Business Law for the Entrepreneur and Manager (3rd Edition)

Have you ever wondered why some firms are "Incorporated or Inc.," some are "Limited Liability Company, or LLC," while others are "limited partnership" and so on? Do you know which is appropriate for an aspiring entrepreneur who wants to open his/her own business? Did you know that you can protect your business plan as a legally protected trade secret? Well, if you are not totally familiar with these terms and concepts, there is no need to worry. This book is designed to help you become familiar with such concepts so you can make appropriate decisions about your company's status. Entrepreneurs and managers deal with "laws of the land" every day and consequently must be aware of its nuances and complexities in order to successfully and interdependently work with others in the community, industry, and country. Thus, entrepreneurs and managers should become aware of the fundamental aspects of the legal system so they avoid legal problems and can seek the help of experts when dealing with complex issues. "Business Law for the Entrepreneur and Manager" is designed to provide the foundational aspects of the American legal system, as practiced in the United States, for current and aspiring entrepreneurs and managers. By reading and becoming familiar with the various topics presented, you will be better prepared to more effectively deal with legal challenges. "Business Law for the Entrepreneur and Manager" introduces the reader to fundamental principles of the laws regulating business as well as their practical application in the United States. The various chapters cover such topics as the law and the basic legal principles impacting entrepreneurs and managers; the foundational business laws that entrepreneurs and managers in the United States must become aware of and understand; business ethics and corporate social responsibility; as well as other important legal topics such as constitutional law, administrative law, torts, products liability, crimes, contract law, sales and agency laws, commercial paper, various forms of business organizations, and debtors and creditors laws. The study of this legal material will be beneficial to entrepreneurs and managers. Business school law professors have been using this book for Business Law I and Business Law II courses.