If you own a company, having legal counsel is essential. While some very large companies employ in-house corporate lawyers, many companies opt to hire a corporate lawyer who works for a law firm. It is not a good idea to wait to find a corporate lawyer until you have a legal issue — having a lawyer on retainer will help ensure that you have access to an experienced legal professional at all times. Working with a good corporate lawyer can make a big difference in how successful your company is in the long run. Some of the top reasons why your company may need the services of a corporate lawyer include the following.
Reviewing All Contracts
Most companies are required to sign multiple contracts each year. These contracts may be with vendors, new clients, or landlords who own the office or retail space that a company uses. A contract is legally binding, so it is never a good idea to simply sign one. If you own a company, it is always in your best interest to hire a corporate lawyer to review a contract before you sign it. You can count on a good corporate lawyer to read through a contract line by line to ensure that the terms are in the best interest of your company. If there are any issues with the contract, a corporate lawyer can make revisions.
Selling a Company or Acquiring a New One
Companies change ownership all the time, but the process of selling a company or acquiring a new one is very complicated and complex. If you are planning on selling your company in the near future, the services of an experienced corporate lawyer are invaluable. A corporate lawyer will be able to take care of all of the details and paperwork involved when selling a company. Likewise, if your company is acquiring another company and are planning a merger, your corporate lawyer can take care of everything on your behalf.
Dealing with Lawsuits
It is not uncommon for companies to be involved in lawsuits. Someone may file a lawsuit against your company, or your company may be wronged and find it necessary to file a lawsuit against another entity. When your company is involved in a lawsuit, the first thing you should do is contact your corporate lawyer. If a lawsuit has been filed against your company, your lawyer will do his or her best to win the case and minimize damages. Likewise, your corporate lawyer will represent your company if it needs to file a lawsuit.
Contact a corporate law firm to learn more.