A startup can benefit from the assistance of a seasoned corporate lawyer when they launch their business, or a business owner can get advice from a corporate lawyer on how to comply with the rules and laws relating to commercial transactions. It will be in your favour to ensure the assistance of an experienced advocate when drafting the various businesses’ managing documents, reviewing contracts or to help make other strategy decisions.
Role of a Corporate Lawyer
- The role of a corporate or a commercial lawyer is to advise his/her clients regarding their rights, responsibilities and duties as provided by the law.
- If a corporation hires a corporate lawyer, the lawyer represents the corporation, not the shareholders, directors, or any other person holding a position in the corporation.
- 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 commercial lawyer in Delhi. who understands the law and would ensure that the dealings of his or her client are as per the law.
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The type of work the Corporate or Commercial Lawyers do-
Against the common belief, corporate lawyers generally deal out of the courts. Most of the work done by a corporate lawyers can be considered as ‘transactional’ in nature. It can 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 commercial lawyer would reviews draft as well as negotiate the legally-binding agreements on the behalf of the corporation which could involve issues as minor as lease agreement to multi-billion dollar acquisitions.
Mergers & Acquisitions (M&A)
A commercial lawyer will also conduct negotiations, draftings and overseeing deals which involve the ‘merging’ of one corporation with another company or ‘acquiring’ another one.
Corporate Governance
A corporate lawyer would also help his client create framework for how a firm shall be directed and controlled by drafting articles of incorporation, creating bylaws, advising the corporate directors as well as the officers about their rights and responsibilities and various other policies which are used to manage the company.
Venture Capital
A corporation lawyer would help the startup or an existing corporation to find capital so as to build or expand the business, it could involve either private or public financing.
Securities
A corporate lawyer would also advise his client about the security law compliance, which involves complex regulations to prevent fraud, insider training, marketing manipulation, as well as promotes transparency within the company.
Taxation
A commercial lawyer will also help his clients with filing his taxation and keeping the client updated with any change in the taxation laws.
Conclusion
A corporate lawyer assists his or her clients with various legal technicalities during the course of his business transactions. They help the clients understand the various laws in a better way and helps to ensure that a law is not broken during the business transactions which the owner may not be aware of. Lead India offers you a team of experienced corporate lawyers to talk and who have been successfully handling corporate transactions as well as issues related to the corporate law and could help you with the same. Therefore,. If you wish to talk to a lawyer or seek free legal advice online for matters involving corporate law, you may contact us.
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