What Does A Business Transactional Lawyer Do?

Business transactional lawyers are flexible and knowledgeable problem solvers who help business owners with the legal aspects of complex transactions. Business transactional attorneys have proficiency in corporate and partnership law, commercial law, contract law, securities regulation, financial planning and bankruptcy and are skilled in drafting and negotiating legal agreements. They are expert in communicating clearly with prospective clients and creative in solving their problems.

Business transactional lawyers are engineers of the legal system who help business owners by drafting contracts and building business entities. They help businesses in arranging finances, designing strategies and navigating different business regulations. Business transactional lawyers counsel business organizations on different legal issues generated from different business dealings.

Business transactional lawyers make their clients understand the different problems they are facing currently or problems they might face in the near future. Business transactional attorneys assist businesses in negotiating and drafting business contracts, advising them about the different compliance matters, helping them to file forms required for legal purposes such as tax exemption applications, counseling them on licensing matters, intellectual property, or real estate.

Business Transactional lawyers help business owners with the following issues and problems:

Starting a business:

Businesses face a lot of confusion while choosing between an S Corp, an LLC or other business types. Any wrong decision taken by businesses often becomes incredibly costly to fix. Transactional lawyers help them to make the right decision.

Writing contracts- Business transactional lawyers help businesses in drafting forms or contracts to meet their specific needs.

Disputes in Contracts/Breach in Contracts-

Business transactional lawyers advocate and negotiate on behalf of business owners in different situations such as when a contract is disputed, or when prospective clients are not paying etc.

Resolving business issues and claims-

Businesses can run into serious problems anytime related to discrimination, sexual harassment, workplace safety, disability, sick leaves etc. Business transactional lawyers help businesses by educating them about the different laws and practices applicable during those situations and represent them when such situation arises.

Compliance and Risk Management-

Business transactional lawyers advise businesses about the different compliance issues and develop different systems that monitor such issues and minimize risk.

Property and Real Estate Disputes

Business owners need the assistance of business transactional lawyers during owning a new property or leasing it. Business transactional attorneys help them in negotiating lease and sales by navigating confusing and complex real estate laws.