Corporate Lawyer / Company Lawyer
The role of a corporate lawyer is to advise clients of their rights, responsibilities, and duties under the raw.
When a corporate lawyer is hired by a corporation the lawyer represents the corporate entity, not its shareholders or employees. This may be a confusing concept to grasp until you learn that a corporation is actually treated a lot like a person under the law.
A corporation is a legal entity that is created under state law, usually for the purpose of conducting business. A corporation is treated as a unique entity or “person” under the law, separate from its owners or shareholders.
Corporate Law includes all the legal issue that surround a corporation, which are many because corporation are subjected to complex state and federal regulations. Most states require corporations to hold regular meetings, such as annual shareholder meetings, along with other requirements.
Corporate lawyers make sure corporations are in compliance with these rules, while taking on other types of work.
A corporate lawyer advises firms on how to comply with rules and laws, but that’s only the beginning. In truth, any individuals starting a business venture could benefit from a corporate lawyer. Why? Because a corporate lawyer can help you structure and plan your business for success, even if you end up going with a business structure other than a corporation.
It’s always a good idea to have a lawyer on board to craft your business managing documents, review contracts, and help you make other strategy decisions.
Of course, it’s not always possible for smaller businesses ( or even medium-sized businesses) to have a corporate lawyer on retainer, but closing a business, and when problems arise, at the very least.