What is operating law?

Operating law refers to the legal framework that governs the operations of a business or organization. This includes laws and regulations related to business formation, taxation, employment, intellectual property, contracts, and other aspects of business management. Operating laws are designed to protect the interests of the business and its stakeholders, as well as to ensure compliance with legal and ethical standards.

The specific operating laws that apply to a business will depend on its size, industry, location, and other factors. For example, a small retail business will be subject to different operating laws than a large multinational corporation. Businesses must also comply with federal, state, and local regulations, which can vary depending on the jurisdiction.

Operating laws are important for businesses to understand and comply with in order to maintain legal and regulatory compliance, protect their assets, and avoid legal disputes. Many businesses work with legal professionals to manage their compliance with operating laws and ensure they are following best practices for their industry.