There are many sides to law in a business, and one of them is called “corporate law.” Corporate law focuses on helping businesses conduct their affairs in a manner that is efficient and consistent with the law, especially in business structure, conducting transactions, and exit strategies.
In order to avoid legal challenges and problems later down the line, it is advisable to select the right lawyer to prepare you in advance for the complexities of business law. The legal field is vast and complex, and you will find that many lawyers specialize in a particular area of law. Legal professionals employed in larger law firms usually specialize in one or two specific areas. A corporation might want to use a smaller law firm that’s compatible with their needs, especially one that specializes in corporate law.
One of the ways in which a corporate lawyer can help a business succeed is by setting up a business entity as a separate legal structure. Much like a sole proprietorship, a partnership is easy to create with lower costs to launch the business. A corporation is a legal, artificial entity separate from its shareholders and has standing to enter into contracts, sue and be sued, and perform other tasks necessary to keep a business running.
In the United States, corporations are formed in accordance with the laws of a state. Most small business owners use a local attorney who specializes in corporate law on a retainer basis, so they have outside counsel to rely on.
Lloyd & Mousilli is particularly experienced in addressing multijurisdictional issues. With experience as in-house counsel, their team essentially serves a similar role to what an in-house counsel provides at much larger companies. Clients large and small, public and private, rely on the skill and understanding of these lawyers to stay one step ahead.
Corporate law encompasses a wide range of situations and matters relating to how corporations operate and interact. You may not wish to hire a lawyer who dabbles in a wide range of practice areas.
The guidance of a corporate lawyer from the set up of the company is key to ensuring a successful beginning to your economic activities.
In addition, one of the most common ways to earn money or acquire capital for running a corporation is buying and selling a business or its assets. A corporate lawyer is especially helpful with mergers and acquisitions, which is when a company is bought and/or merged with another company.
Now that you have a general overview of what corporate lawyers are capable of and what they can do for your business, you owe it to yourself to find a legal advisor and and them how specifically they can help you with your business challenges and needs. We recommend Lloyd & Mousilli because of their experience serving major corporations including Amazon as well as local small businesses. While some law firms have a broad span of knowledge, and others are highly specialized in one area, this Houston-headquartered firm strikes the perfect balance, having deep expertise in serving the needs of business owners on all levels of the scale, big & small.
For more information on corporate law, we suggest reading How to File an International Trademark When You’re Ready to Take Your Business Global | DeviceDaily.com – a piece on high-level IP law, which is one of the important aspects of corporate law Lloyd & Mousilli specializes in.