Rhode Island Business Lawyers
Commercial law controls all aspects of business, including marketing, transactions, collections, and business organization. Particular ordinances and legal principles unique to Rhode Island govern the application of law to businesses. In Rhode Island, Commercial law is complex, and it includes principles that are extremely different from those that apply to individuals.
The Law of Transactions in Rhode Island
In daily operating activities, a normal business buys and sells often. Some of these transactions are bound to pose problems. Contracts in Rhode Island 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 Rhode Island law. Federal and Rhode Island 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
Rhode Island law outlines the options a business has in deciding its structure and organization. Businesses organized as corporations have many benefits, but the company must follow Rhode Island 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 appropriate business structure for a company can be a challenging task. Lawyers versed in local Rhode Island business law can be a valuable resource for counsel for the unique circumstances of your business.
Interesting Facts About Rhode Island
Rhode Island is situated along the eastern portions of the United States. It has the second highest population density of all U.S. states, although it has the smallest total area. There are no county governments in the state, as Rhode Island is divided into municipalities which oversee government matters for the state's 39 towns and cities.
As one of the older U.S. states, Rhode Island played a major part in the development of early American laws and government structure. Today it is often at the forefront of legal and legislative trends. For example, Rhode Island was the second U.S. state to abolish capital punishment. Out of the 50 states, Rhode Island has one of the most complex body of tax laws.
Rhode Island's highest court divisions are the Supreme Court of Rhode Island and the Superior Court. Below these levels, Rhode Island operates District Courts and Municipal Courts. Rhode Island's judiciary is distinct in that it also has a separate Worker's Compensation Court. Many landmark cases have been heard at Rhode Island's Supreme Court. An important Rhode Island case is Picard v. Barry Pontiac-Buick, Inc. (1995, often cited in law schools as the standard example of battery.
Lawyers in Rhode Island practice law according to strict professional standards and guidelines. This helps to boost the degree of professionalism for Rhode Island lawyers. Continuing Legal Education Programs help attorneys in Rhode Island sharpen their legal skills.