What Does a Corporate Lawyer Do?A corporate lawyer protects all those invested in your company (you, shareholders, employees, creditors, etc.) by advising in business transactions. Not all corporate lawyers litigate, so you may need to search for a business litigator if you need to take someone to court.
When Will I Need a Corporate Lawyer?Not all business transactions require a lawyer, and business owners increasingly use the web to achieve more cut-and-dry business needs. Using the internet, you can apply for an employer identification number (EIN), and create documents like Meeting Minutes or a Non-Disclosure Agreement. Daily business operations typically don't require a lawyer.
You may need a corporate lawyer if you want to incorporate your business or you have already incorporated and you need advice on your legal responsibilities.
A corporate lawyer is able to advise you on matters that arise from the c- or s-corp structure. This may include investor rights, acquisitions and mergers, issues involving environmental law, corporate structuring, hiring, and more. You may also want the advice of a corporate lawyer to avoid potential legal complications.
How Much Does a Corporate Lawyer Cost?Not all lawyers use the same method of billing, but many corporate lawyers charge by the hour. This rate doesn't include filing fees for any paperwork that needs to be submitted. Rates for a good corporate lawyer can be steep, so make sure to establish a price up front with your attorney.
What Should I Expect from Working with a Corporate Lawyer?After working with a corporate lawyer, you can be confident that you and your investors will be protected from personal lawsuits for business matters.
This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.