Why Do I Need a Corporate Lawyer?

By Staff Reporter - 29 Aug '20 18:09PM
  • Why Do I Need a Corporate Lawyer?
  • (Photo : Why Do I Need a Corporate Lawyer?)

If you are a business owner, you might be juggling with many tasks related to your business. From production to management, to marketing, to the hiring of all essential employees, just to name a few. However, you may be overlooking an important element of your business: the legal one. Working with a corporate attorney becomes indispensable. Having someone who understands your business gives you an important ally who will help you make the right decisions regarding what you should and should not do, someone who will be right there to spot any issues or risks that might prop up now and in the future.

Why hire a corporate lawyer?

Corporate lawyers are experts at helping a company to succeed. By offering business strategies they can work with both founders and management to solve problems throughout the life cycle of any business. Whether founding documents need to get drafted or the company needs to be terminated for whatever reason, your corporate lawyer will take care of the documents and paperwork needed.

What do corporate lawyers do?

A corporate attorney will take the time to advise you on your day-to-day business operations. They will negotiate legal contracts and draft them for you. They will also take the necessary steps to avoid litigation by coming up with ideas and solutions to settle failing deals and clear up business dealings. They will draft all needed contracts, enable mergers and acquisitions, allow companies to be formed, and even give you a hand when you need to raise capital.

How does a corporate lawyer help you avoid litigation?

If your business is facing an issue that will involve litigation, your corporate attorney can assist you through mediation or by implemented other dispute resolution mechanisms. Your lawyer will also take preemptive actions in order to avoid problems and draft solutions and protection clauses into your documents. Should something go wrong in the future, a well-drafted agreement will unambiguously and clearly define the responsibilities and rights of all parties involved.

What's the key to any transaction for a corporate lawyer?

A corporate lawyer who accurately understands a business idea has in their hand the key to a successful business transaction. Starting with helping business owners determine the best way to legally register their business by considering what structure best adapts itself to their needs, a corporate lawyer will also guide business owners through administrative processes, such as issuing stock or establishing voting requirements.

How can a corporate lawyer enable the startup process?

A corporate lawyer will help you by drafting all intellectual property assignments, non-disclosure agreements, stock purchase and vesting agreements, supply and service agreements that may be required, independent contractor agreements, and any other document needed to make the running of the business go smoothly.

Your corporate lawyer can also propose sources of funding, recommend additional avenues to acquire it, advise you as to whether bonds or loans make the best options and also if the best avenue for your business is to go public, and draft all the necessary documents to back up these decisions.

When your business requires the services of a corporate attorney that will devote himself to serving you and your needs, you need to look no further than Attorney Rahul Parikh. Set up an appointment today to get started. 

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* This is a contributed article and this content does not necessarily represent the views of newseveryday.com

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