What Does A Corporate Lawyer Actually Do ?
- Lead india
- Nov 3, 2023
- 3 min read
A corporate lawyer has the job of advising his business owner as to how to comply with the rules and regulations involved in the business transactions, or helps a startup with different 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 will always be helpful to ensure the assistance of an experienced corporate lawyer when drafting various managing documents, reviewing contracts or to help make other necessary strategy decisions which are related to business matters.
Role of a Corporate Lawyer-
A contract lawyer advises his or her clients about their rights, responsibilities and duties as mentioned by the law.
After a corporate lawyer is appointed by a corporation, he or she will represent the entity which is the company and not shareholders, directors or any other person who is holding an office in the company.
A company or a corporation is a legal entity created under the law basically for the purpose of conducting business. A company, according to the law can be treated as an individual or entity or a “person” , which would be different from shareholders or other members of the company.
The corporate law deals with all necessary legal issues related to a corporation, legal procedures have been provided by Central and the State governments about the business transactions in the country, thus for these reasons it is important to appoint an experienced Corporate lawyer, who have the knowledge of the law and could ensure that the dealings of the client are according to the law.
What Does a Corporate Lawyer Do ?
Against common belief, a corporate lawyer would mostly deal out of the courts. Most of the work done by a corporate lawyer can be considered to be ‘transactional’ in nature. It can be understood that the job of the corporate lawyer is to generally avoid litigation.
Mentioned below are some of the functions of a corporate lawyer-
Contracts- A corporate lawyer reviews, drafts as well as negotiates legally-binding agreements on the behalf of the corporation which may involve issues varying from lease agreements to multi-billion dollar acquisitions.
Mergers & Acquisitions (M&A)- A corporate lawyer will conduct negotiations, drafts and oversee deals which may involve corporations ‘merging’ with other companies or ‘acquiring’ another company.
Corporate Governance- a corporate lawyer would help his client create the framework as to how a firm is directed and controlled by drafting the articles of incorporation, creating bylaws, advising the corporate directors as well as the officers about their rights and responsibilities as well as other policies necessary to manage the company.
Securities- It is the job of a business lawyer to advise his client regarding the security law compliance, it involves complex regulations in order to prevent fraud, insider training, marketing manipulation, as well as promoting transparency within the company.
Taxation- A corporate lawyer will help his clients filing his taxation or keeps the client updated with any change in the taxation laws or other respective law. For instance, a corporate lawyer could assist you understand the new law in a proper manner as well as help you file the taxes.
Conclusion-
A corporate lawyer would help his client with various legal technicalities during the course of his business transactions. They help their clients understand various laws related to their issue in a proper manner and will help ensure that no law is broken during the business transactions which the owner may not be aware of.
If you have decided to start a new business or are trying to deal with any property matter, it is important that you contact a contract lawyer who could assist you during your business dealings.
Lead India offers you a team of experienced corporate advocates who have been successfully handling corporate transactions as well as issues related to the corporate law and can help you with the same.
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