Best Corporate & Commercial Lawyers in Philadelphia

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Gordon Rees Scully Mansukhani, LLP.
Philadelphia, United States

Founded in 1974
1,688 people in their team
English
As the only law firm with offices and attorneys in all 50 states, we deliver maximum value to our clients by combining the resources of a full-service national firm with the local knowledge of a regional firm. Featuring more than 1,000 lawyers nationwide, we provide comprehensive litigation and...
Greenberg Traurig, LLP.
Philadelphia, United States

Founded in 1967
2,300 people in their team
English
Five decades ago, while at lunch in a South Florida deli, attorneys Larry J. Hoffman, Mel Greenberg, and Robert Traurig saw an opportunity to establish a new breed of law firm for South Florida; a firm that mirrored a New York style firm. In 1967, they founded the law firm Greenberg Traurig...
Ice Miller LLP
Philadelphia, United States

Founded in 1910
350 people in their team
English
Built on a foundation of legal service more than a century long, Ice Miller LLP is committed to helping our clients stay ahead in a changing world.Our diverse client base ranges from start-ups to Fortune 500 companies and from governmental entities to educational organizations and pension funds. We...
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About Corporate & Commercial Law in Philadelphia, United States

Corporate and commercial law in Philadelphia addresses the legal needs of businesses operating in the city and throughout Pennsylvania. This area of law covers the formation, organization, governance, regulation, and dissolution of companies. It also includes matters such as contracts, mergers and acquisitions, partnership issues, regulatory compliance, intellectual property, employment issues, commercial transactions, and dispute resolution. Given Philadelphia's position as a major commercial hub, its legal landscape is shaped both by Pennsylvania state law and federal regulations, making qualified legal counsel essential for business success.

Why You May Need a Lawyer

There are several common situations where individuals or business owners in Philadelphia may need assistance from a corporate or commercial lawyer:

  • Starting a new business and choosing the right business structure
  • Dissolving or restructuring an existing company
  • Drafting, reviewing, or negotiating contracts with vendors, clients, or partners
  • Navigating mergers, acquisitions, or joint ventures
  • Resolving shareholder, partnership, or member disputes
  • Handling employment and labor law matters
  • Addressing allegations of regulatory non-compliance
  • Pursuing or defending against business-related litigation
  • Protecting intellectual property or trade secrets
  • Managing bankruptcy or insolvency proceedings

Legal guidance is crucial to ensure business activities comply with city, state, and federal laws while minimizing risk and promoting growth.

Local Laws Overview

Philadelphia businesses must adhere to a combination of local ordinances, Pennsylvania state statutes, and federal regulations. Key aspects to consider include:

  • Business Formation: Pennsylvania law governs the creation and registration of entities such as corporations, LLCs, partnerships, and sole proprietorships, typically regulated by the Pennsylvania Department of State.
  • Licensing and Permits: The City of Philadelphia often requires local business licenses and permits depending on the business category.
  • Employment Law: Employers must comply with both Pennsylvania labor statutes and local ordinances, including Philadelphia's Fair Practices Ordinance and leave laws.
  • Contract Law: Commercial agreements are primarily regulated by Pennsylvania statutes and common law, with special attention given to the Uniform Commercial Code (UCC) for sales of goods.
  • Real Estate Transactions: Commercial leases and property transactions in Philadelphia require compliance with zoning, land use, and local tax regulations.
  • Taxation: Philadelphia imposes its own Business Income and Receipts Tax in addition to state and federal taxes.
  • Dispute Resolution: Business disputes may be addressed in Pennsylvania courts or through alternative dispute resolution processes such as mediation or arbitration.

Frequently Asked Questions

What is the first step to starting a business in Philadelphia?

The initial step is choosing an appropriate business structure and registering your entity with the Pennsylvania Department of State. You may also need to register for taxes and obtain the required Philadelphia business licenses and permits.

Do I need an attorney to incorporate or form an LLC?

While it is possible to file formation documents without an attorney, legal counsel can provide guidance to ensure you choose the right structure, meet all legal requirements, and draft strong governance documents.

What types of contracts should my business have?

Common contracts include operating agreements, partnership agreements, vendor contracts, employment agreements, non-disclosure agreements, and sales or service agreements.

How do employment laws in Philadelphia differ from other cities?

Philadelphia has unique labor laws such as paid sick leave, wage theft protections, and anti-discrimination ordinances that exceed state and federal minimums. Businesses must be aware of these local requirements.

When is a business required to collect sales tax in Pennsylvania?

Most businesses selling tangible goods or certain services in Pennsylvania must collect and remit state sales tax. You may need to register for a sales tax license with the Pennsylvania Department of Revenue.

What should I do if my business is being sued?

Contact a qualified corporate or commercial attorney immediately to assess the situation, respond to the lawsuit, protect your interests, and develop a defense strategy.

How do I protect my business's intellectual property?

Consider registering trademarks, copyrights, or patents as appropriate. Employ non-disclosure agreements and legal protections for trade secrets. A lawyer can assist with filings and enforcement.

What are the steps for merging with or acquiring another company?

Mergers and acquisitions involve due diligence, drafting and negotiating agreements, regulatory compliance, and disclosure. Legal advice is crucial throughout this process to address risks and obligations.

What is the Business Income and Receipts Tax (BIRT) in Philadelphia?

The BIRT is a tax imposed by the City of Philadelphia on the gross receipts and net income of businesses operating within the city. Registration and annual filing are required.

How do commercial disputes get resolved in Philadelphia?

Disputes may be resolved through negotiation, mediation, arbitration, or litigation in Pennsylvania courts. The chosen method often depends on the contracts involved and the parties’ preferences.

Additional Resources

Several organizations and governmental bodies provide valuable information for those seeking corporate and commercial legal help:

  • Pennsylvania Department of State - Oversees business registration and corporate filings
  • City of Philadelphia Department of Commerce - Offers resources from permits to tax guidelines
  • Pennsylvania Department of Revenue - Handles state business taxes, sales tax, and employer obligations
  • Philadelphia Bar Association - Provides lawyer directories and legal referrals
  • Small Business Administration Philadelphia District Office - Supports business development and regulatory compliance
  • Temple Legal Aid Office - May offer limited pro bono legal help

Next Steps

If you need legal assistance with corporate or commercial matters in Philadelphia, start by outlining your specific concerns or issues. Gather all related documents such as contracts, correspondence, and financial statements. Next, research and contact a qualified local lawyer or law firm with experience in your business area. Many lawyers offer initial consultations to evaluate your situation and discuss potential strategies. Additionally, make sure to stay organized and responsive during the legal process, and leverage available local resources for ongoing support and education.

Lawzana helps you find the best lawyers and law firms in Philadelphia through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Corporate & Commercial, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Philadelphia, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.