A corporate counsel advises a business owner as to how to comply with the rules and regulations involved in the business transactions, or helps a startup with various legal procedures as well as drafting and reviewing numerous contracts or even an individual in general who has decided to buy or sell a property. It shall always be helpful to ensure the assistance of an experienced Corporate attorney when drafting various managing documents, reviewing contracts or to help make other strategy decisions related to business matters.
Role of a Corporate Lawyer-
The role of a corporate lawyer is to advise his/her clients about their rights, responsibilities and duties as has been provided by the law.
After a corporate lawyer is hired by a corporation, he or she shall represent the entity which is the company and not the shareholders, directors or any other person who is holding an office in the company.
A company or a corporation is a legal entity which has been created under the law mainly for the purpose of conducting business. A company shall be treated as an individual or entity or a “person” by the law, which shall be different from the shareholders or other members of the company.
The corporate law provides for all legal issues which are related to a corporation, various legal procedures have been provided by the Central as well as the State governments regarding the business transactions in the country, hence for these reasons it is necessary to hire an experienced Corporate lawyer, who can understand the law and can ensure that the dealings of the client are in accordance to the law.
The type of work a Corporate Counsel Does-
Against the common belief, a corporate lawyer generally deals out of the courts. Most of the work which is done by a corporate lawyer can be considered to be ‘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 of a corporate lawyer-
Contracts- A corporate attorney evaluates, creates, and negotiates legally enforceable contracts on the client's behalf on matters ranging from lease agreements to multibillion-dollar acquisitions.
Mergers & Acquisitions (M&A)- A corporate lawyer conducts due-diligence, negotiations, draftings and overseeing deals which could involve corporations ‘merging’ with another company or ‘acquiring’ another one.
Corporate Governance- A corporate lawyer helps his client create the framework for how a firm is directed and controlled by drafting articles of incorporation, creating bylaws, advising the corporate directors and the officers about their rights and responsibilities and other policies used to manage the company.
Venture Capital- A corporate lawyer helps a startup or an existing corporation find capital to build or expand the business, it could involve either private or public financing.
Securities- A business lawyer advises his client on security law compliance, it involves the complex regulations to prevent fraud, insider training, marketing manipulation, also promotes transparency within the company.
Taxation- A corporate lawyer helps the clients with filing of his taxations or keeps the client updated with the new taxation laws. For example, , can help you understand the new law in a proper way as well as help you file the taxes.
Conclusion-
A corporate lawyer helps the clients with the various legal technicalities during the course of his business transactions including drafting documents such as general power of attorney. 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.
In case you are starting a new business or are trying to deal with a property matter, it is advised that you contact a corporate lawyer near me who could help you contacting a good corporate lawyer who could assist you during your business dealings.
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.
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