{"id":7904,"date":"2020-11-09T11:32:21","date_gmt":"2020-11-09T16:32:21","guid":{"rendered":"http:\/\/www.atyourbusiness.com\/blog\/?p=7904"},"modified":"2020-11-09T11:32:54","modified_gmt":"2020-11-09T16:32:54","slug":"what-does-a-corporate-lawyer-do-exactly","status":"publish","type":"post","link":"https:\/\/www.atyourbusiness.com\/blog\/what-does-a-corporate-lawyer-do-exactly\/","title":{"rendered":"What Does a Corporate Lawyer Do Exactly?"},"content":{"rendered":"\n<p>There are all types of lawyers out there. There are real estate lawyers, divorce lawyers, defense lawyers, and more. But you might be wondering: what does a corporate lawyer do?&nbsp;<\/p>\n\n\n\n<p>That&#8217;s a good question! And, fortunately, it&#8217;s one that we can answer in detail. So, without further ado, here&#8217;s everything you need to know about the responsibilities of the corporate attorney.&nbsp;<\/p>\n\n\n\n\n\n<h2 class=\"wp-block-heading\">What Does a Corporate Lawyer Do? Types of Cases<\/h2>\n\n\n\n<p>Corporate lawyers work in &#8212; what else? &#8212; corporate law. This is the law that pertains to commercial organizations and businesses. It can be extremely complex and&nbsp;is often difficult for the layman to understand.&nbsp;Ergo, the corporate lawyer exists to help the layman decipher it.&nbsp;<\/p>\n\n\n\n<p>There are a number of different tasks tended to by corporate lawyers. Some of the different types of cases that are handled by corporate lawyers include:&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Business Entity Designation<\/h3>\n\n\n\n<p>In the United States, every business is considered to be a certain type of entity. The <a href=\"https:\/\/www.entrepreneur.com\/article\/38822\">type of entity<\/a>&nbsp;affects a business&#8217;s legal standing, taxation, as well as how it&#8217;s owned and managed.&nbsp;<\/p>\n\n\n\n<p>Some of the most common business entities are sole proprietorships, limited liability companies, and corporations. Whereas an individual business owner might have a sole proprietorship, a large business might be designated as a corporation.&nbsp;<\/p>\n\n\n\n<p>But let&#8217;s say you need help deciding on the type of designation that you&#8217;ll choose. Who can you turn to? A corporate lawyer, of course.&nbsp;<\/p>\n\n\n\n<p>Corporate lawyers can help business owners to assess their specific situations, and then help them decide which designations would be most beneficial to them. Well-versed in tax and business law, they&#8217;re also able to help business owners navigate the sometimes murky waters of business management.&nbsp;<\/p>\n\n\n\n<p>If you need help deciding what type of business yours should be, you should consult a corporate lawyer. Doing so will help get your business off on the right foot.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Merger\/Acquisition Assistance<\/h3>\n\n\n\n<p>Whether you&#8217;re merging your business with another, selling your business to another, or buying someone else&#8217;s business, you&#8217;re advised to hire a corporate lawyer to help you facilitate the process.&nbsp;<\/p>\n\n\n\n<p>There are all sorts of matters to settle when businesses are being merged and acquired. Who gets what amount of money? Who is going to be responsible for certain tasks? Are there any exemptions or exclusions to discuss?<\/p>\n\n\n\n<p>There will be arguments and there will need to be some compromises. A corporate lawyer can help you determine which ones should and shouldn&#8217;t be made.&nbsp;<\/p>\n\n\n\n<p>Put simply, it&#8217;s foolish to facilitate a merger or acquisition without the help of a corporate lawyer. Doing so is bound to open you up to all sorts of legal trouble in the future.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Corporate Litigation<\/h3>\n\n\n\n<p>Businesses make deals with each other all of the time. Unfortunately, on occasion, these deals go wrong, and one party decides to sue the other. When this occurs, there&#8217;s only one person to call: a corporate lawyer.&nbsp;<\/p>\n\n\n\n<p>A corporate lawyer will represent your business during the <a href=\"https:\/\/lawyer.one\/corporate-lawyer\">corporate litigation<\/a> process, making arguments on your behalf and consulting you on what steps you should and shouldn&#8217;t take.