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Business cases are often more profitable and less risky than other cases. A business lawyer focuses on the successful establishment and long-term profitability of businesses. They plan short and long-term goal-setting as a means of growing a business and weathering any inevitable business downturns. They guide their clients through every stage of a business, from choosing an entity-LLC, incorporation or partnership filing to acquisition and mergers. They follow a comprehensive approach to give flexibility to a client’s business plans, allowing them to weather unforeseen circumstances and economic difficulties.
It is important to take guidance from a business lawyer, as making important business decisions without legal counsel can be hazardous, resulting in added costs, tax and regulatory problems, and sizeable litigation expenses.
A business lawyer helps set up a business entity and can assist in choosing the appropriate entity (LLC, LLP, Non-Profit, partnership, etc.). They can also guide anyone starting a new business with all the related filing and regulatory formalities. These lawyers also help in purchase, sale, transfer or dissolution of a business – including contract reviews, purchase and sale agreements, loan agreements, secured transactions and mediation or negotiation of disputes, and breach of contract issues. They work on intellectual property, trademark infringements, and copyright and trademark protection to ensure the smooth running of operations. Business lawyers also assist in financial and tax-related issues and give information in areas like franchising, corporate law, Internet law and bankruptcy. Continue reading