What does a business lawyer do? What do international trade lawyers do?
We frequently receive these and other inquiries regarding our specialty.
The business lawyers team at Markowicz International gathered some of these frequently asked questions and answered them:
CONTENT
- What does a business lawyer do?
- What do international trade lawyers do?
- Do I need a business lawyer?
- Do I need a lawyer to register a business?
- Do I need a lawyer for an LLC?
- Can you be personally liable in an LLC?
What does a business lawyer do?
Business lawyers make sure that all kind of business ventures (small / medium / large operations) are compliant with rules and regulations governing each particular industry. Some industries are more controlled than others, requiring special licensing and monitoring. Business lawyers participate in the strategy, execution and periodic revision to make sure full compliance is attained all throughout.
What do international trade lawyers do?
International trade lawyers make sure that all local as well as international rules and regulations are followed before products are exported out of origin and subsequently imported into destination. Some industries / products require special licensing / permission from federal and state agencies. International trade lawyers assess the product, industry regulations and standards of practice and advise the clients on the required protocols to maintain full compliance all throughout the process.
Do I need a business lawyer?
No matter the size and scope of your venture, a business lawyer is needed to guide through the transaction ranging from strategy, execution and subsequent revisions. Business lawyers, who understand the rules and regulations affecting an industry / product, are in a good position to assess the circumstances and advise accordingly. Furthermore, business lawyers could assist with contractual documentation, which are the basis of any business, ranging from operating agreements, partnership agreements, and distribution agreements and even obtaining required licensing and permits.
Do I need a lawyer to register a business?
A lawyer is not needed to register a business. However, a lawyer is recommended to assist with strategy, assessing industry rules and regulations, drafting contractual documentation between partners, associates, investors, vendors, distributors, and even obtaining required licensing and permits. Business lawyers, who understand the rules and regulations affecting an industry / product, are in a good position to assess the circumstances and advise accordingly.
Do I need a lawyer for an LLC?
Limited Liability Companies are one form of corporate entity. Therefore, a business attorney is recommended to assist with the strategy, planning, revision and execution. A business lawyer is recommended to assist with strategy, assessing industry rules and regulations controlling the activities of the LLC, drafting contractual documentation between partners, associates, investors, vendors, distributors, and even obtaining required licensing and permits.
Can you be personally liable in an LLC?
Like any other area of life, there is no straight answer as “Yes” or “No”. There are rules and there are also exceptions to the rules. The general principle is that Managers and Members of a Limited Liability Company are shielded from personal responsibility. However, there are scenarios where such protection is pierced and individuals can be held accountable for the LLC actions or inactions.