It is imperative for every company to have a lawyer. However, before looking for a company lawyer, certain steps have to be taken, and factors have to be considered to ensure that the company gets the very best services from a professional. Here are some tips to hiring a company lawyer.
Are You Being Sued?
Most businesses and companies are usually not keen on hiring a company lawyer up until they run into some trouble. If yours is the kind of company that waits until they are being sued, understand that that is a terrible mistake to make. Once you have been sued, it is too late. The only thing left is for you to see how much you have to pay to solve this problem. Always have a company lawyer even before you run into some trouble.
How Big Is The Law Firm?
In general, the larger the firm, the more the overheads. This translates into so much regarding the hourly rates that you are expected to pay. Big law firms are much more expensive, but they are very advantageous because they have all the skills that you could need in a company lawyer. It is wise therefore to consider hiring a company lawyer from a big law firm. Furthermore, letters from big law firms are usually much more intimidating to anyone than a letter from a smaller firm or even a solo practitioner. As a business, this also comes with lots of benefits because you get the ability to use them as references when you are in search of partnerships.
The Type Of Attorney
It is crucial to consider the type of attorney that you are hiring. You will find that lawyers also have specializations the same way doctors do. If you get a lawyer who does wills, this is obviously not good for your business. Make sure that the person that you are about to hire has knowledge of business and knows how to protect and represent your company. It is also worth noting that even if you do not get a lawyer who has specialized in what you are looking for, the higher the number of skills in the lawyer, the better it is for your company
Before you hire company lawyer, check their profiles. Understand the experiences that they have. See if they have any other clients in the same field as you to know if they are fit to represent your company.…
Company law brings about various responsibilities that need to be carried out. These duties vary depending on the organization of the company. The type of company also dictates certain roles. Here are the roles of a company secretary.
From time to time, the company conducts meeting involving shareholders as well as board meetings. The person responsible for organizing these meetings is the company secretary. The company secretary has to comply with this duty along with taking minutes and making filings. The company secretary has to also make sure that the company records are always up to date.
Whether the company is big or small, corporate governance becomes very important to it. This however becomes more and more complex with the increasing number of shareholders and the increasing size of the company. The company secretary is the person who holds the biggest responsibility in advising the board of directors on corporate governance and the respective roles of the directors.
The Company Register
The company secretary is responsible for maintaining the statutory registers of the company. Every single company keeps different statutory registers. These are, registers of members, registers of the directors, allotments, secretaries, the minutes of all the meetings the company holds.
Management of Records
Other than statutory registers, the law requires companies to keep other records. Even if the company is not required by law to manage certain records, it is always better to keep them and even if there is someone who does this, this responsibility always falls on the company secretary. Some examples of these records are tax records as well as records on insurance and pension.
Updating Company House Records
The law requires every single company in a country to make filings with Companies House. It is a very big offense for a company to be found not to have done so. Filings are made annually as well as when certain events occur. It is the responsibility of a company secretary to make these filings.
Maintenance of the Registered Office
The law requires every company to have a registered office. This office is a real address that is in the country in which the company is. The company office however does not have to be the actual place that the company conducts business. This address however is where all of the company mail will be sent to. The company secretary is responsible for maintaining the registered office of the company.