Are corporate lawyers just for litigation?
While a corporate lawyer is essential if your business needs to go to court, they can also help you through situations outside of court, including:
Launching a Business
Before you even begin marketing your goods or services, a lawyer will be able to assist you by making sure your business is established on a solid foundation that complies with rules and laws. They will also be able to give you advice on the tax and legal ramifications of each option, as well as assist you in selecting the best business entity for your enterprise.
A lawyer is vital in creating and enforcing contracts. Such contracts include:
Taxation
You can get tax breaks through deductions and credits with the assistance of a business lawyer with experience in taxes. They can also offer advice on bookkeeping procedures to guarantee that you have everything ready for tax filing. To keep you compliant, the lawyer will also remind you about deadlines and due dates.
Protecting Business Property
A lawyer can help you defend your intellectual property in court and through the use of trademarks, patents, and other legal means. Through confidentiality clauses and non-disclosure agreements with employees and other contractors, they can also assist in protecting confidential information.
Employment Agreements
An employment agreement specifies what you anticipate from new hires, how they are to act, and how the working relationship will end. The contract should also specify the income and benefits they would get while they work and include a confidentiality clause.
An employee manual should be provided along with the employment contract. This will include a summary of your company’s rules and commonly asked questions.
Additionally, your lawyer may assist with the termination procedure and see that procedures are set up to guarantee that all terminations take place consistently. A lawyer will examine the employee file and records to make sure that the proper procedures have been followed and to determine whether the employee has a case against the company for unfair dismissal or discrimination.
Financial Advice
Your attorney will guide you through the bankruptcy procedure if you need to file so that your company has the best opportunity of rebuilding.
If you and your lawyer have a good working relationship, you may inform them of any possible problems before they arise and rely on them to assist in resolving them with minimal harm. In the event that a dispute gets to court, an attorney can advise you on the best steps to take to support your position.
