Call us nowor use the form below.Frequently Asked Questions about Business and Commercial LawQ: What actions and disclosures must a collection agency provide to a debtor when commencing a collection? A: A third-party collection agency must comply with the federal Fair Debt Collection Practices Act (FDCPA). Pursuant to the FDCPA collection agencies must provide the following information to the debtor either in the initial communication or in writing within 5 days thereafter: (1) the amount of debt, (2) the name of the current creditor, (3) notice about the 30-day period in which the debtor may dispute the debt, (4) notice about the obligation of the collection agency to send the debtor verification of the debt if the debt is disputed and (5) notice that if the consumer requests it within 30 days, the debt collector will provide the name and address of the original creditor, if different from the current one. Q: What is bankruptcy? A: Bankruptcy is a legal way to seek relief from creditors. A debtor often files for bankruptcy protection when he or she owes creditors more than he or she has the ability to pay. Very broadly, under federal bankruptcy law, debtors' assets are used to pay off debt or payment plans are set up. |
Offices in Corpus Christi, Austin, and San Antonio
Central and South Texas Commercial Law Attorneys
Business Formation • Transactions • Litigation and Mediation
The business and corporate law attorneys of Porter, Rogers, Dahlman & Gordon, P.C. provide comprehensive legal solutions to small and large companies in South Texas, Central Texas, and the Rio Grande Valley. Our firm handles all aspects of commercial law, including business startup and dissolution, purchase and sales, mergers and acquisitions, and mediation and litigation of contract disputes.
Our business lawyers offer extensive credentials and experience in a full range of corporate law services, such as entity formation (LLC, LLP, C corp, S corp), buy-sell agreements and commercial transactions, shareholder negotiations and disputes, employment agreements and drafting of contracts. To discuss innovative solutions to your legal issue, contact the Central and South Texas commercial law attorneys of Porter, Rogers, Dahlman & Gordon, P.C.
Business and Commercial Law - An Overview
Business law and commercial law are broad legal topics that encompass business, commerce, consumer transactions, and the formation and management of business entities. Some of the more important areas of commercial law include sales, secured transactions, negotiable instruments, and debtor and creditor law. An attorney with experience in business and commercial law can help you with all of your questions.
The Sale, Lease and Distribution of Goods
Contracts for the sale, lease and/or distribution of goods are primarily governed by state law. However, most states have adopted the Uniform Commercial Code (UCC) with regard to these topics. An attorney who is experienced with the UCC can help you with your questions.
Secured Transactions and Negotiable Instruments
Secured transactions and negotiable instruments are two important areas of commercial and business law. In a secured transaction a borrower agrees that the lender may take property owned by the borrower as collateral should the borrower default on a loan; in other words, it is a way to secure a loan. A negotiable instrument is a writing that promises the payment of a fixed amount of money. Both of these areas are essential to modern business loans and everyday transactions.
Consumer Credit: Debtor and Creditor Laws
Credit allows people to promise to pay in the future in order to buy or borrow in the present. Credit is vital to our commerce system and is used every day by businesses and consumers. An understanding of the law governing credit is vital to protect your own interests, whether you are the creditor, a business owner, an entrepreneur or a lending agency.
The Forming and Managing of Business Entities
The forming and managing of business entities are important areas of business and commercial law. There are a variety of common business organization forms. However, most businesses are well served by a variation of one of the four major organizational forms. These major forms include: (1) the sole proprietorship, (2) the partnership, (3) the limited liability company and (4) the corporation. Each form has its specific advantages and pitfalls. A core focus on liability and tax implications should guide a new business owner in his or her selection.
Business and Commercial Law Resource Links
Commercial Law League of America®
Federal Trade Commission - Fair Debt Collection Practices Act (FDCPA)
National Association of Credit Management® (NACM®)
United State Small Business Administration (SBA)
Federal Trade Commission (FTC)
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With offices in Corpus Christi, Austin, and San Antonio, the law firm of Porter, Rogers, Dahlman & Gordon, P.C., serves South Texas, Central Texas, and the Rio Grande Valley. We have many clients in Atascosa, Bastrop, Bexar, Brooks, Burnett, Cameron, Comal, Duval, Gillespie, Hays, Hidalgo, Jim Wells, Kendall, Live Oak, Nueces, Port Aransas, San Patricio, Starr, Travis, Uvalde, Webb, Williamson, and Wilson counties, including the communities of Alice, Brownsville, Del Rio, Edinburg, Fulton, Harlingen, Laredo, McAllen, Rockport, and San Diego.
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