Government data shows more than 1.2 million businesses in Canada, and you'll need a corporate lawyer to handle your affairs. Running a business is challenging enough, and a business lawyer working as a business law expert is the person in your corner as you navigate your business.
A corporate lawyer can help your business in several ways, including working as an advisor, aiding in compliance, and creating contracts. Complicated legal issues mean corporate lawyers are the best people to have on staff.
Here's more on why a corporate lawyer is best for your business.
Advisor
What is a corporate lawyer? Hiring a corporate lawyer means getting a business advisor to help you make legal decisions. Corporate lawyers know the nuances of legal language when there are questions about land acquisitions or regulations.
Business law experts can also advise on copyright infringement and trademarks. Regardless of the size of your business, a business lawyer will help you avoid the pitfalls of making a wrong decision before it costs you money.
The board of directors of a company might also consult a business lawyer about the company's future regarding statutes and rulings. A lawyer can also advise the board on corporate restructuring.
Compliance
Federal and state laws are constantly changing. What is a corporate lawyer? Hiring a corporate lawyer will ensure you comply with environmental, financial, and employment laws.
For example, if you use chemicals on your property, you'll need to know the proper protocols to discharge them safely. A lawyer will ensure you have the right system in place should a government official appear for an inspection.
Failing to comply with Canadian law could bring hefty fines and penalties. Should you make a mistake, it could put you out of business. A business lawyer will help you with those regulatory issues.
Contracts
Corporations deal with many contracts over the lifespan of their business. You'll need a business lawyer to sort out discrepancies from noncompete clauses to vendor contracts. It's imperative to read the fine print!
Lawyers can also help with nondisclosure agreements, partnerships, and leases. Moreover, lawyers will draw up contracts with outside contractors. And should someone break a contract, lawyers can advise on how to proceed.
Perhaps you want to outsource a portion of your business or provide manufacturing services under a different name. A business lawyer can sort out the differences between each side to make the most profit for each.
Reasons to Hire a Corporate Lawyer
Several reasons to hire a corporate lawyer include acting in an advisory role and working with the corporation on compliance. Additionally, a corporate lawyer will advise about contracts.
Look no further than us regarding corporate and business law in Canada. We can guide you through the process, regardless of your situation, and help you make the best decisions.
Contact Cassidy Ramsay today, and let's get started on getting you the best corporate lawyer!