Corporate law is a specialized area dealing with all of your businesses legal needs. If you’ve never used a corporate lawyer before, what are some of the types of issues they can help you with?
1. Mergers and acquisitions
Handling a merger or acquisition is a technical and complicated process. To ensure all the I’s are dotted and the t’s are crossed, you need a corporate lawyer to assist you. They understand the laws surrounding these types of transactions and can guide you through any pitfalls and questions.
2. Buying or selling a business
Whether you’re buying or selling a business, a corporate lawyer will help you with all the paperwork, and understands the regulatory issues that may result from the sale or purchase of the business. They can also likely refer you to other experienced professionals who can assist in other areas such as accounting or business management.
3. Setting up a new business
If you’re setting up a new business, you’re going to need some expert guidance on legal requirements, corporate registrations, incorporations, and other technical details. Using a commercial lawyer who is experienced in these types of transactions will make the complicated process simpler and easier to understand.
4. Corporate and tax reorganizations
If your business is in need of a reorganization, whether that’s from a corporate standpoint or relates to taxes, a corporate lawyer can help you work through the process. They’ll ensure your goals are achieved, or guide you to an alternate solution that works.
If you’re business is leasing space in a commercial property, a corporate lawyer can review the lease to ensure the terms are acceptable. They will advise you if, or where, any changes should be negotiated with your best interests in mind. Leases are typically provided by the Landlord and are geared to protect the Landlord’s interests. Having a corporate lawyer review the document ensures your interests, as Tenant are also protected and reflect your understanding of the material terms.
6. Drafting shareholder or partnership agreements
If your business is considering taking on shareholders or partners, it’s critical to have a solid document that accurately reflects the terms of the arrangement for both parties. Clear and concise language in the agreement will ensure both sides are taken care of and that the agreement is equitable and fair, with no grey areas left open for interpretation.
7. Trademark registration
When you need to register a trademark for your company name or slogan, a corporate lawyer will simplify the process and take care of the details. Sometimes we believe we can handle these types of things on our own and in the end, it costs more than if we just used an experienced corporate lawyer in the first place. They can help find cost efficient solutions to disputes and often help avoid costly litigation procedures. Knowing when the time is right to use a corporate lawyer will save you money in the long run. This is because they offer timely, cost effective advice on the best way to move forward with your situation.