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Starting a business isn’t an easy decision to make. Aside from conducting market research, gathering funds, and establishing a company structure, you also need to know your legal obligations, rights, and responsibilities as a business owner. Ensure that you have all your bases covered by hiring a professional to help you.
Yap, Kung, Ching & Associates Law Office has corporate lawyers in the Philippines who have the needed experience to help you and your business reach new heights. When working with our team, you can be sure that we will be there for you every step of the way. Our other practice areas include real estate, immigration law, litigation, family law, labor law, taxation, and corporate law.
What Is a Corporate Lawyer?
Corporations are legal and taxable entities that can be treated as a “person.” This means that they have the standing to sue and be sued. Due to a corporation’s distinction from its stockholders, people who are part of the board can take legal action against the corporation through a derivative suit.
A corporate lawyer represents the corporate entity and not its shareholders or employees. Since companies are subjected to complex state and federal regulations, these professionals can handle various issues that are related to these laws. In addition, they make sure that businesses comply with these rules.
What Does a Corporate Lawyer in the Philippines Do?
Most corporate lawyers rarely step foot in courtrooms. Instead, the work they do can be considered transactional. They structure deals, draft documents, negotiate meetings, and make calls to ensure that the provisions of a corporation’s agreements are clear, unambiguous, and won’t cause any problems for their client in the future.
These lawyers spend most of their time helping a corporation avoid litigation. By guaranteeing that your business complies with the law, they help you avoid any legal issues that could lead to handling disputes in court. In these cases, a judge will ultimately decide for the parties involved unless things are settled before the trial.
What Can a Corporate Lawyer Help You With?
Corporate lawyers in the Philippines can help you with various matters. These include:
Corporate Formation, Governance, and Operation
Individual states have laws relating to the creation, organization, and dissolution of corporations. A corporate lawyer has the knowledge to help you during all these processes. To form a company, they can draft articles of incorporation, which is a document detailing the establishment of a business as well the management of its internal affairs.
They can help you create partnerships, limited liability companies, limited liability partnerships, or business trusts. Each of these has its own set of legal rights and responsibilities, organizational structures, and tax burdens. Trust corporate lawyers to provide you with legal advice to help you decide which is best for you.
From lease agreements to multi-billion-peso acquisitions, corporate lawyers can review, draft, and negotiate legally binding agreements on behalf of the corporation. Having them look over a contract before it is executed ensures that your business’s best interests are protected.
Since a contract sets obligations between parties that are enforceable by law, having an expert go through the document is advantageous for you. They will double check the stipulations and possibly suggest proposals or alternatives so that that everything is in order before you sign on it.
Mergers and Acquisitions
Your business can attain new properties, production facilities, or brand names by acquiring or merging with another company. It may also even neutralize a competitor you have in the same field.
A corporate lawyer can provide you with legal counsel for proposed transactions and evaluate the company’s key assets and liabilities. This includes financial statements, employment agreements, real estate holdings, and current, pending, or possible litigations. After assessing the current state of things, they can then raise specific issues to their client.
To help build and expand your business, corporate lawyers help you find the money for your ventures, organize your operations, and maintain your legal and business structures after formation. Some people find this type of work less confrontational than mergers and acquisitions since you and your corporate lawyer are both working towards a common goal.
Their responsibilities may include general corporate work, technology licensing, financing, and more. Other possible tasks are handling private and public funding as well as day-to-day counseling.
The development and construction of specific projects require the involvement and creation of various parties. A large sum of money is also needed for you to put up a new power plant, oil refinery, pipeline, industrial plant, or any other establishment.
Corporate lawyers can draft power purchase agreements and construction contracts while negotiating financial terms with lenders and investors. You can expect them to continuously touch base with you to ensure that the output meets your expectations.
To ensure that your company upholds honesty and transparency, corporate lawyers prepare reports for initial public offerings, yearly and quarterly disclosures, and special disclosures. They do this whenever something happens that may affect the price of stock. These incidents include impending litigations and government investigations.
Some of their duties also include advising clients on securities compliance, insider training, and market manipulation.
Where Can You Find a Reliable Corporate Lawyer in the Philippines?
We understand that finding a trustworthy and reliable corporate lawyer can be daunting. At Yap, Kung, Ching & Associates Law Office, we have assisted various clients in the past with regards to their company’s legal documents. We are a full-service law office strategically located inside Makati City and near Bonifacio Global City, Taguig.
A corporate lawyer is essential to ensure that you and your company are complying with the law. These professionals need to have various skills, including communication and negotiation, organization, quick and smart thinking, willingness to learn, and cooperativeness. When working with Yap, Kung, Ching & Associates Law Office, you can be sure that our team will attentively listen so that all your needs are met. Get in touch with us today for more information.