Business law and commercial law are two separate areas of legal practice; however, they cover so many overlapping topics that most attorneys who practice one will also be experienced in the other. In my nearly four decades of practicing law, I've helped many clients in the Dallas, Texas, area with their business and commercial law cases.
Business law is regulated by both state and federal law and focuses on multiple aspects of running a business, including:
Formation and management of business entities
Legality of business operations
Mergers, acquisitions, and closures
Leasing and purchasing of business properties
Basic workplace safety and employment rules
Commercial law governs the purchase, sale, and distribution of goods, as well as the financing of the transactions. Commercial law typically consists of, but is not limited to:
Your business's internal and external security
Debtor and creditor law
Contract terms and conditions
The zoning of your business
The federal government primarily governs stocks and investments, workplace safety and employment laws, and environmental protections. States, however, can add to these federal laws and pass their own laws in other areas, such as imposing licensing requirements for certain professions and establishing rules for forming and running a legal business.
Commercial law is primarily regulated by the Uniform Commercial Code (UCC), which is a model set of laws regarding the sales of goods, leases of goods, negotiable instruments, and secured transactions. All states have adopted some form of the UCC, though each state is free to make its own modifications to the laws as it sees fit. Because many states have modified at least some of the UCC provisions to fit their needs, it is important to hire a lawyer familiar with the UCC as it has been enacted in your state. As an experienced business & commercial law attorney in the Dallas, Texas, area, I can help you with all questions regarding your business. Contact me today to schedule a free consultation.