What is Corporate Law?
Corporate law is a part of a broader companies law (or law of business associations). It is often considered to be a branch of civil law and deals with issues of both private law and public law.The most prominent kind of company, usually referred to as a “corporation”, is a “juristic person”, i.e. it has separate legal personality, and those who invest money into the business have limited liability for any losses the company makes, governed by corporate law.
The practice of corporate law involves general corporate matters, such as the incorporation of companies, directors’ and shareholders’ rights, articles of association, board meetings, secretarial matters and the public listing or delisting of companies. No two corporate transactions or deals are the same.
A corporation is a legal entity created under state law, usually for the purpose of conducting business. The law treats a corporation as a person that can sue or be sued. A corporation is separate from its individual owners, or shareholders, who own stock in the company.
The corporate law encompasses all of the legal issues that corporations can face. Corporations are subject to numerous regulations they must follow in order to enjoy the tax and other benefits corporations receive. Most states require corporations to conduct annual meetings with their shareholders and may require more frequent meetings of the board of directors and the corporation’s officers. Most corporations have an attorney present at all of these meetings to ensure that the corporation complies with all state and federal requirements.