Working with Our Law Firm: Why Hire a Corporate Lawyer
Did you know there is a difference between the term lawyer and attorney? In the United States, a lawyer is trained in the law and an attorney (attorney-at-law) can practice law and offer advise/counsel on the law.
While typically these terms are used interchangeably, in the law it is these small distinctions that have a big impact. If you own a business, any business, read on to learn why you need a corporate lawyer.
What Is a Corporate Lawyer?
What is a corporate lawyer and is that different than a business lawyer? The answer is yes, and you should seek out a firm that can provide support in both areas.
A corporate lawyer typically focuses on the buying and selling of goods, services, and companies.
Business lawyers focus on broader areas like employment law, contracts, and taxes.
When Should I Hire a Corporate Lawyer?
If you are starting a business, you can typically do some of these things before you hire a lawyer. This includes activities like developing your business plan, creating your business name, registering your businesses’ domain name.
Formulating Your Business
You should engage the services of a corporate lawyer as soon as you being the process of forming your business. They can ensure that your business is set up correctly and that you have filed the appropriate taxes and business registration forms.
If you have a business partner or investors, it is paramount that you have a corporate attorney set up the legal relationship. This will prevent problems as the business grows or if it dissolves.
Large Sales and Lease Agreements
If you are entering into a long term or expensive contract with another company, you should have your corporate attorney review the agreement.
This includes renting or leasing physical space for your business. Even though 80% of businesses survive their first year, less than half make it 5 years. For this reason, you want to ensure that you are protected.
Any Time There is Thought or Mention of Litigation
This may seem like common sense, but a good corporate attorney can help you not only litigate and issue but often times prevent litigation. Engaging your attorney early provides you with the most options.
Filing a Patent
If your business specializes in innovation or research and development, you should engage an attorney to make sure your products and ideas are protected.
If you are not in the area of innovation, but come up with a great idea, contact your attorney to protect it.
There are other reasons you may need a corporate attorney, such as when you are working to collect a large debt.
It is best to engage a corporate attorney early, as your business grows so will your relationship with your attorney. This will help to ensure that you and your business are protected no matter the situation.
Do You Need a Corporate Lawyer?
Find one that specializes in corporate law and is familiar with the local laws in the Houston Area. Contact us, our attorneys will sit down and discuss your specific situation and find a solution that works for you.