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This professional provides legal advice to individuals involved in all aspects and phases of any business. Some of the things that business law attorneys do include:
• Ensure compliance with all local business laws. If they do business internationally, they will make sure they follow those laws as well.
• Offer advice and file forms for each stage from business formation to dissolution if necessary,
• handle lawsuits
• Review and write contracts
• Create Staff Manual
• Enforce policies or guidelines
• Cover all communications with the media
One of the important tasks of such law lawyers is the formation of a new business. If there is more than one owner, he will advise them on the type of business they are building. It can be a partnership, corporation or limited liability company. Creating any type of business requires a solid understanding of the liability and tax implications of each type of business. Once the business is formed, the attorney may be responsible for filing all annual reports and other forms associated with the business with various government agencies.
Many times businesses use such legal counsel when they want to liquidate or dissolve their business. This is done to ensure that pre-established decompression guidelines are followed correctly. The attorney may also handle newer issues such as liens, large amounts of property, or outstanding debts. Business law lawyers can also provide advice on some of the daily happenings in business. They may be asked to develop guidelines for human resources staff regarding the firing and hiring of employees. If an employee feels they have been sexually harassed, discriminated against, or unfairly terminated, they can file a lawsuit. They could act on behalf of the employee or the employer.
Sometimes business owners will call on business law attorneys if they have questions about specific ways to save money such as whether they should own or lease a building. They can also seek advice on where they can conduct their business to avoid paying higher taxes, which is especially true if they are looking to expand their business internationally.
Few business law attorneys are familiar with patent laws, so if a business has developed a product, they may contact an attorney to help protect their interests by filing a patent. If the attorney has an understanding of intellectual property laws, they may be asked to help trade trademarks for the name of a product or their business name. Business law attorneys may act as spokespersons for the business if a lawsuit attracts media attention.
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