Tennessee Business Lawyers
Commercial law includes all aspects of business, including marketing, transactions, collections, and business organization. Specific ordinances and legal principles unique to Tennessee govern the application of law to businesses. In Tennessee, Commercial law is complex, and it includes principles that are very different from those that apply to individuals.
The Law of Transactions in Tennessee
In daily operating activities, a typical business buys and sells often. Some of these transactions are bound to pose problems. Contracts in Tennessee 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 Tennessee law. Federal and Tennessee law also include provisions that apply to investing activities and securities exchanges conducted by corporations. These laws become important once business begins investing in the capital markets.
Business Organization and the Law
The structure and organization that a business entity may choose are governed by Tennessee law. Incorporation carries a set of unique advantages, but Tennessee has its own guidelines regarding applications for incorporation, as do all other states. Proceeding without considering the options carefully may expose your business to tax liability that it otherwise could have avoided. Finding the appropriate business structure for a company can be a difficult task. Attorneys versed in local Tennessee business law can be a valuable resource for counsel for the unique circumstances of your business.
Interesting Facts About Tennessee
Tennessee is part of the Southeastern region of the United States. It is one of the nation's major producers in areas like agriculture, electrical equipment, and transport equipment. Tennessee is also popular for its history of musical acts originating from the state, with Nashville being considered by many to be the center of recorded country music. Much of Tennessee's law is devoted towards regulation of these important industries.
The Tennessee Supreme Court is the state's court of last resort. Unlike other state supreme courts, the Tennessee Supreme Court meets in several locations (Knoxville, Jackson, and Nashville). In addition, the Tennessee Supreme Court has met in many other cities in connection with legal education projects for high schools. Tennessee's Supreme Court is the only one in the nation that appoints the state's Attorney General; in all other states, the appointment is made by election or by the state governor.
Many Tennessee laws and court cases have influenced national legal trends. For example, Baker v. Carr (1962) is a landmark U.S. Supreme Court case originating in Tennessee. The Baker decision established the doctrine of "one man, one vote". This doctrine helped to balance voting and election standards, especially for communities that may be underrepresented in elections.
Lawyers in Tennessee can help interpret the state's laws and regulations. Tennessee lawyers provide assistance with various legal issues and concerns. An attorney in Tennessee can also provide representation in court during trial.