Corporate Attorney

California, Los Angeles, San Diego

Brad Nakase, Attorney

Email  |  Tel 888-600-8654

California businesses should hire a corporate lawyer to ensure corporate compliance. A corporate lawyer advises a business client of the company’s responsibilities, rights, legal duties, and rights. When a corporation hires a corporate lawyer, the lawyer represents the corporation. The corporate attorney does not represent the corporate officers, employees, or directors. Under corporate law, a corporation is considered a “person” and is separate and distinct from the shareholders and natural person running the company.

What is Corporate Law?

Corporations are treated like people; they can sue and be sued. Corporations are legal entities that are authorized to conduct business. As separate legal entities, corporations are set apart from their individual owners and shareholders. Corporate law focuses on all the legal hurdles that corporations may face. There are so many state and federal requirements that corporations must abide by which is why most states make it mandatory that corporations hold annual meetings. An attorney along with owners and shareholders attend this meeting as to make sure that the corporation is following all rules and regulations.

Corporations also confront the normal everyday issues that businesses face, such as employment issues, disputes regarding contracts, and product liability issues, etc. Depending on the corporation’s size, they can either hire a legal team with various types of specialties, or one individual attorney with a broad range of experience.

Important Terms

  • Corporation. A corporation is a legal entity whose main purpose is conducting business. Corporations are either closed or public. Few people own the corporation when it is a close corporation, it also does not have its stock publicly traded. With public corporations, stock is traded on the stock exchange market.
  • S Corporation. This kind of corporation has a limited number of shareholders. Although the shareholders have some certain tax benefits, they have no stock options.
  • Piercing the Corporate Veil. The person with the highest ranking in a company, who is responsible for making decisions regarding management.
  • Chief Executive Officer (CEO). Appointed by board of directors, the CEO is the executive chief with the power to make decisions and authority to manage the corporation’s daily operations.
  • Board of Directors (BOD). Elected by the corporation’s shareholders, the board is a group of individuals that manage the corporation’s affairs and with power to appoint the corporation officers.

What to Consider When Hiring a Corporate Lawyer

Although corporations must be incorporated, they do not necessarily have to be in their home state. For example, Delaware is actually a popular pick when it comes to incorporation due to its tax benefits and the low costs of incorporation. However, corporations still need to register their corporation in states where they conduct their business. It’s always best to check with an attorney if you would like to incorporate out of state.

As mentioned above, corporations are heavily regulated by state laws and the federal laws. Actions like calling for board meetings, issuing stocks, appointing employees, and having communications with shareholders- are all actions which are governed by several state and federal statutes. Corporations that fail to follow statutes can be subject to heavy fines and even lawsuits. Taking this into consideration, it is extremely important that a corporation has a lawyer to help it navigate the murky waters of state laws and federal laws.

Corporate Lawyers Los Angeles Businesses Trust

Most Los Angeles business owners know that a corporate attorney can help their company with litigation, but there are a number of other ways corporate lawyers can help your business:

  • Small Business Legal ServicesA good corporate attorney will provide legal counseling from startups, business formation, incorporation, and litigation. First, some general rules about dealing with lawyers: If you are being sued, it’s too late.

  • Partnership agreements – A partnership agreement details the responsibilities of each founder to the business. This might be in terms of the amount of resources they provide or the work that they do for the business. This agreement will also set provisions for profit-share, decision-making authority, and how to deal with the dissolution of the business.

  • Contracts – Strong contracts will protect your business from litigation and from other parties not fulfilling their responsibilities to your company. You will need business contracts with suppliers, clients, and employees.

  • Intellectual property protection – Trademarks, patents and copyrights will protect what makes your business unique. A lawyer can help you to file the paperwork properly to ensure there are no loopholes.

  • Business formation – If you need help weighing up the pros and cons of each type of business entity, then a corporate lawyer will be able to help. They will also assist with filling out and filing the formation paperwork.

  • Employment Lawsuit Defense – Even with strong employment contracts, employment disputes can happen. Corporate lawyers are experts at trying to prevent and resolve issues without litigation. If you are facing litigation, they can help with that too.

What Can’t a Corporate Attorney in California Help With?

There are a number of things a corporate attorney cannot help with, either because it is something that is more financially viable to do yourself or because it requires the help of other professionals. Here are some things that your corporate lawyer cannot help with:

  • Applying for an EIN
  • Filing formation papers
  • Choosing domain names and business names
  • Anything to do with taxes
  • Payroll
  • Applying for a business license
  • Writing a business plan
  • Hiring employees and independent contractors
  • Applying for business loans

A corporate lawyer is a great source of advice on the above topics, but they cannot perform those tasks for you. If you need to find an accountant, ask your corporate lawyer who they will recommend.

