Sunday, 3 November 2013

Corporate Laws

Although a corporation is actually something that is made up and not a person, they still have the power to sue or be sued. Therefore, a corporation is almost like a person legally. Under corporate law, corporations also have to file income tax returns just a like a person would. Corporate law, or company law as it is sometimes called, governs the creation, structure and dissolution of all corporations. Corporate laws are very powerful and corporate laws have to be followed by business owners, even if their corporation is small.

•Corporate law can be very complicated, and sometimes understanding corporate laws is something that is best left to the experts. However, an individual should have some knowledge of corporate law, whether they are a shareholder or a corporation owner. Some corporate laws involve personal liability for creditors. When an individual starts a corporation, it protects any shareholders from personal liability to the creditors of the corporation. Under corporate law, it does not matter is there are 1000 shareholders or three. This corporate law is meant to encourage people to invest their money in business ventures without having to worry about losing their life savings or personal property. Corporate laws protect both shareholders and business owners. Corporate laws require corporations to officially register with the state in which they incorporated.

•Different corporate laws apply to different types of corporations. There are two types of corporations. These are private corporations and public corporations, both with different corporate laws that govern them. Under corporate law, a private corporation is usually allowed to sell shares to qualified investors like institutional investors. Corporate law states that any buyers be limited in their ability to resell them to others. In part, this is because corporate law requires a public corporation to sell shares on a public exchange. While these corporate laws are very important, some of the most important corporate laws govern corporate taxes that must be paid. In principle, under corporate law, no corporation is exempt from paying taxes. In practice, it is another matter.

•Because of the corporate laws governing taxes paid by corporations, some people complain that this amounts to double taxation. That is because corporate law requires that the corporation be taxed on income that it receives as a company; this same income is taxed again as individual income tax when it is distributed as dividends and salaries. However, corporate law requires that any corporation earnings that qualify under Subchapter S of the Internal Revenue Code be taxed only at the level of shareholder, not in addition to the corporation level of taxation. In this way, corporate laws try to protect the corporations from paying too much in taxes.

Corporate laws are meant to protect both shareholders and the actual corporation, although it may seem like they only protect the corporation at times. It is important for any individual who plans on starting a corporation or investing in a corporation has a general knowledge of corporate laws.

Business Attorneys

When one become a business attorney, they end up handling a number of issues. Business attorneys are often referred to as corporate attorneys, since they handle a number of corporate related issues like taxes and contracts. A business attorney is one that is often sought out, although no individual is required to be given one the way they are a criminal attorney. Hiring a business attorney is up to an individual if they think they need one.

•A business attorney requires the same educational requirements as any other attorney. A person who wants to become a business attorney should first get an undergraduate degree at an accredited university. An individual who already knows that they want to be a business attorney may want to major in business or economics. This will help them to get a better understanding of what they will be doing in their career as a business attorney. The next step after obtaining an undergraduate degree is to take the LSAT, also known as the Law School Admissions Test. Getting into a good law school is nearly impossible unless one has a good grade on the LSAT. One should look for a law school that specializes in training business attorneys, of which their are plenty. No matter whether one wants to be a business attorney or another type of attorney, a good grade on the LSAT is very important.

•Part of making the most of law school is networking. Finding and befriending other individuals who want to be business attorneys can be a good idea. Not only will an individual find friends with similar interest, they can also be used for career purposes in the future. Unlike an undergraduate college, there are no majors in law school. However, there is also time when the law student can pick particular law classes to take. When one is able to choose those law classes, one who wants to be business attorneys should take any classes that they can find that relates to becoming a business attorney.

•Before taking and passing the bar exam, one should research different law firms to see which ones have business attorneys. There are two places a where a business attorney may try to find a job. A law firm is one of them. This law firm may specialize in providing business attorneys or they may be a general law firm that has many different types of lawyers working for them. A business attorney can also seek employment at a corporation. The business attorney would then be concentrating exclusively on that corporation. Business attorneys often choose to work for corporations, since the salaries are usually higher and they will know exactly what type of corporate law they will be working with.

There are people who become attorneys because of the fact that they feel the job is exciting. While the position of business attorney may not be as exciting other specializations, business attorneys almost never find themselves idle or out of work. Business attorneys should have a strong interest in business and financial matters since those are the issues that they will usually find themselves handling.

Business Lawyers

Business lawyers are often referred to as corporate attorneys, since they handle a number of corporate related issues like taxes and contracts. A business lawyer is one that is often sought out, although no individual is required to be given one the way they are a criminal attorney. Hiring a business lawyer is up to an individual if they think they need one. Many people will find themselves in need of a business lawyer at some point in their life.

