What Do Business & Corporate Lawyers Do?Being a business and corporate lawyer requires a substantial background in an ample field of areas. Clients can range from a multibillion-dollar company or a small business. Regardless, a corporate lawyer will assist their clients with their obligations, legal rights, and responsibilities.
Corporate LawyerCorporate lawyers can work in firms of various sizes, where they help assist their clients with negotiations, creating reports, analyzing contracts, and other arrangements correlated with activities in regards to the business such as acquisitions, divestitures, and mergers. With this, they also guide their clients through the steps of corporate governance, issues of operations in regards to rights and responsibilities of corporate officers and directors, and the general lapse of legalities in a company. In addition, corporate lawyers are required to assist their clients with financial guidelines. Doing so, steps will be provided on how to provide that information to their owners, shareholders, and employees. That information will also need to be filed with the Securities and Exchange Commission along with other agencies.
Corporate Lawyers & Publicly Held CompaniesWhen having a publicly held company as a client, corporate lawyers have to be familiar with frequent federal and state laws that regulate publicly traded securities. They will be able to assist these companies with matters regarding the issuance of securities as well as reporting what the requirements are for state and federal agencies such as the SEC. Due to public companies holding high standards regarding disclosure of information on material that can affect earnings and or price of their stock, corporate lawyers advise these companies on issues such as public disclosure, litigation matters, and the initiation of a government investigation regarding the company.
Corporate Lawyers & Closely Held CompaniesAside from publicly held companies, corporate lawyers can assist in advising closely held companies which are privately held business. These are made up of a limited number of shareholders who own the company with none of it being traded on a public stock exchange. Closely held companies can range from investment banking firms, hospitals, internet startups, foundations, accounting firms, and so on. Corporate lawyers will be able to advise such companies on subjects of creating the company, obtaining loans, finding office space, the process of employing a team, financial controls, buyouts and more. Whether the company is closely or publicly held, your corporate lawyer will need to acquire strong communication and negotiating skills depending on your company’s interests. They should constantly be ambitious while achieving your company’s goals. To further discuss your needs, visit our practice areas to get started.
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