A corporate lawyer can advise you on multiple matters, including investor rights, acquisitions, environmental law, corporate structuring, hiring, and so forth. They support your corporation’s different legal requirements.
Here is why hiring a corporate lawyer is important.
What Areas Does Corporate Law Cover?
There are several areas corporate law covers. Here are some of them:
- Business formation laws map out the steps to creating a corporation, partnership, or LLC.
- Consumer protection laws mitigate fraud and faulty services or products.
- Contract laws help you create legal agreements with other businesses, investors, suppliers, or clients.
- Employment and hiring laws that protect your current and future employees. They prevent discrimination based on sex, religion, sexual orientation, or race. Most importantly, they ensure employee safety and health.
- Environmental laws
- Intellectual property laws protect your inventions and creative works.
- Zoning laws dictate the use of business property.
- Laws governing licenses and permits
How a Corporate Lawyer Adds Value to your Business
From one-man startups to trillion-dollar conglomerates, every company is bound by a comprehensive list of laws and regulations. They dictate what your business can or cannot do.
Corporate lawyers help companies navigate these laws and regulations. Their advice is essential in every phase of your business, from its launch and growth through diversifications to closures. A corporate lawyer ensures your interests are protected. They help you make rational business decisions, secure favorable contracts, and avoid costly legal mistakes.
How a Corporate Lawyer Can Help You
As mentioned above, corporate lawyers have multiple responsibilities, from environmental laws to IP laws. Here is how they can help your business:
As a business owner, you will need to create and sign multiple contracts with your staff, customers, suppliers, and other businesses. A corporate lawyer can create standard contracts for your organization. Most importantly, they will review them when needed to ensure the contract terms protect your company’s interests.
Presenting your Company in Court
Disputes with customers or employees often end up in court. That is where corporate lawyer helps. By presenting you in court, they will protect your company’s interests and preserve its spotless image.
Sometimes, your legal needs go beyond a corporate lawyer’s field of expertise. They will assess your problem and refer you to a lawyer that can support your needs. For example, if an employee makes a traffic incident while driving for work, you will need to hire a traffic lawyer. They can collaborate with your corporate lawyer to reduce the fine and protect your company’s image.
Taking Care of Employee Policies
When hiring employees, your business needs to comply with a wide range of employment laws and employee policies. That is where a corporate lawyer can help. They will provide you with tips on federal laws, state regulations, full-time staff, employee inclusion, and diversity, etc.
A corporate lawyer can also help you comply with various employee policies. They will help you design employee guidelines. These handbooks explain your company’s procedures and policies everyone needs to follow.
Helping You Protect your Intellectual Property
A corporate lawyer helps you protect your inventions and creative work. Since filing for a patent, copyright, or trademark can be complicated, an attorney’s help is essential. They can do the job for you and supervise the entire process to prevent any legal issues.
Dealing with Project Finance
Complex projects require multiple stakeholders and entities. That is where a corporate lawyer who specializes in project finance can help. They can form different types of legal entities for the project’s purposes, draft contracts, and negotiate financial terms with lenders and investors.
Facilitating Mergers and Acquisitions
Mergers and acquisitions are a proven business growth strategy. By acquiring or merging with another company, you may add a property, obtain new production facilities, or expand your brand name. A merger or acquisition lawyer will provide you with legal tips about proposed transactions. They will review your company’s key assets and liabilities, including financial statements, real estate holdings, IP holdings, employment agreements, etc. Next, they draft the merger or acquisition and negotiate the terms of your company’s rights, responsibilities, and liabilities.
Creating a Corporation
A corporate lawyer helps you create and organize a business entity. They document the creation of the organization and dictate internal affairs management.
An attorney will also deal with partnerships, limited liability companies, limited liability responsibilities, and business trusts. Each of these business entities requires specific responsibilities, legal rights, organizational structure, and tax burdens.
Over to You
If you are wondering whether you need a corporate lawyer, the answer is yes. Corporate attorneys usually specialize in one or several corporate law areas and meet your company’s different needs.
If you need a lawyer specializing in a specific field of corporate law, consider consulting a corporate generalist. They will provide you with the proper guidance based on your case.
Eve Anderson is a marketing specialist turned blogger. Interested in sports and exciting travel destinations. Love to share content that can inform people.