A brief introduction to business and corporate law
Running a business is a dream come true for many aspiring entrepreneurs and moguls in the making, but the road to success can be fraught with obstacles and potential pitfalls. Business law, small business law and corporate law are areas of law that deal with commercial matters. This is a diverse area, which covers a broad spectrum of services, including transactions, structuring businesses, dealing with disputes, tax litigation, shareholder agreements, real estate and mergers and acquisitions. The terms business and corporate law are often used interchangeably, but there are key differences. Business law relates to matters linked to commercial activity, while corporate law focuses on matters associated with corporations. A corporation is recognised as a single entity.
What do business lawyers do?Business lawyers offer an array of services for clients across all sectors. At Verhaeghe Law, we work with small, medium-sized and large businesses and corporations to handle a vast range of matters. Business lawyers specialize in issues related to commercial activity, company and corporate ownership and structuring, mergers and acquisitions, incorporations, shareholder agreements and legal disputes with customers or employees. Corporate law is focused primarily on the following areas:
- Incorporating companies
- Drafting shareholder agreements
- Overseeing mergers and acquisitions
- Corporate restructuring
- Condominium corporate organization
- Drafting agreements and documentation
- Preparing and advising on contracts
- Rollovers and reorganizations
Does every business need a lawyer?Managing a business of any size or scale requires owners to juggle several balls simultaneously. In addition to impressing customers, hiring and recruiting, generating orders and sales and balancing the books, business owners have legal responsibilities. It is beneficial for all enterprises to have access to experienced lawyers who specialize in small business law, business law or corporate law. From drawing up contracts and reviewing shareholder terms to dealing with disputes with customers and restructuring, there are several reasons why business owners may need to seek advice.
- Small business law
What are the benefits of hiring a corporate lawyer?The legalities involved with running a business, providing a service and becoming an employer often don't become apparent until a business owner needs legal advice. Being proactive in seeking advice from the outset can save time, effort and stress. Our experienced corporate lawyers are on hand to provide tailored advice about every aspect of commercial law and running a business legally. We have extensive experience in working with corporations and enterprises across Alberta and we have an in-depth knowledge of the rules, regulations and laws that govern business ownership. From ambitious entrepreneurs with grand plans for a start-up to established corporations, we provide a broad spectrum of services to suit your requirements. One of the most significant benefits of hiring an experienced business lawyer is having access to expert advice. Business and corporate law can be complex. We work with our clients to simplify processes, oversee corporate transactions, resolve disputes quickly and facilitate growth and development.
Common legal issues faced by businessesBusiness law is a multifaceted field, which covers a variety of issues from ownership, structuring and overseeing commercial transactions to handling mergers and acquisitions and real estate financing. In addition, corporate and business lawyers also provide advice and assistance for clients dealing with disputes and conflict. Examples of legal issues businesses may face include:
- Employee disputes, including discrimination and harassment
- Patent and copyright issues
- Conflict with customers and complaints
- Immigration audit