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What Does A Business Lawyer Do?
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The real-life practice of law is far from what you see on television. Television depicts lawyers who negotiate a complex merger in the morning, and then head to the courtroom for a high-profile trial after lunch. In reality, these are two different types of lawyers: Business Litigators and Business Transaction Attorneys. While litigators and transactional business lawyers focus on businesses, they do so in very different ways. In many cases, people understand what litigators do, but the transactional business law is less understood. Transactional Business lawyers craft agreements or deals and advise businesses on their legal obligations, rights, and responsibilities. Transactional Business lawyers are often called as corporate counsel who advise businesses on their legal obligations, rights, and responsibilities, provide advice on business structures and evaluate ventures.
Here we have outlined a few areas where a transactional business attorney in San Diego might spend their time.
Business Formation and Operation
We all know that business is a legal entity created by the laws of its state of incorporation. The purpose of business entities is legal independence to prevent owners from being personally liable for business debts. A business lawyer helps a client create, organize, run, and dissolve a business entity. They draft the formation documents, and follow all of the entities formalities. Some of those entities include:
- Limited Liability Companies (LLC’s)
- Corporations (C-Corps and S-Corps)
- Professional Corporations
- Non-Profit Corporations
- Limited Liability Partnerships and
- Business trusts
A business lawyer in San Diego also plays a significant role in deciding the right legal form that suits the business type and provides legal advice related to the startup or management of the business.
Mergers and Acquisitions
Mergers and acquisitions (M&A) is the one major area a experienced business attorney focuses on. M&A is the process in which a business is sold, merged, or purchased by another party. M&A Business attorneys provide legal counsel about the proposed transactions and review all of the company’s key assets and liabilities, and help the business make an informed decision after identifying all of the risk. The risk is determined by looking at:
- Financial statements and Cash Flow of the business
- Internal Agreements and Formation Documents
- Employment agreements
- Real estate holdings
- Representation and Warranties of the Purchase Agreement
- Intellectual property holdings and
- Any current, pending or likely litigation
They draft the Purchase agreement and negotiate in detail the terms of each party’s rights, responsibilities, and liabilities.
Under this section, a business lawyer works on private and public financings and day-to-day counseling. They help new businesses find money for their venture, operations, legal maintenance and more.
In this field, business attorneys make deals to make an entity that exists or the term of the project, draft power purchase agreements, and negotiate finances with the lenders and investors.
In addition to these, San Diego business attorney also specialize in corporate securities law, the issuance of stock and the creation and distribution of the reports and more.
The author of this article is the leading business lawyer in San Diego with over a decade of experience in the industry. In this article, he provides detailed insight into the role of business lawyers. Visit https://odgerslawgroup.com/ for more information.
Attorney Matthew W. Odgers is the owner and founder of Odgers Law Group, a firm based in San Diego, California that focuses its energy on working with small business owners in the areas of dentistry, medicine, and entrepreneurship. Our vision centers on providing first-rate representation while creating customer value. By focusing our practice on Dentists and Physicians, we have developed a tailored approach to meeting the needs of our clientele with our specialized knowledge of their practices. We work with Dentists, Physicians, Attorneys, Veterinarians, Optometrists, Entrepreneurs and Small Business Owners all throughout the State of California. For more details, call 858-869-1114 or visit https://odgerslawgroup.com
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