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Business law (or transnational law) is broad legal area. In simplest terms, business law involves the legality of business creation and administration.

Common areas of business law include: compliance with state and federal regulations, contract/lease creation and evaluation, business formation, franchising, and non-profit business compliance.

Generally, business lawyers deal with issues outside a courtroom. Issues requiring litigation are normally handled by trial attorneys. Business lawyers often serve as counselors-at-law, providing clients with referrals to specialists best suited to assist a client's needs.

Therefore, business lawyers often collaborate with Litigators, Bankruptcy attorneys, Wills & Trusts attorneys etc.