•Becoming a business lawyer requires the same educational training as any other lawyer requires. A person who wants to become a business lawyer should first get an undergraduate degree at an accredited university. An individual who already knows that they want to be a business lawyer may want to major in business or economics. This will help them to get a better understanding of what they will be doing in their career as a business lawyer. The next step after obtaining an undergraduate degree is to take the LSAT, also known as the Law School Admissions Test. Getting into a good law school is nearly impossible unless one has a good grade on the LSAT. One should look for a law school that specializes in training business lawyers, of which their are plenty. No matter whether one wants to be a business lawyer or another type of lawyer, doing good in college and a high LSAT score is very important.

•Before taking and passing the bar exam, one should research different law firms to see which ones have business lawyers. There are two places a where a business lawyer may try to find a job. A law firm is one of them. This law firm may specialize in providing business lawyers or they may be a general law firm that has many different types of lawyers working for them. A business lawyer can also seek employment at a corporation. The business lawyer would then be concentrating exclusively on that corporation.

•Part of making the most of law school is networking. Finding and befriending other individuals who want to be business lawyers can be a good idea. Not only will an individual find friends with similar interest, they can also be used for career purposes in the future. Unlike an undergraduate college, there are no majors in law school. However, there is also time when the law student can pick particular law classes to take. When one is able to choose those law classes, one who wants to be business lawyers should take any classes that they can find that relates to becoming a business lawyer.

Business lawyers are always in demand, since there are so many issues that they cover. While the position of business lawyer may not be as exciting other specializations, business lawyers almost never find themselves idle or out of work. With the recession and the iffy job market, the job security alone makes some people decide that becoming a business lawyer is right for them.

Business Law

Any one who is planning on starting a business should know something about business law. Business laws are important to know even if the new business owner has a business lawyer to handle their legal issues. No matter what type of business one is starting, the business laws that govern it will be similar, although the type of business may have different legal issues to confront.

•No matter what type of business one plans on starting, care, planning, and attention to detail will help to prevent trouble with any business law that should be followed later down the line. Certain business laws revolve around the naming of a business. Every business starts with a name. An individual should be original and research the chosen name thoroughly to avoid trademark infringement. Trademark infringement violates any business law, no matter what type of business it is. Business laws exist to protect business owners, and an infringement problem can lead to trouble for a business owner. One business law involves the use of a fictitious name, meaning any name other than the owner’s. One will probably have to register what is known as a “doing business as” with the county that the business is in.

•The business laws that one must follow also depend on what type of business one wants to build: sole proprietor, partnership or a corporation. There are many different types of corporations, so determine which is best for the business. Business laws that govern each type of business vary, especially that of a corporation. Other important business laws center on taxes. To follow the business law that is in charge of taxes, one must apply for an Employer Identification Number by going to IRS, unless one is operating as a sole proprietor. The IRS will send information about the business laws of filing taxes. Once a business has an official Employer Identification Number, they can open a business bank account according to business laws.

•Another important business law involves the use of a logo. Depending upon the nature of the business, products or services that the business will offer, one may need to pay special attention to designing a logo. This is best done early, because the logo will appear on everything. Business laws should be carefully studied regarding the logo. If the individual intends to register a trademark for the business name, product and service, they should start by consulting with a trademark and patent attorney, who will be trained to know every business law regarding a logo.

Many things which involve starting a business can be handled via the Internet. Business laws are also explained on the Internet, and every business law for each business should be investigated. The last thing that a new business owner needs is trouble involving business laws. Many people may choose to hire a business lawyer to help but they should still be aware of the business laws involving their particular business themselves in case they have to make a quick decision regarding a legal matter.

Laws for Business

Laws for business are important to know even if the new business owner has a business lawyer to handle their legal issues. While some businesses require more know how of the laws for business, one should always have a basic knowledge. That way, one is less likely to be taken advantage of or to face business legal problems. This principle actually also holds true for taking care of the books; even if one hires an accountant they should still be able to understand them.

•No matter what type of business one plans on starting, care, planning, and attention to detail will help to prevent trouble with any law for business that should be followed later down the line. Certain laws for business revolve around the naming of a business. Every business starts with a name. An individual should be original and research the chosen name thoroughly to avoid trademark infringement. Trademark infringement violates any law for business, no matter what type of business it is. Laws for business exist to protect the business owners and customers, and an infringement problem can lead to trouble for a business owner. One law for business involves the use of a fictitious name, meaning any name other than the owner’s. One will probably have to register what is known as a “doing business as” with the county that the business is in.

•There are many different types of businesses, so one should determine which is best for the business that they want to start. Laws for business that govern each type of business vary dramatically depending on what type of business one is starting. The laws for business that one must follow depend on what type of business one wants to build: sole proprietor, partnership or a corporation. Other important business laws center on taxes. To follow the law for business that involves taxes, one must apply for an Employer Identification Number, also known as an EIN by going to IRS. This law for business always holds true, unless one is operating as a sole proprietor. The IRS will send information about the laws for business regarding the of filing taxes. Filing business taxes is very different from filing personal taxes.

