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Corporate Law

Corporate law is an area of law that deals with interactions between corporate shareholders, consumers, directors, employees, creditors, and others with some type of stake in or dealings with the corporate world. Corporations are deemed the most dominant of all business enterprises and the rules and regulations that govern how corporations are ran are complex.

Corporate law is a part of the broader legal category of the law of business associations (i.e. partnerships and charitable organizations). However, with large enterprises that are incorporated a specific set of rules apply for the regulation of how these are operated. Corporations are identified as having the following characteristics:

  • They have a separate legal identity – Corporations can be sued and sue as if it were a human being.
  • They have shares that may be transferred – Shares of corporations are typically listed on an exchange to be bought or sold.
  • They are controlled by a board of directors – Corporations are not controlled by one person, but by a governing board or group of decision makers.
  • They are owned by a group of shareholders – Corporations are not wholly owned by one individual or entity, but are owned by investors in the company.
  • They have limited liability – Investors in corporations are only liable for money that they have pledged in the event a corporation becomes unable to pay its debts.

Corporate law is typically identified by two major categories, which are corporate governance (the relationships between the governing powers of corporations) and corporate finance (the financial regulations for use of corporate capital.)

Corporate law attorneys are available to assist corporations with ensuring the legality of transactions made with regards to contracts, accounting, trading, licensing, zoning, property rights, and other related matters, as well as understanding their legal rights and responsibilities.