Every company (may be a beginning or already established and well-known) needs some professionals to help with different aspects of its business, such as its financial, legal needs, marketing, etc. Most of the time, the basic and most common professionals that companies need include accountants and lawyers, because first, who doesn’t need an accountant? Obviously, accounting is vital to the company’s finances, charts, accounts, payroll, tax returns, etc. On the other hand, lawyers can provide legal assistance and advice to deal with business registration, copyright, contracts, business registration, litigation, etc.
Obviously, since the World Wide Web can access almost all information with just a few clicks, some business transactions no longer require the guidance of a lawyer, such as small business registration. Therefore, some business owners do not immediately like to hire a lawyer for the company, especially when they are trying to cut costs.
But do you really need a corporate lawyer? What kind of lawyer is best for you, and what can they do for your business? Basically, every lawyer has a different profession, knowing which roles and tasks can be taken care of and provided will help you find one that will fully meet your needs. If you have a business, there are at least two types of lawyers to choose from:
- Business lawyer. Commercial lawyers can provide legal advice in almost every part of the enterprise, and provide clients with advantages in decision-making and opinions on the legality of things. Generally speaking, commercial lawyers are the people responsible for the company’s compliance with all domestic rules and regulations. In addition to providing statutory information and formulating company policies, they are also the best protection for companies from litigation. In addition, business lawyers specialize in writing business plans, signing partnership agreements, reviewing contracts, and dealing with police and other government entities that may investigate the business.
- Corporate lawyer. Corporate lawyers work for large corporations or companies. Many times, they are regarded as transaction lawyers because this is basically what they do-they are responsible for company transactions, such as drafting contracts, avoiding litigation, and ensuring that all legal documents are processed and defended. The company, if it is sued. Company lawyers work in the company’s legal department to help manage the sale and distribution of goods. They work with other departments to assist the company in making safe business decisions in accordance with local and international laws. Before merging the business, or if you are already registered and need other advice, you also need a corporate lawyer. In general, corporate lawyers ensure that investors’ rights, purchases and issues related to the company’s structure are protected.
The detailed description of the above-mentioned corporate and corporate lawyers will allow us to more easily decide which type of lawyer is more needed in a particular situation, or if we really need a lawyer, but if you still find it a bit confusing (this is completely Understandable) le), consider the main difference between the two: corporate law lawyers mainly focus on the business itself-its business, purchases and sales of goods, activities and effectiveness, while commercial law lawyers cover other parts such as employment and taxation.
By this time, you should have understood why you need a company or business lawyer for your company. Let me now give you a guide on how to choose the best lawyer for you. Here is a list of things you need to consider when trying to find:
- connection. It is not impossible for every lawyer to know everything in all areas of law. When your business has other legal requirements beyond the scope of your business/company lawyer, it is important that he/she can help you by knowing who to contact and asking for help. Every time this happens, it doesn’t make sense to find a new lawyer. For this reason, large law firms are preferable to smaller law firms. Large companies usually have many heads on one roof with different specializations, which is exactly what you need. Therefore, if you are looking for a business or corporate lawyer in Manila, Philippines, a company like Yap & Associates is highly recommended.
- Current client. Your lawyer must be familiar with your business industry, if not, he must be able to understand where it comes from. It would be better if he or she already has previous customers in the same field. On the other hand, if the lawyer you choose does not currently represent any competitor’s client, it will be safer.
- Good communication skills. A good lawyer must always have the patience and willingness to educate his/her clients about the legal conditions of their business. The lawyer must be able to inform you of our legal content and explain the way non-lawyers will understand it.
Lawyers are not only for the main purpose of companies (to take care of the laws of the company), but are also very helpful in terms of relationships (for partnerships and financiers). Therefore, choosing the best lawyer should take serious research and inquiries. Can not be ignored to get the best.