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The Role and Responsibilities of a Corporate Lawyer

Author: Linda Hudson
by Linda Hudson
Posted: Jul 11, 2018

Whether it is to negotiate the acquisition of a company or assist a start-up, corporate lawyers are associated in advising businesses on their numerous legal rights, responsibilities, and obligations. They handle a range of legal issues for businesses.

Many corporate lawyers work in large or mid-size firms where they handle business transactions, negotiations, counsel clients, drafting and review contracts and other agreements involved with the activities of the business.

By networking through some experienced corporate law firms in Beirut Lebanon we have collected some information about what corporate lawyers do.

Counsel Publically Held Companies

One of the essential roles of corporate lawyers is counseling publically held companies. Therefore, corporate lawyers must be well-versed with state and federal securities laws that administer publicly traded securities. They assist publicly owned companies with matters related to the issuance of securities and detailed reporting requirements of state and federal agencies.

Public companies have strict standards concerning the disclosure of information that it might cast an adverse material effect on the earnings and so the price of the stock. Corporate lawyers advise these companies in matters, like public disclosure of disappointing financial results, an adverse judgment in litigation matters, initiation of a government investigation, etc.

Startups and Business decisions

New businesses, like start-ups, are often faced with the difficulty of business decisions, like whether to structure the business as a corporation, partnership, limited liability company, sole proprietorship, or joint venture. Determining the right business structure needs an in-depth analysis of how to raise initial capital, how to finance the business, the consequences of federal and state tax requirements and several similar matters. Corporate lawyers also assist small business in developing a business plan and finding sources of financing.

Some corporate attorneys even specialize in the field of offering advice on new business ventures. Corporate lawyers work closely with investment bankers. Business owners with a business plan need some type of financing to pay for equipment, employees, supplies and other materials.

Mergers, acquisitions, and divestitures

Corporate lawyers are involved in the process of merging two or more business or one business acquiring another. Corporate lawyers assist their clients with suitable financing for mergers and acquisition and counsel them regarding negotiation, the performance of contracts, drafting for the sale of the portion of the business. They help businesses to decide what portion of the company should be sold. They also draft non-compete agreements for companies.

Thus, corporate lawyers deal with a wide range of legal matters for business and big corporations.

About the Author

Linda Hudson is a IETP professional with more than 5 years of experience and fond of reading new topics and upcoming technologies on internet.

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Author: Linda Hudson

Linda Hudson

Member since: Dec 02, 2015
Published articles: 30

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