&nbsp;<\/p>\n\n\n\n<p>Going into litigation without a lawyer tends to be a huge mistake, one that can cost you thousands or even millions of dollars. Business matters are complex, and you need someone on your side who understands them in great detail.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Project Oversight<\/h3>\n\n\n\n<p>When done on a grand scale, business projects involve all sorts of complex entities. Not only do they require financial backing and assistance from several partners but they also require businesses to stay within federal and state guidelines.&nbsp;<\/p>\n\n\n\n<p>A corporate lawyer can help to oversee your project, ensuring that you&#8217;re operating within the bounds of the law and that every deal you make is a beneficial one.&nbsp;<\/p>\n\n\n\n<p>There is tons of paperwork involved in projects such as these. Leave it to your corporate lawyer to worry about.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Capital Obtainment<\/h3>\n\n\n\n<p>In order for a business to thrive, it needs capital. Unfortunately, capital isn&#8217;t easy to obtain. This is where a corporate lawyer can make a big difference.&nbsp;<\/p>\n\n\n\n<p>A corporate lawyer can help you obtain capital in a number of ways, from facilitating agreements with outside partners to helping you choose the right business designation to selecting the right type of financing and more.&nbsp;<\/p>\n\n\n\n<p>If you&#8217;re a new business with a great idea, or if you&#8217;re looking to take your existing business to the next level, a corporate lawyer can help you to do so.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Contact Creation<\/h3>\n\n\n\n<p>In the midst of running a business, you&#8217;re sure to have to draw up a number of different contracts. These contracts are bound to contain all types of complex legal language. To ensure that they&#8217;re ironclad, it&#8217;s wise to utilize the services of a corporate lawyer.&nbsp;<\/p>\n\n\n\n<p>A corporate lawyer will help you draw up contracts so that you&#8217;re not shooting yourself in the proverbial foot.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Much Money Do Corporate Lawyers Make?<\/h2>\n\n\n\n<p>Corporate lawyers stand to make quite a bit of money. In fact, they&#8217;re in the top 5 when it comes to the most lucrative types of law practice.&nbsp;<\/p>\n\n\n\n<p>Starting out, a corporate lawyer will make an average of <a href=\"https:\/\/www.payscale.com\/research\/US\/Job=Corporate_Lawyer\/Salary\">around $90,000<\/a>. However, after 3 to 5 years of experience, corporate lawyers make approximately $115,000. Over time, they can make up to $150,000 and, in some cases, up to $200,000 a year.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The amount you&#8217;re paid as a corporate lawyer is highly dependent on the firm or company you work for. If you&#8217;re a corporate lawyer for a big company like Amazon or Microsoft, you stand to make much more than you would at a mid-size law firm, for instance.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Looking for Other Legal Info?<\/h2>\n\n\n\n<p>We&#8217;ve given you an answer to the question, &#8220;what does a corporate lawyer do?&#8221;. But we don&#8217;t have to stop there. Our website has plenty of legal info for you to peruse.&nbsp;<\/p>\n\n\n\n<p>If you&#8217;re looking to brush up on other aspects of your legal acumen,&nbsp;keep reading our blog.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are all types of lawyers out there. There are real estate lawyers, divorce lawyers, defense lawyers, and more. But you might be wondering: what does a corporate lawyer do?&nbsp; That&#8217;s a good question! And, fortunately, it&#8217;s one that we can answer in detail. So, without further ado, here&#8217;s everything you need to know about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts\/7904"}],"collection":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/comments?post=7904"}],"version-history":[{"count":1,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts\/7904\/revisions"}],"predecessor-version":[{"id":7906,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts\/7904\/revisions\/7906"}],"wp:attachment":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/media?parent=7904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/categories?post=7904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/tags?post=7904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}