Attorneys

The legal profession contributes to the business world by supplying most of our legislators, who set the legal framework of business operations and for us as individuals. Such a framework is essential in a society that operates through a system of laws designed to protect the rights of individuals. Business firms need the same protection. Most large firms have a permanent staff of attorneys working in their legal department, while small businesses retain an attorney on a fee basis or hire one when needed. Most of the laws governing business are now gathered together in the Uniform Commercial Code, but conflicts often require legal settlement. The organization of business firms has many legal implications, a subject explored.