While some disputes may be resolved by consensus between the parties, others require more formal judicial procedures where the legal framework plays a fundamental role in achieving reasonable, expeditious and confidential settlement through arbitration. Only through transparent and neutral control and control mechanisms can the objectives of the legal framework for the regulation of companies and their business activities be effectively achieved. In this sense, the legal framework is the basis that legally supports the economic activity resulting from the normal functioning of the company, which is reflected, first of all, by the birth of legal personality in the company`s statutes; It is the mandatory document that gives the certainty that it will be created by legal means of the same, which will be verified before the respective commercial register of the nearest jurisdiction. Countries that have achieved positive results in terms of business growth have put in place a strong legal framework that recognizes the importance of supporting the growth of SME activities. The legal framework of a company consists of three fundamental areas of law: it results in a set of guidelines, codes of conduct and regulations within which each company must operate; such as the Commercial Code, which regulates the duties and rights of commercial activity, tax laws governing the obligations of taxpayers, labor laws and other laws inherent in economic activity; All in accordance with the constitutional framework of each country. We can define the legal framework of a company as all laws, regulations, ordinances and rules of a legal and mandatory nature that are subject to the economic activities of a company; be able to carry out the production process without presenting any risk or legal consequences for companies or dealers. Although for many entrepreneurs and small business owners, the legal framework of a business is seen as an obstacle, or as they would say colloquially, a loss in the shoe, full of obligations and a lot of taxes and heavy paperwork, the truth is that this is not the case! Cooperatives are not profit-oriented, they are created to meet a social or economic need or interest. This type is usually formed by the company`s workers, suppliers and customers. It receives funding on the basis of partners` investments. Such as the implementation of international tax principles through tax laws or International Financial Reporting Standards (IFRS). We also have annexes to the general rules of foreign trade, and these annexes will have an annex. Like everything, there are annexes that are more important than others, for example the instructions in Article 22 for the execution of the order or the goods management system in Article 24.
One of them is clause 31, which will help us deal with the whole issue of credits and guarantees. The legal framework for companies and their business transactions must meet a certain standard of uniformity and clarity, so that legislation must constantly adapt to a new reality of commercial globalization and define as explicitly as possible similar requirements, obligations and rights for simulated situations; Use the same language that helps understand legislation and compliance. For the legal framework of a company to be valid, this company must be founded by one or more natural or legal persons, if it is a natural person, because we are talking only about this person and the legal person is not as such a natural person, but as an institution (it can be founded by one or more persons). The legal framework of a company is the set of laws, regulations and rules of a legal nature that govern the economic activity of a company, which derives from the constitution of the same and includes first of all the constitution of the country, the Commercial Code, as well as the laws and regulations in commercial, tax and labor matters. We pause, unfortunately, there is no choice but to talk about the technical aspects, because it can be confusing to say it in other words, so far, I hope that the legal framework of an organization is clear, essentially laws, processes and payments. We continue with the example of a company`s legal framework. The legal framework of a company consists of a set of restrictions or restrictions that delimit the company, in short, what the company can and cannot do. In addition, this legal framework of a company is the one that constitutes it and gives it its corresponding classification, we must bear in mind that the company`s policies must be linked to its legal framework, or at least coincide, we want a company policy not to violate the corresponding legal framework. The legal framework that revolves around a company can be an ally if we know how to use it to our advantage to promote the growth and development of the company. “In the legal framework, laws are interpreted as a set of rules that restrict the work of organizations, while their formulation, based on the approaches of the electorate, is more faithful to the need to guide the line of a particular project, in this case the social and economic growth of a nation. The only thing that differs is that in this company several people respond, not just one.
If the business can`t take care of its debts, the owners will do so with their assets. In addition, it is essential to comply with the entire legal framework of the company in order to access financing through the banking system or to attract new business partners. In this example of the legal framework of a company, we will see foreign trade, let`s start with the regulatory framework formed by: There are different types of business activities, these are: However, there are many other laws that make up the legal framework, all of which comply with the constitutional framework applied according to various criteria, which are characteristic of each company. Therefore, you can find more specific laws after: let`s take an example of the legal framework of a company, if you write a letter in Word, text or something else, it has margins that do not allow you to write more, these margins can be shifted depending on what you want to do, the legal framework is similar, Because depending on the company and the country, you have margins that cannot be exceeded.