Business law is a broad term encompassing all aspects of starting, running and growing a business. The law related to business includes local, state and federal law. However, a big aspect of business law is the law of contracts. A lawyer skilled in business law will be able to counsel your business both as to compliance law issues and with regard to business contracts. Many business lawyers can also assist a business with issues related to employment law, securities law and consumer law matters. Business and law are so related that virtually every aspect of starting, running and growing a business involves the law. As a business grows, often it will hire one or more attorneys to manage all law related issues. Other times, the business will have both in-house law experts and outside law counsel.