What is the biggest mistake of a long-time business operation that is just neglected? Is it the lack of a business lawyer? A business lawyer is an attorney that focuses on providing legal advice to business managers and business owners on dealing with issues that affect the business activity, these include:
- Intellectual property rights
- Taxation
- Business transactions
These lawyers are also popularly known as corporate lawyers or commercial lawyers. The Singapore Lawyer is one of the most trusted business lawyer in Singapore. Contact them today. Some other expertise of these business lawyers are:
- Contracts
- Labor agreements
- Regulatory measures
The responsibilities of a business lawyer
A business lawyer works legally under Singaporean business law, including:
- Researching cases
- Drafting contracts
- Managing budgets
- Developing diverse corporate procedures
- Ensuring regulatory compliance
- Managing budgets
- Litigating course cases
- Drafting codes of conduct
- Facilitating corporate merger
These lawyers can help protect the company’s assets and reputation. A good business layer has the following skills:
- Detail-oriented
- Knowledgeable
- Persuasive
Business activities dealt with by a business lawyer
- Breaches of contract and disputed contracts. What will happen when a contract is disputed? A client is not paying? Do employees share their secrets? A business lawyer advocates and negotiates on a business owner’s behalf, even filing a lawsuit when needed.
- The conflict resolution. Even a prestigious company may face problems, which a business owner might deal with. These problems may be related to sick leave, disability, workplace safety, and sexual harassment.
- Business formation. Every aspect of the business operation will be impacted by the chosen business entity, from the following:
- The payment of taxes
- Can obtain capital to personal liability protection
- Can take the company public
If you can’t understand the pros and cons of the business entity, you can choose an entity resulting in time-consuming legal problems, costly, and future issues.
- Compliance. New and well-established businesses benefit from an experienced business lawyer who advises on compliance problems and develops systems to monitor and lessen risk.
- Mergers and acquisitions. Are you thinking about purchasing a competitor? Or are you planning on being acquired by a larger company? Lastly, seeking to join forces with another business? Avoid the mistake of not taking the advice and guide of a business lawyer through the process.
- Real estate and property disputes. Whether the business leases or owns the property, you will likely need the business lawyer’s expert assistance. Business lawyers negotiate leases and sales, navigating confusing and complex tenant and real estate laws.
The Singapore Lawyer is one of the most trusted business lawyer in Singapore. Contact them today.