BUSINESS / CORPORATE LAW
The business lawyer provides legal advice in nearly all aspects of a business, being an asset for burgeoning small businesses that may not be familiar with the bureaucratic process of enacting their business model. Generally, the business lawyer will ensure that a company complies with local laws and regulations, offering advice from the formation to the dissolution of a business. Business lawyers can also be an asset for handling lawsuits, reviewing contracts, overlooking staff manuals, and enforcing policies.
BUSINESS LAWYER VS. CORPORATE LAWYER
One of the significant differences between corporate and business lawyers is that corporate law tends to provide guidelines in the purchases and selling of items, who are savvy in the sometimes bureaucratic process of selling services in an international market. Corporate law affects businesses significantly, with many companies involved in legal troubles due to a breach of a corporate mandate. In business law, lawyers cover areas such as employment and taxes.
Corporate law embodies corporate identities and how they are managed and formed. Business law covers several areas of law such as employment and commercial transactions. Both affect business and business entities and can be an asset in any business, regardless of its size. These entities include limited liability partnerships, sole proprietorships, and mergers.
An easy way to differentiate between corporate lawyers and business lawyers is seeing that business is an activity – it involves the selling and buying of goods. In contrast, corporate law is concerned with the operations, activities, and validity of a corporation only.
