Here we have outlined a few areas where a transactional business attorney in San Diego might spend their time.
Business Formation and Operation
We all know that business is a legal entity created by the laws of its state of incorporation. The purpose of business entities is legal independence to prevent owners from being personally liable for business debts. A business lawyer helps a client create, organize, run, and dissolve a business entity. They draft the formation documents, and follow all of the entities formalities. Some of those entities include:
- Limited Liability Companies (LLCâs)
- Corporations (C-Corps and S-Corps)
- Professional Corporations
- Non-Profit Corporations
- Limited Liability Partnerships and
- Business trusts
A business lawyer in San Diego also plays a significant role in deciding the right legal form that suits the business type and provides legal advice related to the startup or management of the business.
Mergers and Acquisitions
Mergers and acquisitions (M&A) is the one major area a experienced business attorney focuses on. M&A is the process in which a business is sold, merged, or purchased by another party. M&A Business attorneys provide legal counsel about the proposed transactions and review all of the companyâs key assets and liabilities, and help the business make an informed decision after identifying all of the risk. The risk is determined by looking at:
- Financial statements and Cash Flow of the business
- Internal Agreements and Formation Documents
- Employment agreements
- Real estate holdings
- Representation and Warranties of the Purchase Agreement
- Intellectual property holdings and
- Any current, pending or likely litigation
They draft the Purchase agreement and negotiate in detail the terms of each partyâs rights, responsibilities, and liabilities.
Under this section, a business lawyer works on private and public financings and day-to-day counseling. They help new businesses find money for their venture, operations, legal maintenance and more.
In this field, business attorneys make deals to make an entity that exists or the term of the project, draft power purchase agreements, and negotiate finances with the lenders and investors.
In addition to these, San Diego business attorney also specialize in corporate securities law, the issuance of stock and the creation and distribution of the reports and more.
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Article Added on Saturday, March 10, 2018
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