Commercial law is an extremely hard minefield to traverse and one which seems to be getting more confusing all the time. In many countries, the fine line between company law and personal law seems to be getting ever finer, and some individuals are finding that they even have to give up company assets to spouses in the case of a divorce.
Whilst we might not be in quite the same situation here in the UK, there are still many aspects of commercial law that individuals find themselves overlooking. From cases in which individuals walk out of their jobs only to sue the very same company for unfair dismissal to cases in which limited companies end up being used in the wrong manner, different rules apply to different people in different circumstances and as such the majority of businesses will need the help of a commercial law solicitor to help them understand exactly which legal rules apply to them.
Business law is constantly changing and developing just as businesses are, and as the demands placed on businesses change so will the laws governing them. Trying to keep up with such changes to legislation and even trying to understand the nuances that effect different businesses can end up being a full time job, and a very confusing and perilous one at that. One false move within such an arena can lead to huge fines or even far more serious legal issues arising.
As such, it is wise for businesses of all sizes to have a working relationship with a company law solicitor. Such individuals can help companies through all potential pitfalls right from the incorporation of a new company to ensuring major successful corporations are able to succeed within the parameters of applicable law, something which can get even more confusing as companies grow and start to deal with those in other countries.