When you’re starting a business, companies often forget a major part of their plan, the corporate lawyer. This person is in charge of handling anything that your company needs to be done legally. Whether this means getting the right trademarks and copyrights or just putting together a hire form.
Here is everything you need to know about getting a corporate lawyer and why you shouldn’t skip out on one.
What Is a Corporate Lawyer?
A corporate lawyer is meant to help and represent a company for anything legal wise. They treat the company as if it were a person, as technically, the company holds all the liability, rather than a person.
This is why LLCs are important, as they help prevent any specific limitation from falling on employees or those involved with the company. Instead, the company faces litigation. This is why there are companies that hire a specific corporate litigation lawyer.
Check out the legal needs of start-ups and established businesses to see why you need a corporate lawyer on hand.
What Does a Corporate Lawyer Do?
When getting into specifics, the goal of a corporate lawyer is to protect the company itself. They do not represent the employees or even the shareholders, but rather the entity that is the company.
You want a corporate lawyer to get involved when it comes to starting a business, getting established, writing up contracts, or even buying property. If you have an attorney that you keep on retainer for personal issues, consider a corporate lawyer that, but for the company.
Corporate lawyers ensure that the company is taken care of when it comes to negotiating. If you’re securing capital from investors or financial institutions, they’ll ensure that you’re not getting the short end of the stick.
What Types of Businesses Should Hire a Corporate Lawyer?
Any business should have a corporate lawyer realistically. There isn’t one company that would not benefit from at least consulting with a lawyer, as they are trained to catch things legally that a business would not.
Corporate lawyers are more beneficial to those that are just starting businesses. Lawyers will go beyond just handling legal aspects, they also offer advice and recommendations to ensure that the business makes the best moves possible. Startups often face legal troubles, whether it be through investing, location, or other contract disputes.
While you may not need to hire one right away, if ever under legal stress, be sure to contact one as soon as possible.
Hiring a Corporate Lawyer Will Always Be a Smart Move
Keep a corporate lawyer on retainer is a great way to know that if any trouble arises, your back is covered. They’ll handle the dirty work while you continue to ensure that your business is running in tip-top shape.
If you want to learn more about keeping your business safe and secure, be sure to check out the rest of the blog. If you know someone considering starting a business, be sure to share this article with them to save themselves legal trouble down the road.