•A logo can actually make or break a business, depending on how eye catching it is. That being said, another important law for business involves the use of a logo for the business. Depending upon the nature of the business, products or services that the business will offer, one may need to pay special attention to designing a logo. Laws for business should be carefully studied regarding the logo. If the individual intends to register a trademark for the business name, product and service, they should start by consulting with a trademark and patent attorney, who will be trained to know every law for business regarding a logo.

Laws for business are also explained on the Internet, and every law for business for each separate type of business should be investigated to avoid legal trouble. The last thing that a new business owner needs is a lawsuit or trouble involving laws for business. Many people may choose to hire a business lawyer to help but they should still be aware of the laws for business involving their particular business themselves in case they have to make a quick decision regarding a legal matter.

Contract Laws

Contract laws that govern contracts make them legally enforceable promises. A contract law does not necessarily require the agreement to be written down, although one should always have a contract in writing. Contract laws allow these promises to be expressed with words and conduct, or implied by conduct. To be valid under contract laws, a contract has to be made as part of a bargain for some sort of legal consideration. The stipulations under contract law must rely on the promise to follow through.

•Under current contract law, there are three legally acceptable kinds of contracts that can be made. An express contract is one made with words, or a verbal agreement. Contract laws do cover these verbal agreement contracts, although a verbal contract may be difficult to prove. An implied contract is made by a demonstration of actions. An implied-in-law contract is not a true contract under contract laws; however it is still upheld and recognized by the courts in order to prevent an injustice to the parties involved in the problems of the contract law issue. There are other issues involving contract laws as well and these have to do with what type of contract an individual has entered into. Different contract laws cover different types of contracts.

•Under current contract law, a legal contract must consist of three parts: an offer, an acceptance and the consideration. Contract law defines an offer as an expression of intent to be bound and are not valid without an acceptance on the part of the other party involved in the contract. This acceptance can be done by a return promise or by performance of the promise on behalf of the other party. Consideration under contract laws is the bargained exchange in which each party is subjected to a legal action. It is important to note that one should be careful when dealing with contract laws, since an important contract can be deemed null and void if the contract laws are not followed exactly. Under any contract law, there are certain agreements require satisfaction of what is known as the statute of frauds. This contract law requires that a statute contains an agreement to be in writing, signed by the parties and a witness, indicate a contract exists between the parties and state the terms of the agreement within the contract.

•One of the reasons that is so important to be aware of contract laws is because contracts are often breached. Under any contract law, if a contract is breached the parties have remedies to make the agreements whole or to put them back where they were when the contract was first made. This can be complicated and one should use a contract lawyer to handle this procedure. Some of the ways of dealing with a breached contract are awarding expectation damages, reliance damages, interest payments and punitive damages.

Many people will have to sign a contract at some point in their life. Once they do, they will be required to follow contract laws or be subject to possible legal problems. Contracts can be very hard, if not impossible to get out of. Before signing any contract, one should be aware of what they are getting into.

Contract Attorney

Contract attorneys can have difficult jobs, like any other attorney. Also like other attorneys, contract attorneys have certain educational requirements. Individuals who want to become contract attorneys have a tough road ahead of them, but the payoff might be worth it, literally. Contract attorneys often dabble in other types of business law, but a contract attorney will mostly be responsible for overseeing important documents. There are several things that one should do if they want to become a contract attorney.

•The first step to becoming a contract attorney is getting an undergraduate degree. After the undergraduate degree is obtained, it is time for law school. Getting a law degree is necessary when it comes to becoming a contract attorney. While it is true that some law firms may consider giving out document review projects to law students during an internship, most law firms will require an individual to have a Juris Doctor, if not the bar license. After passing the bar exam, an individual can become a full fledged contract attorney. Contract attorneys now have the task of finding a job with a real law firm that specializes in corporate law. Finding work as a contract attorney may be difficult, but certainly not impossible.

•Contract attorneys can start by investigating professional temporary agencies that staff law firms with all types of attorneys, including contract attorneys. There are plenty of temporary employment agencies that cater to professionals that are looking for temporary or short-term work. Even if the contract attorney prefers full time permanent work, a temporary agency can help them get their foot in the door and lead to long-term employment. A temp agency can also give the contract attorney experience with different law firms, which may lead the contract attorney to have their pick from several different law firms when looking for full time employment later on. The more experience that contract attorneys have, the more likely they are to be hired by a reputable law firm.

•Another way to become employed as a contract attorney is by contacting law firms directly. One should inform the law firm that they want to offer their services a contract attorney. Sending a resume will be necessary and all contract attorneys should have one. It is a good idea for a contract attorney to submit a good writing sample with their resume so that the law firm in question can get an idea of their research and writing skills. This will let the law firm know that the contract attorney will be good at writing up contracts, although there is a standard procedure when it comes to making contracts. All contract attorneys should know how to write a standard contract, but they should also know how to make unique contracts for their clients.

Contract attorneys have very important jobs. Much of the legal world revolves around agreements, and contracts are legal agreements. Some are written, some are verbal and some are implied. Either way, a contract attorney is responsible for making sure that the contract is properly made and executed, if necessary in a court of law.