New York Business Lawyers
Commercial law controls all aspects of business, including marketing, transactions, collections, and business organization. Particular ordinances and legal principles unique to New York govern the application of law to businesses. In New York, Commercial law is complex, and it includes principles that are extremely different from those that apply to individuals.
The Law of Transactions in New York
In daily operating activities, a normal business buys and sells often. Some of these transactions are bound to pose problems. Contracts in New York often require legal action to enforce, whether the contracts are formed with consumers or other businesses. It is ideal to plan beforehand through contracts and purchase agreements. But for these documents to be of legal effect, they must be drafted according to New York law. Federal and New York law also include provisions that apply to investing activities and securities exchanges conducted by corporations. These laws become important once business starts investing in the capital markets.
Business Organization and the Law
Particular laws in New York determine the options available to business owners in structuring and organizing their companies. Businesses organized as corporations have many benefits, but the company must follow New York law in order to incorporate. Considering the options carefully will ensure that the business is not exposed to tax liability that it could have otherwise avoided. Picking the right business structure can be challenging. A New York attorney can help you in your research and give valuable advice specific to your situation.
Interesting Facts About New York
New York is situated in the Northeastern region of the U.S. Nicknamed "The Empire State", New York was historically considered the "gateway" into the United States. New York life captures much of the classic American dream, as the state is often equated with opportunity and success. New York has the third highest population of all U.S. states.
New York's court system is officially named The New York State Unified Court Systems. For some people, navigating New York's court system can be challenging- New York uses different terminology in naming their courts as compared to other states. For example, New York's trial courts are called "Supreme Courts" instead of Superior Courts. Also, the highest court is the Court of Appeals, whereas in other states the highest court is usually named the Supreme Court of the State.
In addition, New York maintains a number of "problem-solving" courts. These offer additional measures for cases involving drugs, mental health issues, and repeat offenses. Such programs reflect New York's role as an innovator in the fields of jurisprudence and lawmaking. New York has produced a number of U.S. Supreme Court Justices, including Benjamin N. Cardozo, Sonia Sotomayor, Ruth Bader Ginsburg, Antonin Scalia, and Chief Justice John Roberts.
New York's body of laws is one of the most complex in the U.S. Thus, lawyers in New York state are required to pass one of the most difficult bar exams in the country. New York lawyers offer legal expertise in all kinds of legal topics.