Corporate law is also known as business law or enterprise law or sometimes company law. It is the body of LAW governing the rights, relations and conduct of persons, Companies, organisations, institutions and businesses.
It refers to the legal practice relating to, or the theory of Corporations. Corporate law often describes the law relating to matters which derive directly from the life-cycle of a corporation. It thus encompasses the formation, funding, governance, and death of a corporation.
While the minute nature of corporate governance as personified by share ownership, Capital Market functions and business rules differ, similar legal characteristics and legal problems exist across many jurisdictions. Corporate law regulates these. Corporate Law Looks into how all the aspects and parts of a corporation including the consumers interact with one another. Therefore Corporations law is an important career role after pursuing law.
Whilst the term company or business law is colloquially used interchangeably with corporate law, business law often refers to wider concepts of commercial law, that is, the law relating to commercial or business related activities. In some cases, this may include matters relating to corporate governance or finances. When used as a substitute for corporate law, business law means the law relating to the business corporation (or business enterprises), i.e. capital raising (through equity or debt), company formation, registration, etc.
Thus, we see law can be a very fruitful career option and one can chose to go into Corporations Law. This is a growing industry and many LAW Students go for this option.