When Do You Need a Business Law Attorney?

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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When Do You Need a Business Lawyer?

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/