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What Is Business Law?

Posted by Chris Peterson | Dec 26, 2014 | 0 Comments

What Is Business Law?

What Is Business LawBusiness law encompasses a broad range of issues pertinent to the creation, purchase, sale, and operation of businesses of all sizes and forms. A business attorney in College Station will of necessity have a strong understanding of business operations and should possess a track record of successfully representing clients.

The Legal Environment for Businesses Today

Businesses large and small face particularly challenging matters today. A lawsuit against a small business can cause its demise. Litigation against a corporation can produce damaging media attention. The business owner today needs to be especially careful to avoid litigation if possible, and secure strong representation if this proves impossible. A major obstacle lies in the fact that today people are very litigious and will seek legal remedy for the smallest issue. For this reason, many larger businesses keep a staff of attorneys in their employ. These individuals often will specialize in the various areas that comprise business law.

Areas Covered by Business Law

You never can be sure that a lawsuit against your company isn't just around the corner. It is best to be fully prepared for such a situation. The following are areas of law with which business lawyers often deal:

  • Formation and dissolution of businesses
  • Contractual disputes between parties
  • Shareholder disputes
  • Partner disputes
  • Loans
  • Real Estate Transactions
  • Problems with management
  • Breach of trust
  • Employee disputes
  • Wrongful termination lawsuits
  • Governance
  • Tax matters
  • Business structure and management
  • Intellectual property

Every state has adopted the Uniform Commercial Code (UCC). This is the fundamental underlying authority for all legal issues regarding business and commerce. There are nine articles comprising the UCC. Other laws both on the federal and state level apply and can affect your business. This is one reason why you need to work with an attorney who is proficient in the field of business law when pursuing litigation.

Seek Legal Representation for any Business Law Matter

If you are embroiled in a dispute within the company or with another business, it is very important that you hire a College Station business lawyer who will fight for your best interests. Call Peterson Law Group today to arrange a consultation at 979-703-7014 or 936-337-4681.

About the Author

Chris Peterson

Chris Peterson is the owner of Peterson Law Group. He practices primarily in the areas of wills, trusts and estate planning; probate and trust administration; elder law; and business law. Chris is also the owner of Brazos 1031 Exchange Company.


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