Did you know that there are an estimated 1,225,452 licensed attorneys in the United States? These professionals each specialize in a particular area or branch of the law, such as estate planning for example. One specific type of litigation attorney that plays an important role in our country is a business lawyer.
Business lawyers, also sometimes referred to as business attorneys, are lawyers who assist business entities with legal issues and proceedings. These business entities range in many different sizes, from corporations, to LLCs, to not-for-profits, to associations, to joint ventures, to organizations. Business lawyers don’t solely represent business entities either–they also represent individuals who act in a business capacity.
In this branch of law, business lawyers deal with several different areas that impact business operations, including: contracts, Securities Law, Antitrust laws, Commercial Paper, Pensions and Benefits, Immigration Law, Employment Law, Intellectual Property, Secured Transactions, Income Tax, Trusts and Estates, Labor Law and Bankruptcy.
For any person wanting to start a company, or ensure that their business is complying with any and all Federal, state and industry laws, business lawyers are the professionals to seek out. They help ensure that all regulations are met, while providing the legal expertise necessary to avoid future legal disputes that could result in litigation. Not only that, but business lawyers will also help to negotiate business terms, contracts, leases, and handle any other transactions on behalf of their clients, which helps businesses improve their efficiency and their profitability.
If considering whether or not to hire a business lawyer, know that the risk of not hiring one can cost more than their already quite affordable fees. The potential court cases could result in massive losses that very well could wind up bankrupting the company. It’s always best to avoid these by having the strong legal counseling of business attorneys on your side.
If you have any questions about business law, feel free to ask in the comments! Good refereneces: handelinlaw.com