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Why You Need a Corporate Lawyer

Posted:  Jun 24, 2022


Business owners have to make many important decisions, and one of the most important is whether or not to hire a corporate lawyer. It does not matter whether you are a small or large business, venture capital-backed firm, nonprofit organization, or sole proprietorship. As an entity with a legal personality and obligations under the law, no matter how small your organization is, you need an attorney to help you with your legal issues. A corporate lawyer can help your business in several ways, from drafting contracts to helping you comply with state and federal laws. If you're unsure whether you need a corporate lawyer, read on for more information.

What Does a Corporate Lawyer Do?

A corporate lawyer is a type of business lawyer that helps companies with legal issues. A corporate lawyer protects all those invested in your company (you, employees, shareholders, creditors, etc.) by advising in business transactions. The corporate lawyer has become one of the most sought-after professionals in corporate and commercial dealings due to the high risk involved when legal matters arise.

4 Major Reasons Why You Need a Corporate Lawyer

Corporate lawyers are generally knowledgeable in a wide range of legal fields and will be able to handle several issues. In any case, below 4 major reasons why you need a business lawyer as a business owner

·       Company formation, governance, and operation

One of the most important roles a corporate lawyer can play is helping to establish your business. This includes incorporating your business, drafting shareholders' agreements, and advising on corporate governance issues. Another reason to hire a corporate lawyer is that they can help you deal with issues of governance. Governance may simply be defined as “the set of rules and regulations by which an institution or organization is governed” but it’s more than that; there are certain expectations about how things work, what type of decisions get made, etc. A corporate lawyer can also help you with the day-to-day operation of your business by drafting contracts, negotiating leases, and providing general legal advice.

·       Intellectual Property and Acquisitions

A corporate lawyer can also help you with intellectual property and acquisitions. It’s called intellectual property for a reason. Intellectual property includes patents, copyrights, trademarks, and trade secrets. Without the help of lawyers, these valuable assets can sometimes get lost in translation or perhaps be overlooked altogether. But with a corporate lawyer on your team, you’ll have an easier time protecting your company’s assets from the inside out. And if you're looking to expand your business through acquisition, a corporate lawyer can help you negotiate and draft the necessary agreements.

·       Investment Capital

A corporate lawyer may advise a business on private and public financings and day-to-day expenses. Whether your company needs an influx of cash in order to meet the demands of its daily operations or is on the lookout for venture capital, having a corporate lawyer on board can make all the difference in the world. Also, a legal professional has vast knowledge and experience in handling any number of challenges that come up with running a business. therefore they may help you build and expand your business through their legal counsel. These may include financing, technology licensing, mergers, and acquisitions. Draft power purchase agreements and contracts and negotiate financial terms with investors and lenders in case of corporate partnerships or other legal entities.

·       Company’s Securities

There’s no denying that the company’s securities and assets are at risk when you don’t have a corporate lawyer. The lawyers on your team should be able to help safeguard these assets by managing your business finances, tax filings, sales contracts, and other important legal documents. They can also help with any disputes that may arise within the organization. For example, if someone were to sue the company or raise a grievance due to unfair working conditions, they would need to speak with a lawyer first before making any rash decisions or pursuing any action. When everything is in order, the company will be able to successfully resolve those grievances and continue moving forward.

How Much Does a Corporate Lawyer Cost?

The cost of a corporate lawyer will vary depending on the size and complexity of your business, as well as the location of your business. Not all lawyers use the same billing method, but many corporate lawyers charge by the hour. This rate doesn’t include filing fees for any paperwork that must be submitted. Rates for a good corporate lawyer can be steep, so establish a price upfront with your attorney. Generally, larger businesses will need to spend more on legal fees than smaller businesses.

What to Expect from Working with a Corporate Lawyer?

When you work with a corporate lawyer, they will help you to understand the legal aspects of your business. They can draft contracts, file paperwork, and represent you in court if necessary. A corporate lawyer can also help you to navigate the often-complex world of business law.

After working with a corporate lawyer, you can be confident that you and your investors will be protected from personal lawsuits for business matters.

Bottom Line

When it comes to business, there are a lot of legal complexities that you may not be aware of. This is where having a corporate lawyer on your side can be extremely beneficial. At Stevens & Company Law Corporation, our experienced attorneys can help you with everything from drafting contracts to filing paperwork to representing you in court. We will work tirelessly to ensure that your rights are protected and that your best interests are always kept in mind. Contact us today to learn more about how we can help you with your business legal needs.

Let us put our experience to work for you. Call us toll-free at 1-877-248-8220 today. We look forward to speaking with you soon!

 

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