What Is Corporate Law?
Corporate law is a specialization of business law that focuses primarily on corporate entities: their formation, operation, contracts, and other matters. Corporations have come to dominate the financial world and, as such, employ many of the workers and carry on much of the trade worldwide. Many larger corporations maintain a staff of corporate lawyers. If you need help with a legal matter related to your corporation, contact a Bryan business lawyer.
Basics of Corporations
When a corporation is formed, it becomes an entity separate from its owners and founders. As such, it comes to possess some of the same legal standing as a person, in that it can be sued and must pay taxes. Unless dissolved, corporations continue on perpetually. This contrasts with partnerships, wherein the death of a partner can mean the dissolution of the company. State and federal laws govern the running of corporations, and this is where corporate law comes into play.
Areas of Corporate Law
Corporate law involves all aspects of the company, from creation to its running. Among the more important areas of corporate law are:
- Mergers and acquisitions
- Corporate taxation
- Real estate transactions
- Corporate structure
- Shareholder disputes
Intellectual property is a significant area of corporate law that has taken on added complexity with the advent of electronic technologies. Many of the methods by which corporations handled copyright infringement, for instance, have needed to be greatly upgraded in order to keep pace with the challenges of increased availability of information.
A corporate lawyer may be one of a number of individuals who form a legal team working for one single corporation. In other cases, corporate lawyers are hired to assist with special problems that arise. One of the more common duties of the corporate lawyer is the review of contracts, agreements, financial statements, and other documents as a way of identifying potential problems before they arise, such as mismanagement or malfeasance.
Call Us if You Need the Assistance of a Corporate Lawyer
Corporations have come to rely greatly on attorneys who have specialized knowledge and background to assist with complex matters. Call a Bryan business attorney with Peterson Law Group today to arrange an initial consultation at 979-703-7014 or 936-337-4681.
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