Mississippi Business Lawyers
Commercial law governs all aspects of business, including marketing, transactions, collections, and business organization. Specific ordinances and legal principles unique to Mississippi govern the application of law to businesses. In Mississippi, Commercial law is complex, and it includes principles that are very different from those that apply to individuals.
The Law of Transactions in Mississippi
In daily operating activities, a usual business buys and sells often. Some of these transactions are bound to pose problems. Contracts in Mississippi 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 Mississippi law. Investing activities on a securities exchange also require an understanding of certain Mississippi and Federal laws. The laws of investments include specific provisions for corporations investing as entities.
Business Organization and the Law
Mississippi law determines the range of choices that a business has when organizing its business structure. It may be advantageous to incorporate, but there are specific guidelines in Mississippi law concerning how to do so. A business that does not consider its options carefully may need to restructure in order to avoid unwanted tax liability. Choosing the right business structure can be challenging. A Mississippi attorney can give personalized advice for your individual situation.
Interesting Facts About Mississippi
Mississippi is named after the Mississippi River, which marks the state's western boundary. Much of the state's economy revolves around the river. For example, Mississippi is one of the leading producers of farm-raised catfish in the U.S. The city of Jackson is Mississippi's state capital.
Mississippi is known for being an innovator in terms of new laws. The state was the first ever to implement a state sales tax, and the first to enforce a Married Women's Property Act. It was also one of the first states to decriminalize marijuana possession. On the other hand, Mississippi also maintains some very strict laws. Many counties in the state are "dry" counties, meaning that alcohol sales are heavily regulated in those areas. Also, the state has approved legislation banning same-sex marriages.
Mississippi's highest court of law is the Supreme Court of Mississippi. It was originally called the "High Court of Errors and Appeals". Some appeals go straight to the Supreme Court from the trial court level. However, most appeals are heard in the Mississippi Court of Appeals. The Court of Appeals is relatively young, as it began operations only in the year 1995. The Court of Appeals was created to relieve the Supreme Court's caseload.
Lawyers in Mississippi can provide much-needed help in many areas of law. Experienced Mississippi lawyers provide expert advice and guidance regarding the state's laws. An attorney in Mississippi can also represent you in court if a lawsuit is necessary.