Tej Kohli on Scope of Corporate Law
Thursday, 19. June 2008, 08:17:31
Today's post on Tej Kohli Law career blog gives an insight into the Corporate Lawyer's Scope of Work:
A corporate lawyer largely deals in the legal department of a business. He acts as a legal advisor. The scope of work includes dealing with:
•Issues of taxes
•Employee rights
•Amalgamations
•Mergers and acquisitions.
To sum up, a corporate lawyer has to ensure the legality of commercial transactions. Some other types of practice that falls under its orbit, and not all lawyers do the same type of job like advising on legal or/and non-legal issues to the corporation. This starts right from the formation a corporation and goes on as long as business goes on.
Documents dealing with the formation of the corporation and the structure of the management, of its internal affairs are also drafted by the corporate lawyer. They also have to look into the best entity for a particular business (i.e. partnership, limited liability partnership, limited liability companies).
Corporate law is one of the most diverse professions and this increases the appeal of the profession. As each business entity runs under its specific guidelines and has its own set of responsibilities, rights, tax structure and organizational structure, corporate lawyers have to be resourceful and determined in their work. If you have it in you with the stamina to undertake a rigorous educational program and then pass the bar exam, then a career in corporate law is just right for you.
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