What is Business Law?
Envision yourself as an individual on the brink of an entrepreneurial venture. You know what you want to do. You’ve been thinking about it for months, years…maybe, all of your life. You want to take the next step, but you just don’t know exactly what that next step is. Business Law is the area of law that addresses all things business. It’s a very broad area of law, filled with answers to your business-related questions. The wise first step would be to contact an attorney who can help you.
Let’s spend a few minutes defining Business Law and identifying the role of a paralegal employed in this area of law.
Business Law – A Definition
Business Law, very broadly defined, covers any issue related to business. Basically, any issues that accompany the formation and day-to-day management of a business are covered by Business Law.
Business Law Issues
Some of the issues covered by Business Law are business organizations (sole proprietor, partnership, corporation, etc.), contracts, sales, employment law, property, securities fraud plus Uniform Commercial Code (UCC) compliance.
The Role of the Business Law Paralegal
As you can see, there are many areas, offices and organizations under the Business Law umbrella where a paralegal can use his or her skills. Following are a few of the duties of a Business Law paralegal, all under the supervision of an attorney:
- Draft correspondence and legal documents, including contracts
- Make UCC filings
- File documents with the Secretary of State
- Interact with clients and all involved parties
- Assist with incorporation, maintenance, merger, acquisition, modification or dissolution of corporations, LLCs and partnerships
- Maintain schedules and case files
- Monitor progress of cases
The Importance of Paralegal Training
If you are interested in a career as a Business Law paralegal, obtain the paralegal training you need. The job outlook is good for paralegals. What do you need to set yourself up as a competitive applicant? Paralegal training resulting in a Paralegal Certificate, national certification and specialization should be high on your list. Check out the latest Bureau of Labor Statistics outlook information: http://www.bls.gov/ooh/legal/paralegals-and-legal-assistants.htm#tab-6.
The AIPS Advantage
The following AIPS online paralegal classes will help prepare you for a paralegal career:
- Business Law
- Legal Research
- Criminal Law
- Workshops: Lexis, Ethics, Law Office Skills, Administrative Law, Writing, Citation, Judgment & Analysis
- CP (Certified Paralegal) Test Prep Course for NALA CP Exam
- Corporate Law Specialist Certificate