Business law has some narrow aspects, one of these being in regards to the relationships of the business, the owners, and the managers to other stakeholders. Generally other types of law govern these relations. Also, a small amount of employee protection is contained within business law, but it mostly focus' on establishing who is responsible for employee obligations. The rights and obligations of employees is governed by contract law.
The subject of business law does not deal with relationships between a business and its trade creditors, financial creditors, and customers. Various other categories of law such as contract, tort, property, and criminal law, deal with these relations. Instead, the liability of the business organization to obligations created under these other categories is what concerns business law.
Due to their complicated and multidimensional relationship with the public, business decisions have an enormous impact in areas such as employment, the environment, and tax revenues. Thus business is subject to many regulations in these areas. Yet once again, such aspects are not the subject of business law.