How to Pay a California Corporate Lawyer

A corporate attorney will use a number of different fee structures when charging you. Certain fee structures are more appropriate for different services. Here are the five most common fee structures:

  • Retainer – By hiring an attorney on retainer, you buy a certain amount of their time per month. This means that you can seek advice and questions from them anytime you need, and you will receive a quicker response because that time is set aside for your business. This fee structure is beneficial for new business owners or those that may need a lot of assistance.
  • Contingency Fee – For lawsuits where a client will win damages or compensation if they win the case, a lawyer might work on a contingency fee. The client will not pay any legal fees upfront (though they may need to pay court fees), and the attorney will take their fee as a percentage of the compensation they win. If your attorney does not win the case, then you will not pay them.
  • Flat Fee – For simple services, a corporate lawyer will charge a flat fee. This means that you will only pay them this fee for the task, no matter how long it takes them. Attorneys will usually allow flat fees for routine tasks that will not vary in the amount of time or work they take.
  • Hourly Rate – For tasks that may vary in the time it will take or those that need negotiation with another party, your attorney will charge an hourly rate. This means that you will pay them for the time they spend on each task.
  • Business Equity – This is not a common fee structure, but if your attorney believes in your business, they may offer their services in return for business equity. They will come on board as a legal partner as they are more invested in the success of your company.

Free Consultation

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Family Member Stealing from Business

The best way to reduce the chance of embezzlement from a family business is to provide education to all employees, implement strict rules about how the company’s assets and funds can be used, and put in place controls that will spot wrongdoing immediately.

Director Stole Money from Company

An example of embezzlement is when a corporate director took money from a cash register and used the funds for his benefit.

Can You Force a Business Partner Out?

Partnership agreements and partnership law guide business partnerships. The partnership agreement determines when and how one partner may force another out of the business. Business partnership law controls the procedure for forcing a partner out if there is no partnership agreement.

Can I Take My Business Partner to Court?

You can take a business partner to court by suing the partner. You may use the business partner for embezzlement, breach of fiduciary duty, fraud, or negligence.

7 Tips for Buying Out a Business Partner

There are many reasons to buy out a business partner, including giving you complete control of the company. The steps for buying out a business partner include: 1) Determining the assets you’re buying, 2) Clear communication, 3) Hire an attorney and CPA, 4) Retain expert in business valuation, 5) Draft a partnership buyout agreement, 6) Determining buyout financing…

What to do if someone breaks a verbal agreement?

If someone breaks a verbal agreement, the first thing to do is to determine if the verbal agreement is valid. If the agreement is valid, hire and lawyer and sue for money damages or specific performance.

How to Register a Business Name in California

To register a business name in California, check if an existing business already uses the name. Then, register the business name with the California Secretary of State if the company is going to be an entity. Register the business's name with the city’s county recorder if the business is not an entity.

Is a Verbal Contract Enforceable in California?

A verbal contract is generally enforceable in California, with some exceptions. Two of several exceptions to enforcing oral contracts are contracts that involve real estate leases, buying or selling real estate.

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For women business owners, it is critical to develop connections with fellow professionals in order to create useful networks. There are plenty of associations that support women, and which can be very beneficial for small business owners looking for advice and fellowship.

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What is an unsecured business credit card? An unsecured credit card does not require a personal guarantee from the business owner. Small business owners prefer an unsecured credit card.

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Starting a new business is challenging. Buying an existing business has its advantages, including knowing what is already there and improving on it: trained employees, existing customers, and operating expenses.

SBA CAPLines

SBA CAPLines are SBA lines of credit that help a small business improve short-term cash flow. The SBA CAPLines have four types of credit: 1) Seasonal CAPLine, 2) Contract CAPLine, 3) Builders CAPLine, and 4) Working CAPLine.

Deceit Definition | Definition of Fraud

Deceit as defined is tortious fraud or deceit occurs when a party “willfully deceives another with the intent to induce him to alter his position to his injury or risk.” Civ. Code § 1709. Fraud has three meanings: 1) A person made a false promise, 2) A person conceal important facts, and 3) A person intentionally misrepresent an important fact.

Is Small Business Loan Secured or Unsecured

Although a small business loan may be secured or unsecured, nearly always, the loan is secured. The bank loans are nearly always secured by the business’s accounts receivable, intangible assets, and tangible property, if any exists.

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