WHO IS BETTER - A CHARTERED ACCOUNTANT OR A CORPORATE LAWYER?

The following article explains about the job details of a Chartered Accountant and a corporate lawyer. After going through the details below, you can decide if you wish to seek the help of a CA or a Corporate Lawyer in accordance with the demands of your business.

What does a Chartered Accountant do?

Chartered Accountants are qualified accountants who take on a broad and important role. They analyse and provide information about financial records, with areas including financial reporting, taxation, corporate finance, business recovery or insolvency. They are often responsible for the auditing of the accounts, providing financial advice which could help the client with saving money or to increase his profit. The details of the role of a chartered accountant vary depending on the area of focus and the sector they work in, however generally their job includes -

· Managing the budgets

· Financial auditing

· Providing the financial advice

· Liaising with their clients

· Analysing the risk for their clients

· Advising on the tax planning

· Maintaining the accounting records and preparing the information of the accounts

· Counselling clients in the area of financial improvement.

· Preparing the financial statements and monthly and annual accounts

What does a Corporate Lawyer do?

Corporate lawyers are experts in the field of commercial law. They are tasked with the company’s transactions in relation to the corporate laws and the regulations. A corporate lawyer may work at a law firm or as part of a company’s legal team. The duties of a corporate lawyer may involve preparing documents, assessing partnerships or negotiating deals.

They basically have to ensure that the company’s transactions comply with the laws and regulations as provided by the centre and the states. A Corporate Lawyers In Delhi may also consult and advise the company with the mergers, compliance issues, transactions, partnerships as well as lawsuits. The responsibilities of a Corporate Lawyer could be summed up as-

· To prepare the appropriate legal documents for the trial or proceedings of the court

· To evaluate a new business partnership with a vendor or subcontractor

· To represent the company in the legal proceedings

· To design and oversee the policies of the company and its position on legal matters.

· To protect the company against various legal risks and violations

· To examine the legal issues related to new products and services

· To negotiate on behalf of the company in various deals and contracts.

· To guide the management, regulatory or compliance issues so as to ensure compliance with various legal regulations.

Comparison between a CA and a Corporate Lawyer-

Both have their own pros and cons. Say for example, a CA cannot represent his client in the courts, while a Cheque Bounce Lawyers In Delhi, for example, can represent his client in case his cheque is bounced and the reply to the legal notice sent by him was not satisfactory.

A CA may have great knowledge in the field of taxation, the lawyers represent their client in the event of a tax dispute. Say for example, a Gst Lawyers In Delhi, not only advises his clients with the taxation, but can also represent his client in case his client has been charged with not complying with the tax laws.

Conclusion-

It depends upon your personal interest, as to whom you would prefer. A lawyer could in addition to advising you regarding the various sectors related to your business, could also represent you in the event a case has been filed against you or could represent you in various negotiations as well as in the proceedings of the court. On the other hand, a Chartered Accountant could provide you with the services related to accounting, auditing, company formation, financial consulting, etc.

Lead India offers you a wide pool of experienced advocates, who have years long experience in dealing with various issues related to the various corporate issues, for any legal opinion in relation to your case, you can contact us. 

SOURCE

Visit Us: - https://www.leadindia.law

Call Us: - +91-8800788535

Email: care@leadindia.law

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Corporate Lawyers In Delhi, Gst Lawyers In Delhi, Cheque Bounce Lawyers In Delhi

Location: Vikas Marg, Delhi, India

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