Having a good business lawyer is not only useful for dealing with legal disputes, but they can also advise you on different aspects of your business. They can help you comply with legal obligations, protect your business liabilities, and even financial advice. So, it’s crucial to understand the key role of a business lawyer if you are planning to hire one.
If you are looking for business lawyers in Atlanta, ensure that you do proper research before hiring them. Every business has unique requirements, and you should find an attorney who has experience in dealing with a client like you. Here you will know about the top five functions of business lawyers for your business.
Responsibilities of a Business Lawyer-
Business lawyers are also termed, corporate lawyers or company lawyers. They help you in understanding your rights, liabilities, and corporate law. They can help a business in the following ways:
1. Drafting Business Documents:
A business owner needs to prepare a lot of paperwork or documents with vendors, clients, other professional service agreements, workplace space agreements, etc. Apart from that, there are other documents such as partnership, shareholders, and investor contracts.
Business lawyers review, draft, and negotiate a different agreement and prepare contract documents on behalf of your company. So, it’s one of the key roles of the business lawyer in drafting different types of business documents and contracts.
2. Choosing the Right Business Structure:
Business structure plays a major role in long-term success. Again, a wrong business structure can be detrimental to the company’s objectives. Based on your business goals and various aspects, a lawyer can advise you which business structure is best for your organization.
The business lawyer can tell you whether you should go for a sole proprietorship or form a partnership or go with a limited liability company or corporation. These are some of the popular types of business structures; there are several others too. A reputed and experienced business lawyer has the ability to determine which structure is right for you.
3. Preparing Company Policies:
A company has to manage a lot of things within the organization. So, there must be guidelines and policies for employees, partners, vendors, etc. Having strong company policies makes all the business operations smooth and organized.
An experienced business lawyer knows the ins and outs of different responsibilities and how to organize everything properly. Here it’s essential to consider that your company belongs to which industry. It will help you find the right lawyer for your company based on your requirements.
4. Licensing and Permits:
Sometimes businesses need legal permission and licensing for setting up a business. There can be different types of permits such as environmental, social, product license, etc. So, a well-skilled business lawyer has the right knowledge to register for the licenses.
Again, certain businesses may need to register for trademark and copyright. Although there is a special law for this, a business lawyer may have knowledge and skills or contacts who can help you with getting the trademark license. In this way, you can also protect the rights of your intellectual property too.
5. Deal With Legal Disputes and Conflict Resolution:
One of the most important factors in protecting your business from lawsuits is to have an experienced corporate lawyer. If employees file any lawsuit or there is a breach of contract with your partners, the lawyer can take the right steps to protect your business from any potential risks.
A corporate lawyer can also help with defamation cases. Moreover, there are several company liabilities, insurances, and legal obligations that a business lawyer can help you with. Again, there may be some conflict within employees or companies with society or the environment; your corporate lawyer can also deal with that situation.
Hopefully, the above information has helped you to understand the key functions of a corporate lawyer. Consider these factors when you are interviewing a lawyer for your company. Lastly, don’t hesitate to share your opinion on this post in the comments section.