What is the difference between a corporate lawyer and a business lawyer?

A lawyer responsible for considering the issues that affect the business, such as taxation, a variety of business-related transactions, and intellectual property to give an angle to his legal practice, is known as a business lawyer. On the other hand, businesses on a large scale are represented by a corporate lawyer. Corporate lawyers are also known as transactional lawyers. They are litigators, and they are the ones who defend corporations if it is being used in some way, and they bring against any entity if required.

Hiring an experienced corporate lawyer from a reputed law firm will help you a lot in your business, and he/she will give you the best advice according to the law in Singapore. Whereas, business lawyers in major law firms come with another set of specialties. They are responsible for writing a plan for businesses, doing thorough research for the name and logo for a copyright-free company, drafting partnership agreements with the legal terms and conditions, and providing start-up businesses with a fair idea of all legal summaries which are necessary.

Business lawyer vs. corporate lawyer

The primary difference between a corporate lawyer and a business lawyer is that corporate lawyers are responsible for coming up with guidelines for purchases and selling items. They are well-experienced with the bureaucratic procedure adopted by selling services in the international market. Whereas, business lawyers cover areas related to employment and taxes.

Corporate law in Singapore constitutes of identities belonging to the corporate world and how they are managed and formed. Employment and transactions are covered in business laws. These areas can affect businesses; they are impacted mainly due to these and have proven to be crucial assets to the company irrespective of how big the industry is. What comes under these entities are limited liability partnership, sole proprietorship, and mergers.

Another way to differentiate between a corporate lawyer and a business lawyer is by seeing that business is an activity that involves the selling and buying of goods. Corporate law is involved with the operations, activities, and validity of a corporation only.

Specialties of a corporate lawyer

• You need to hire a corporate lawyer from a reputed law firm, who is well aware of the law in Singapore who will give you the best advice about your business.
• If you have a business model that deals with contracts, especially with international identities, then a corporate lawyer will help to ensure that both the parties are compliant and the contract is legally valid.
• Corporate lawyers review investor rights, acquisitions, and issues involving corporate structure.

Specialties of a business lawyer

• Writing a business plan to represent potential investors.
• They research a brand name and logo, which is copyright free.
• They will help to create partnership agreements.
• Business lawyers will describe the confusing aspects of submitting necessary IRS forms and maneuvering taxes.
• They deal with federal entities filing complaints or investigating a business.
• Actions where your business is involved, directly or indirectly.

So, the legal aspects of sales and distribution of goods and services of corporate law, whereas acquisitions, mergers, and formation of companies and rights related to shareholders come under the business law. Suppose you want an experienced corporate lawyer to get advice related to your business or any other purpose. In that case, you can get in touch with Mr. Jonathan Wong from a reputed law firm — The Singapore Lawyer. He is well-experienced and holds a good reputation in the industry. He has a good knowledge of corporate laws, and he can give you the best advice related to your business according to the law in Singapore or can help you out with any query.