A business lawyer represents the interests of a corporate
entity, as well as representing the various individuals authorized to act in a
business capacity. Attorney who have specialized in business law also represent
individuals who are dealing with business entities, including contractors,
consultants and even employees. Most businesses are faced with the dilemma of
whether they require the services of a corporate lawyer when in fact they could
just hire them when the particular need arises. The situation is worsened by
the cost incurred in hiring for these services which are normally charged in
hourly rate. However, if you need a business lawyer who suits your budget, look
no further than Lorren T. Johnson, a firm of competent and affordable legal
services.
Duties of a Business Law Attorney
Business law attorneys are mainly involved in overseeing
business transactions, and spend less time in the courtroom. They may be
attached to a certain law firm, yet work as an in-house personnel and be part
of the company’s legal team. Some of their duties include;
- Ensure legal Compliance; over and above, the core duty of a business lawyer is to ensure that any business transaction undertaken by the company is fully compliant with the existing laws. They are required to be constantly engaged in research in order to ensure they are aware of any changes to existing laws and possible loopholes that may be used to exploit the company in a transaction.
- Court Representation; if the company is engaged in any legal undertaking in court, it’s the lawyers role to represent it. They are the legal face of the company.
- Give Advice; besides representing a business in court, the attorney is supposed to advice the business on most of its ventures. He’s supposed to grant advice on most business undertakings and aid in mitigating possible risks
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There are Instances that may necessitate you to have a
business lawyer and which include;
When Acquiring or Selling a Business; it is common
practice for a business to seek to expand its operations and net a wider
customer base through business acquisition. Similarly, a business may seek to
sell part of its business ventures for reasons including, concentrating on a
specific niche or doing away with a loss making venture. In both instances, it
is crucial to involve a business law attorney to assess the parties in question
and determine which best options exist.
Litigation; a business may find itself involved in a lawsuit
with either of its parties, including a customer, an employee, a contractor, a
shareholder, a debtor, a creditor amongst others. Lawsuits may vary from breach
of contract, discrimination claims, legal or environmental violations, all of
which the lawyer is required to represent the business in court.
Business
Mergers; a business merger is largely a complex process, that involves a lot of
paperwork and redesigning of the entire business framework. It is a possible
occurrence for a business owner to be short charged in such a major business
undertaking, an instance that can be avoided altogether when one seek the
services of a business lawyer. http://www.lorrentjohnston.com/