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A Trusted Partner for Your Business – Understanding the Role of a Business Lawyer

what does a business lawyer do

Launching and operating a successful business involves navigating a complex legal landscape. From proper entity structuring to contracting, compliance, disputes, transactions, and more, companies face a web of legal considerations.

An experienced business lawyer guides you through this maze, helping you avoid preventable issues and seize opportunities.

But what exactly does a business attorney do, and when should you seek their counsel?

This article explores a lawyer’s key services and how they can become an invaluable ally for your company. You can turn legal complexities into competitive advantages with the right legal support.

What Does a Business Lawyer Do?

A business lawyer, also known as a corporate attorney, specializes in providing legal counsel to business owners and companies. Unlike litigators who handle court cases, business lawyers focus on proactive advisory services to prevent legal problems from arising in the first place.

These attorneys offer expertise in various crucial areas, including:

  1. Business Entity Formation: One of their primary roles is to help you determine the ideal legal structure for your business, such as LLCs, corporations, partnerships, and more. They consider factors like ownership structure, goals, and tax implications to provide informed recommendations. Additionally, they handle all necessary paperwork and documentation to establish your chosen entity properly.
  2. Contract Review and Drafting: As your business grows, you’ll enter into agreements with various parties. A business lawyer meticulously reviews contracts to identify areas for improvement and negotiates or drafts terms that align with your company’s needs. They also prepare essential documents like non-disclosure agreements, vendor terms, and contractor agreements.
  3. Legal and Regulatory Compliance: Business laws and regulations are continually changing, and staying compliant is crucial. Business lawyers monitor updates and provide guidance on necessary adjustments, helping you develop internal systems for compliance monitoring, employee training, and documentation.
  4. Resolving Disputes: Disagreements with vendors, customers, or partners can occur despite having good contracts in place. Your attorney can work to negotiate settlements and, if necessary, provide representation in court.
  5. Facilitating Business Transactions: Major transactions like mergers, acquisitions, financing, buying a business, or leasing require extensive legal documentation. Your business lawyer handles due diligence, negotiations, and regulatory approvals, ensuring you understand the terms and protect your interests.

When to Bring a North Carolina Business Lawyer On Board

Many owners don’t think they need a lawyer until a lawsuit lands on their desk. But by then, the damage is often already done. Savvy businesses realize the value of having counsel on retainer or readily available from the early stages.

Seeking input before signing contracts or making major business decisions prevents legally risky actions that are hard to unwind. Regular compliance reviews ensure you don’t miss important rule changes. Ongoing access to your lawyer through retainer services or a subscription legal plan costs far less than the legal fees to fix preventable major problems.

Businesses seeing rapid growth, frequent complex contracts, large transactions, or increased regulatory burdens maximize value from proactive legal guidance. But even small businesses benefit when they have a skilled advisor watching their back. Don’t go it alone.

Choosing the Right Business Lawyer for You

At Johnson Legal, our team offers the niche industry experience to intimately understand your business needs. Whether you are a startup disrupting the status quo or an established player in manufacturing, tech, healthcare, hospitality, or other sectors, we are equipped to advise companies like yours.

Johnson Legal provides the knowledge of a large firm with the personal touch of a smaller practice. We become trusted partners for the long haul, not just one-off fixers. Contact our office today to schedule an initial consultation. Let’s discuss how our business law expertise can support your goals.

Frequently Asked Questions

What industries most often work with business lawyers?

Almost every industry benefits from an experienced business attorney’s guidance. Common clients include companies in technology, manufacturing, healthcare, construction, retail, restaurants, and more.

What do business lawyers do when forming a new business?

The attorney will guide you through the process of choosing the ideal business structure, handle all filings to officially register your company, and draft essential corporate governance documents like bylaws, operating agreements, and organizational resolutions outlining ownership, leadership roles, decision-making policies, and meeting rules.

Do I need an ongoing relationship with a business lawyer?

Yes, it’s ideal to establish a long-term relationship rather than calling a lawyer only when problems arise. Proactive guidance helps avoid issues and facilitates business growth.

Start Your North Carolina Business on the Right Footing

At Johnson Legal, we’ve helped countless entrepreneurs in North Carolina turn their dreams into thriving enterprises by handling those critical startup steps – from choosing the right entity to drafting polished governance documents to mentoring you through the early stages of growth. Johnson Legal aims to become an invaluable member of your team for the long haul, not just a one-off advisor.

If you’re looking to launch or expand your North Carolina-based business on a robust legal foundation, contact us today for a consultation.

Author Bio

Shane T. Johnson is the CEO and Managing Partner of Johnson Legal, an estate planning and business law firm in Wilmington, NC. With years of experience in estate and business law, he has zealously represented clients in various legal matters, including small business formation and purchasing, estate planning, probate, domestic violence, and other legal cases.

Shane received his Juris Doctor from the University of Wyoming and is a member of the North Carolina Bar Association. He has received numerous accolades for her work, including being named among the Best Probate Lawyers in Wilmington by Expertise.com.

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