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Corporate law: An Overview! by Azeem Ashraf
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Corporate law: An Overview! |
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Law
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Corporate law is mainly related to the operations and formations of different companies, business organizations, corporate houses and other commercial practices. It includes the law that the company that is running has a separate legal identity, which means the company is a separate legal unit from its owners, say one of the shareholder dies, the company would not close but would be keep on running. The company contains its own legal rights and legal liabilities, has the benefit of unlimited liability, which means if the company fails to pay its debt so the creditors could not force the owners of the company to sell their personal possessions in order to pay them. Owner’s liability is limited to the amount they have invested in buying the shares. Corporate law is one of the good career options, as the lawyer you are specialized in this field can help out corporate houses with their legal processes and corporate dispute resolutions. Moreover they help them in knowing their legal liabilities and asserting their legal rights. If you wish to specialize in corporate law then there are loads of employment opportunities which you can focus on and can consider such as joining corporate law firm. But before joining any firm it is very important to make sure about its level of expertise, location, and size and market reputation. Another option which you can go with is to commence independent legal practice. This is beneficial as small firm owners prefer to hire an independent corporate lawyer rather than a big corporate law firms, as they are expensive.
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Corporate Law, commercial law, Contract law, Franchise Law,
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