No one ever expects to need legal services, but sometimes they are unavoidable. If your business is incorporated, you will likely need the help of a corporate law attorney at some point. This includes when you want to start a new business, merge with or acquire another company, dissolve your business, or if you have questions about your corporate bylaws. Corporate law is a branch of law that deals with the formation and operation of corporations. This guide analyzes in detail four instances when you might need to seek legal assistance:
When Starting a Business
When you start a business, there are many important legal decisions that need to be made. You will need to choose the type of business entity you want to form, which will determine the tax implications and the level of personal liability you face. You will also need to decide on a name for your business and make sure it is properly registered. Additionally, you will need to obtain the necessary licenses and permits to operate your business. An experienced corporate law attorney can help you navigate these decisions and make sure your business is properly formed.
When Merging With or Acquiring Another Company
If your business is looking to expand by merging with or acquiring another company, you will need to follow a specific legal process. This includes negotiating and drafting the terms of the merger or acquisition, performing due diligence on the other company, and obtaining shareholder approval. A corporate law attorney can help you with all aspects of the merger or acquisition process.
When Dissolving Your Business
There may come a time when you need to dissolve your business. This could be for a variety of reasons, such as retirement, financial difficulties, or disagreements among shareholders. Dissolving a business is a complex legal process that requires following specific state and federal laws. A corporate law attorney can help you navigate the dissolution process and ensure that it is done correctly.
When You Have Questions About Your Corporate Bylaws
Your corporate bylaws are a set of rules that govern the internal operations of your corporation. They cover things like the powers and duties of the board of directors, the procedures for holding shareholder meetings, and the issuance of stock. If you have questions about your corporate bylaws, or if you need to make changes to them, you should consult with a corporate law attorney.
These are just four of the many instances when you might need to seek legal assistance from a corporate law attorney. If you have any questions or concerns about your business, it is always best to consult with an experienced attorney to ensure that your rights are protected. Contact a credible corporate law attorney today to help you address any corporate legal dilemmas.