What Entrepreneurs Need to Know about California Commercial Law
Commercial Law FAQs
For the new California entrepreneur, one consistent piece of advice you are likely to hear is to retain the services of an experienced commercial law attorney. While this is certainly good advice, the reasons why this is so may not be as readily apparent. This is because most new entrepreneurs – and even some seasoned business owners – do not fully comprehend the scope, purpose or objectives of commercial law.
What You Need to Know About Commercial Law in California
For those who “do not know what they do not know” about commercial law in California, the following frequently asked questions may provide a basic yet solid base:
- What is commercial law, anyway? Simply put, commercial law is the body of law that impacts or directs how commercial transactions and business activities are to be conducted. This “body of law” includes statutes and regulations impacting business formation, contracts, secured transactions, and other similar topics.
- What advantages are there to having an attorney as opposed to using “do-it-yourself” forms (like contracts)? Your business’s legal matters, issues, and challenges are unique and fact-dependent: unless you know how California law is to be applied to the specifics of your situation, you may end up giving up important rights, getting yourself into needless litigation, or otherwise harming your business interests by utilizing a form that is not tailored to your business’s needs.
- Won’t a commercial lawyer want to litigate matters so as to increase his or her fees? Quite the opposite – a good commercial law attorney works hard to keep you out of the courtroom. By carefully crafting contracts and other business documents, your attorney can help head off litigation before it starts. When a dispute must be litigated, your attorney can act to help resolve the dispute more expeditiously, saving you time and money.
- What business form is right for me? Determining what form your new business should take is not a decision to be made lightly. You will want to consider the advantages and disadvantages of each business entity form before making a decision. Your California commercial law attorney can review your business’s goals and your concerns and help you determine the best choice for your business.
- What is mediation? What is arbitration? Mediation and arbitration are both types of alternative dispute resolution (ADR) methods – that is, methods whereby a legal dispute can be resolved outside of the courtroom. While ADR may be able to save your business time and money, it may not be the most effective method for you to resolve your dispute.
Contact JGPC Law to Learn More About Our Commercial Law Services
JGPC Law is available to help businesses in Livermore, Tracy, Danville, Oakland, and Fremont navigate the often-complex California commercial law landscape efficiently and with the maximum benefit to your business. Contact JGPC Law by calling (925) 463-9600 or by contacting the firm online. We will answer your business and commercial law-related questions and ensure you know how to protect your business and its future.
Originally posted at: https://www.jgpc.com/need-to-know-commercial-law-california/