| cl | | | | But corporate law governs big business which usually |
| One of the dominant types of law in todayâs | | | | has a separate and unique legal personality, with or |
| business world is the corporate law. It can be | | | | without unlimited liability for all its shareholders. Here |
| explained as a study of how shareholders like the | | | | depending upon the performance of the board of |
| employees, employer, creditors, and stakeholders like | | | | directors, the shareholders may buy or sell their stocks. |
| customers, the environment and the community | | | | Corporate law mainly deals with companies that are |
| interact with each other under a set of internal rules of | | | | registered under the corporate law of the Sovereign |
| the company. | | | | or the Sub-national state. Corporate law is often |
| There are several types of business associations like | | | | divided into Corporate Finance and Corporate |
| a partnership, a trust or limited guarantee companies. | | | | Governance. |