Business Law in Tennessee
Don’t settle for a lawyer in Tennessee 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.
The Tennessee Chamber of Commerce and Industry compiled a list of new business laws that the Tennessee General Assembly recently passed. For example, the Tennessee Business Fairness Act allows businesses to remain open during a pandemic or other health emergency if they follow safety guidelines issued by the government. The ACT puts all businesses on the same playing field in a declared state of emergency. This means that small businesses are not forced to close while their bigger competitors stay open.
Staying abreast of current commercial laws can be extremely overwhelming, especially as you’re trying to run a business. Keeping an experienced Tennessee 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 Tennessee Business Law Attorney Can Help
Tennessee 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 Tennessee is essential to the legal compliance and sustainability of your business.
Areas of Business Law
There are business attorneys who specialize in Tennessee that offer their services to businesses in unique situations. Following are some of the many areas of business law that they tackle.
If you are developing your business in Tennessee , 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 Tennessee business attorney will help you to prepare the necessary paperwork quickly and professionally. They also help you to 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 business attorney will also let you know how to register your business in Tennessee 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 Tennessee Department of Revenue, Tennessee businesses with gross receipts of $10,000 or more must obtain a standard business license from their County Clerk. Additionally, businesses must also obtain Industry-specific licenses. For example, Tennessee accountants must obtain a license from the Tennessee State Board of Accountancy. As well, restaurants that want to serve alcohol can obtain Liquor-By-the-Drink licenses or On-Premise Consumption licenses from the Tennessee Alcoholic Beverage Commission.
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, to begin with. Attorneys can help with the process of protecting IP rights through trademarking and copyright. A business lawyer in Tennessee 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 Tennessee 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. For instance, companies that rent products would fall into this category.
When most people picture Tennessee 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 Tennessee Attorney General’s Office is responsible for enforcing the Tennessee Consumer Protection Act, and other related consumer laws. In fact, you can file a complaint online if you are the victim of unfair or deceptive business practices. The AGO will generally try to mediate the issue but can also initiate cases based on these complaints. Keep in mind, the AGO can seek restitution for the ascertainable losses of consumers, but the office cannot represent individual consumers.
A qualified Tennessee company and agents that lobby on its behalf can advocate for changes to laws. However, first, 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.
According to the Tennessee Bureau of Ethics and Campaign Finance, all lobbyists working in the state must register with The Tennessee Ethics Commission (TEC). Additionally, the TEC provides a comprehensive Manual for Lobbyists and Employers of Lobbyists outlining state requirements.
For example, a lobbyist must pay $150 for each registration they submit to the TEC. You must pay the registration fee within 30 days of registering. Additionally, lobbyists must take an annual ethics training course with the TEC, at a cost of $40 per year.
There are many other types of business attorneys that your organization in Tennessee 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 Tennessee 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 Tennessee 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 Tennessee 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 Tennessee business stay out of trouble. Steering clear of legal disputes is 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 Tennessee 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 Tennessee 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!