Business Law in Durham, NC
Don’t settle for a lawyer in Durham, North Carolina that lacks the experience and deep knowledge of commercial law that your business deserves. We can connect you with an experienced business law attorney to handle your case.
What Is Business Law?
Business law regulates the conduct of merchants, persons, and businesses who engage in commerce, trade, and sales. Business law is also commonly referred to as commercial law. It covers a broad area, such as real estate laws, safety laws, food laws, and environmental regulations.
North Carolina recently passed Senate Bill 507 which amended the North Carolina Business Corporation Act. Effective October 1, 2021, a board of directors of a corporation can now change the corporation’s name without shareholder approval. This change is legal as long as the corporation only has one class of shares outstanding.
Staying abreast of current commercial laws can be extremely overwhelming, especially as you’re trying to run a business. Keeping an experienced Durham, North Carolina business law attorney on retainer or at least a simple phone call away can help ensure your business remains compliant. Compliance issues can lead to costly damages, so a proactive approach is always best.
How a Qualified Durham, North Carolina Business Law Attorney Can Help
Durham business laws are often associated with unique legal issues. One of the most substantial parts of business law is contract violations. When transactions occur between customers and businesses, this usually involves a contract. Still, some legal concerns and problems happen more often than others.. Here are some additional aspects of commercial law that a business attorney can help with:
- Starting a new business
- Protecting intellectual property
- Protecting trade secrets
- Terminating a business
- Transferring a business
- Tackling unfair competition
- Addressing consumer complaints
- Handling marketing and advertising disputes and violations
Costly commercial disputes often cover multiple areas of business law. This is why hiring experienced commercial law lawyers in Durham, NC is essential to the legal compliance and sustainability of your business.
Areas of Business Law
Specialized business attorneys in Durham offer their services to businesses in unique situations. Here are some of the many areas of business law that they tackle.
If you are developing your business in Durham, a lawyer can help you decide whether you list your company as a limited liability company or a corporation. They will also assist with the paperwork you need to file for your business.
When you need to form contracts with your suppliers, clients, customers, and your employees, a business attorney will help you to prepare the necessary paperwork quickly and professionally. They also help you respond to any contracts that other organizations or people want your business to sign.
Licenses and Taxes
While the accountant that your business has will prepare and file the tax returns with your business, your Durham business attorney will also let you know how to register your business in North Carolina for state tax identification and federal tax identification numbers. They also provide you with the knowledge that you need to understand any tax consequences and defend you in court, if necessary.
According to the North Carolina Secretary of State, North Carolina does not offer a single generic business license. Instead, there are over 700 regulatory, state-issued occupational licenses and permits. For example, a taxidermist in Durham must obtain a license from the North Carolina Wildlife Resources Commission. Additionally, businesses that operate in the city of Durham must obtain a privilege license from the Durham Business Tax Unit.
Intellectual Property Rights
When an individual creates something, they have some automatic rights to their ideas. However, if someone steals the idea, they may have a difficult time proving the idea or creation was theirs, for starters. Attorneys can help with the process of protecting IP rights through trademarking and copyright. A business lawyer in Durham, NC can also help you seek reparations from companies that infringe on your IP rights or defend you against accusations.
Physical properties also need protection. In Durham, North Carolina in most instances, this refers to immovable property, such as real estate. Property law governs the use, sale, transfer, or rental of this type of property. Some business attorneys may include premises liability in this area, such as slip-and-fall accidents. Property law may cover moveable assets as well. Companies that rent products would fall into this category.
When most people picture Durham, NC businesses going to court, they imagine businesses or business people suing each other. This certainly happens quite often, but companies and consumers sue each other too. Consumers often sue companies for defective products or false advertising. Companies, in turn, may sue consumers for libel or slander.
The Consumer Protection Division (CPD) of the North Carolina Attorney General’s Office safeguards Durham consumers from fraudulent businesses. In fact, the CPD has helped consumers get more than $100 million of their money back. If you live in Durham, you can file a complaint online with the CPD. Keep in mind, the agency cannot represent you in a private legal case. Instead, the CPD can enforce the law on behalf of all North Carolina consumers.
A qualified Durham, North Carolina company and agents that lobby on its behalf can advocate for changes to laws. However, they must have a deep understanding of the following:
- What the current laws are
- How the current laws affect the business
- What changes might provide better opportunities for the business
This is an especially common hurdle in the world of tech and engineering. For instance, the tech and transportation industry have banded together to lobby governments to consider allowing autonomous vehicles on public roads for testing and eventual official use.
North Carolina’s Secretary of State oversees a Lobbying Compliance Division that regulates the actions of professional lobbyists. However, you only have to register if you are paid as a lobbyist to lobby “designated individuals”. North Carolina law defines “designated individuals” as legislators, legislative employees, and policy-making employees in the executive branch.
There are many other types of business attorneys that your organization in Durham may benefit from using. If you’re not sure about what type of business attorney your company needs, use the form below to get connected with the best legal help in your area.
Work With an Experienced Durham, North Carolina Business Law Lawyer
Hiring a business law attorney near you can help you to resolve many commercial issues that may emerge. In addition to this, commercial law attorneys in Durham can provide you with legal research, legal advice, and any other types of services that your business needs to protect itself or to fight a claim.
A commercial law attorney is also beneficial if your business needs to file a lawsuit or if you’re ever in a situation where you have to attend a court hearing. Additionally, a business law attorney in Durham, NC will help you determine the best course of action for your business if you are ever in violation of any laws.
Most importantly, a business attorney helps your Durham business stay out of trouble. Steering clear of legal disputes is almost always less costly than trying to find your way out of one. While it is not always possible to avoid business litigation, doing all you can to avoid one can go a long way to protecting your business.
Are you looking for a business attorney in , NC to defend your business interests? We can connect you with an experienced and passionate lawyer at no cost to you. We can even help you connect with an attorney across North Carolina state lines.
Submit a request online or call us today at (866) 345-6784 to get in touch with an experienced lawyer in your area!