets accordingly. The only way one partner is legally able to exclude himself from the proceedings is by creating a trust that the partnership owns and holds. This is known as a limited liability corporation (LLC). Other common forms of partnerships are general partnerships and limited liability partnerships (LLP) as well.