The role of corporate solicitors

 

Corporate, or corporation, lawyers are lawyers who specifically deal with the law relating to companies.

A specialist lawyer will deal with all aspects relating to the company itself, though there will often be other lawyers involved in other business dealings within the company, such as specialist tax lawyers and specialist contract lawyers.

Corporation law can include anything to do with a company, but the degree of specialism you need is likely to depend on the size of your corporation.

What is a corporate solicitor?

A corporate solicitor is a solicitor who specialises in the area of corporate law. As an area of law, corporate law deals with a wide subject area which involves a full range of company dealings, from:

  • A creation of a new company
  • Its business transactions
  • How shareholders are treated and interact with the company
  • The winding up of an insolvent company

Our corporate solicitors have experience of advising a wide range of transactions for public and private companies to entrepreneurs as well as institutions.

Whether you are considering selling the whole or part of your business, or if you are in discussions with another organisation having a corporate solicitor to advise you in the early stages can ensure that you are in the best position to achieve your favoured outcome.

What can a corporate solicitor help me with?

The kind of work that corporate solicitors will be able to advise you on is wide-ranging, but includes the following areas:

  • Corporate mergers, acquisitions and disposals
  • Buying and selling businesses and assets
  • Joint ventures
  • International transactions and business support
  • Corporate re-organisations and de-mergers
  • Raising development capital
  • IPOs and secondary offerings
  • Institutionally backed management buy-outs and buy-ins
  • Stock Exchange and financial services compliance
  • Company secretarial services

Our corporate solicitors will also be able to advise you on any tax implications

Incorporating your business

If you already have a business (i.e. you are a sole trader or in a partnership) you may think your business will benefit from incorporation. Lawyers can advise on the benefits of this: foremost that the company is a separate legal entity and therefore liability is limited to the company, rather than extending to its directors.

If the business is entirely newly formed and has not been a business previously, the company’s creditors may want a personal guarantee from directors that their debt will be repaid. This unfortunately means that the directors lose the protection of limited liability and often end up being responsible for the debt of a newly formed company.

With such a diverse area of law and the increasing competitiveness of the marketplace, it is both vital and beneficial that you instruct a corporate solicitor with expert knowledge in the area of corporate law you require assistance with and that the solicitor also has a solid working knowledge of your industry.

This will put your business in the best position moving forward with your corporate matter, whether it is negotiating a new deal, raising capital or acquiring part or whole of another business, and is where Contact Law can help.

For further information on using a corporate solicitor for a court matter, see our guidance page on corporate litigation.

Do you need help finding a solicitor specialised in corporate law? Contact Law works with a range of corporate solicitors specialising in different areas of industry who can help you. Please call us on 0800 1777 162 or complete the web-form above.

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