These professionals offer legal advice to people involved in all aspects and stages of any business. Some of the things a business law attorney does include:
• Ensure that there is compliance with all local business laws. If they do business internationally, they will ensure that they also comply with these laws.
• Offer suggestions and file forms for every step from business formation to dissolution if necessary,
• Handling lawsuits
• Review and write contracts
• Create staff manual
• Implement policies or guidelines
• Close all communication with the media
One of the important jobs of the legal attorney is the formation of a new business. If there is more than one owner, they will inform them of the type of business they form. It can be a partnership, corporation, or limited liability company. When forming a business of any type, it requires a concrete understanding of the obligations and tax implications of each type of business. Once a business is established, attorneys may be responsible for filing all annual reports and other business-related forms with different government agencies.
Many times businesses will use such legal attorneys when they wish to terminate or dissolve their business. This is done to ensure that the previously established dissolution guidelines are followed properly. Lawyers can also deal with new issues such as liens, large amounts of assets, or unpaid debts. Business law attorneys can also provide advice on some of the day-to-day happenings in business. They may be asked to develop guidelines for human resources staff regarding the firing and hiring of employees. If an employee feels that they have been sexually harassed, discriminated against, or wrongfully dismissed, they can pursue a lawsuit if one is filed. They can work on behalf of the employee or the employer.
Sometimes business owners will contact a business law attorney if they have questions about specific ways to save money such as whether they should own or rent a building. They may also want advice on where they can run their business to avoid having to pay high taxes, which is especially true if they are thinking of expanding their business internationally.
Some business law attorneys are familiar with patent law, so if a business has developed a product, they can contact an attorney to help protect their interests by filing a patent. If attorneys have an understanding of intellectual property law, they may be asked to help trademark their product name or business name. Business law attorneys can act as spokespersons for businesses if lawsuits involving them attract media attention.