Maine Business Lawyers
Commercial law controls all aspects of business, including marketing, transactions, collections, and business organization. Specific ordinances and legal principles unique to Maine govern the application of law to businesses. In Maine, Commercial law is complex, and it includes principles that are very different from those that apply to individuals.
The Law of Transactions in Maine
In daily operating activities, a normal business buys and sells often. Some of these transactions are bound to pose problems. Contracts in Maine often require legal action to enforce, whether the contracts are formed with consumers or other businesses. It is best to plan beforehand through contracts and purchase agreements. But for these documents to be of legal effect, they must be drafted according to Maine law. Investing activities on a securities exchange also require an understanding of certain Maine and Federal laws. The laws of investments include specific provisions for corporations investing as entities.
Business Organization and the Law
Maine law outlines the options a business has in determining its structure and organization. Maine law outlines how a business can incorporate, and it may want to do so considering the many advantages of the corporation as a business form. Without considering the options carefully, the business may be exposed to unnecessary tax liability. The appropriate business structure for your company can be challenging to determine. An attorney specialized in Maine business law can help you find the right business form for your unique situation.
Interesting Facts About Maine
Maine is situated on the eastern coast of the U.S., and is bordered by the Atlantic Ocean. As a coastal state, Maine's laws, economy and culture are heavily influenced by coastal and maritime aspects. Maine was contained within Massachusetts before it became a separate state.
Maine's legal system is organized according to the Maine Constitution. It consists of the Maine Supreme Judicial Court, the Maine Superior Court, and the District Courts. The Supreme Court is among a handful of state Supreme Courts that are authorized to issue advisory opinions. These provide information and clarification on specific issues, as requested by the legislature or by the governor. The Maine Supreme Judicial Court is somewhat atypical because it is located in Portland and not in the capital city of Augusta.
Maine is an "alcohol beverage control state" (ABC state). This means that the state of Maine exercises strict control over the retailing and wholesaling of alcoholic beverages. However, Maine is not an alcohol monopoly state, since the state does not directly run liquor establishments. Instead, the state contracts with private businesses and takes a commission on sales of alcoholic beverages in the state.
Lawyers in Maine are knowledgeable of the particular details that shape the state's laws. An experienced attorney in Maine can provide advice on legal questions and can help clients obtain legal relief. Maine lawyers are licensed by the state bar and practice law according to state standards.
