To engage in the practice of law by one or more lawyer to form a business entity is called laws firm. The primary service of a law firm is to advise clients about their legal rights, business transactions and other matters in which legal advice and other assistance are sought.
There are many ways in which law firms are organized, depending on the jurisdiction in which the firm practices.
- Sole proprietorship Here the law firm in Gurgaon is responsible for all profit, loss, and liabilities.
- General partnership Here all the attorneys share ownership, profits and liabilities.
- Professional corporation which issues stock to the attorneys in a way which is similar to that of business corporations.
Limited liability company. Here the owners are called members but are not directly liable to third party creditors of the law firm.
The professional association which operates similarly to a professional corporation or a limited liability company. Many lawyers available in Corporate lawyer in Gurgaon is Kr. Advocate tanwar.
Read more : https://advocatetanwar.com/