Laws touch all aspects of a typical business. Firms must comply with these legal requirements to avoid penalties. More so, multiple issues in the business environment can result in litigations. A corporate lawyer has the expert and experience to support business owners to handle legal matters. The cost of legal consultation outweighs the risk of addressing business legal questions without expert counsel. This post highlights common legal issues that require the intervention of a corporate lawyer in a business.
1. Business Registration
A set of business laws deal with the formation of a business. The rules dictate the types of companies one can create, including sole-proprietorship, partnerships, limited liability companies, S-corporations, and C-corporations. In each of these businesses, the law prescribes who can form them, the number of owners, and the documents required. More so, it stipulates the registering and regulatory agencies. A corporate lawyer supports prospective business owners to prepare, form, and operate businesses in compliance with registration laws.
2. Business Licenses and Permits
Business licenses allow you to operate a business while permits enforce safety standards. Typically, the mandate to issue permits and licenses rests with the federal, state, and local governments. Most licenses depend on the business industry and may include nursing, teaching, veterinary, and engineering operation licenses. On the other hand, issuing permits such as health permits, building, and fire inspection permits enhances business safety. The corporate attorney guides you through the application processes for licenses and permits to run the business.
3. Labor Laws
Many laws regulate how organizations recruit, engage, and terminate employees. A corporate lawyer ensures that a business protects the rights of employees. In this case, the lawyer helps in developing human resource policies that safeguard employees. Such policies include non-discrimination, workman's compensation, and sexual harassment policy. In addition, the lawyer guides the business to make statutory deductions and transfer taxes and retirement benefits.
4. Contracts
Business contracts are legal documents. A typical business generates many agreements with stakeholders like shareholders, suppliers, service providers, and customers. The lawyer's role is to prepare and go through all business contracts to ensure proper formulation and execution. In this way, businesses can avoid contractual conflicts and costly agreements.
5. Intellectual Property
Cooperate lawyers also understand proprietary laws that govern the development and use of an intellectual property. Ideally, intellectual property laws protect another party from misusing a trademark, process, or product with copyrights. In this way, businesses can invest in research and development knowing they have exclusive rights to use and distribute their intellectual property. The corporate attorney helps apply for intellectual property and litigate in intellectual property theft lawsuits.
Contract a corporate lawyer to minimize business legal risks. A corporate lawyer acts as a trusted counsel and defender of company interest. The lawyer supports the business owners to understand and comply with relevant laws, regulations, and rules.
