A corporate lawyer advises a business owner regarding the rules and laws related to the business transactions, or a startup may gain help from an experienced corporate lawyer when starting business. It is always helpful to ensure the assistance of an experienced advocate while drafting the various businesses’ managing documents, reviewing contracts or to help make other strategy decisions.
What does a Corporate Lawyer do ?
- The role of a corporate lawyer is to advise his/her clients regarding their rights, responsibilities and duties as provided by the law.
- In case a corporate lawyer is hired by a corporation, the lawyer represents the entity which is the company and not the shareholders, directors or any other person holding an office in the company.
- A company or a corporation is a legal entity which is created under the law mainly for the purpose of business. A company is treated as an individual or entity or a “person” under the law, which is different from the shareholders or other members of the company.
- The corporate law provides for all the legal issues surrounding a corporation, various legal procedures have been provided by the central as well as the state governments regarding the business transactions in the country, for these reasons it is important to hire an experienced Corporate Lawyer, who could understand the law and could ensure that the dealings of the client are in accordance to the law.
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The type of work the Corporate Lawyers do
Against the general belief, most corporate lawyers mostly deal out of the courts. Most of the work done by a corporate lawyer could be considered as ‘transactional’ in nature. It could be understood that the job of the corporate lawyer is mostly to avoid litigation.
Following are some of the functions a corporate lawyer does-
Contracts
A corporate lawyer would review, draft as well as negotiate legally-binding agreements on behalf of the corporation which may include issues such as the lease agreements to multi-billion dollar acquisitions.
Mergers & Acquisitions (M&A)
A corporate lawyer will take care of negotiations, drafting, and also overseeing deals which will involve corporations ‘merging’ with another company or ‘acquiring’ another one.
Corporate Governance
A commercial lawyer helps his client create a framework for how a firm is directed and will be controlled by drafting documents such as articles of incorporation, creating bylaws, advising the corporate directors and the officers about their rights and responsibilities and other policies necessary to manage the company.
Securities
A business lawyer would also advise his clients about the security law compliance, which includes complex regulations so as to prevent fraud, insider training, marketing manipulation, and also promotes transparency within the company.
Taxation
A corporate lawyer helps the clients with filing his taxations and keeping the client updated with any new taxation law introduced by the Government.
Selecting the best law firm
After you have determined your legal requirements, you may begin researching for law firms in Hyderabad. You may start by searching online for law firms near you as well as by reading reviews and testimonials from its past clients.
You may ask for recommendations as well from your friends, family, or colleagues who did use the services of a law firm. Additionally, you may contact the local bar association for a list of reputable law firms in your city.
Conclusion
A commercial lawyer would help his clients with numerous legal technicalities during his business transactions. They would assist their clients understand the various laws in a better way and help to ensure that no law is broken during any of the business transactions which the owner may not be aware of.
Lead India offers you a team of experienced commercial lawyers who have been successfully handling corporate transactions as well as issues related to the corporate law such as drafting papers, reviewing them, etc and could help you with the same. Thus, if you wish to ask a legal question or seek free legal advice online, you may contact us.
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