How a Legal Advisor in Thailand Can Help You Safeguard Your Business

When we talk about business and investment, it is very pivotal to consider having a legal advisor. Through their expertise, you may be educated about expert opinion regarding the nature or application of the law with respect to a certain set of facts. Giving legal advice frequently entails examining a collection of facts and directing a client to pursue a certain course of action in light of the relevant legal standards.

Having a legal advisor aids in bridging that gap, safeguarding you from errors, and assisting in the resolution of any problems that might develop. You may make educated judgments on tax, employment, investments, business structure, commercial leases, contracts, shareholder agreements, and other issues with the support of a good legal advisor.

Why Should You Have a Legal Advisor in Thailand?

Generally, a legal advisor in Thailand can help you simplify the complex legal landscape and protect your business and investments from potential risks and legal issues. It is highly recommended to see and consult with a reputable legal advisor with experience in Thai laws and regulations to ensure that you are getting the best lawful advice and support. They can truly provide valuable assistance in safeguarding your business and investments in several ways:

Company Formation and Compliance

A legal advisor can assist you in setting up your company in Thailand and ensuring compliance with local laws and regulations. They can help you choose the appropriate business structure, obtain necessary permits and licenses, and ensure that your company is complying with tax and labor laws.

Contracts and Agreements

A legal advisor can draft, review, and negotiate contracts and agreements on your behalf. This may include commercial contracts, employment contracts, and agreements related to intellectual property rights, joint ventures, and other business relationships.

Intellectual Property Protection

A legal advisor can help you protect your intellectual property rights in Thailand. They can definitely assist you in registering your trademarks, copyrights, and patents with the relevant government agencies and in taking legal action against those who infringe on your rights.

Dispute Resolution

In the event of a dispute, there is no need for you to worry that much since a legal advisor can represent you in negotiations, mediation, arbitration, or litigation proceedings. They can provide guidance on Thai laws and regulations and help you achieve the best possible outcome.

Due Diligence

A legal advisor is unquestionably necessary if you’re thinking about investing in or buying a business in Thailand since they can perform due diligence to make sure the deal is sound and compatible with the law. For the purpose of identifying potential risks and obligations, they can examine contracts, financial records, and other pertinent papers.

Facts about Legal Advisors

Legal advisors are experts who offer individuals, companies, and organizations legal counsel and direction on a range of legal issues. They may also be referred to as lawyers, legal advisors, or consultants. Legal counsel is provided by experts with legal training and licenses who specialize in a certain field of law, such as corporate, intellectual property, employment, or litigation. They might also practice law as generalists, offering a wide range of legal services to customers across different industries. One normally needs a law degree and to pass the bar exam before practicing the enforcement of the law in the country in order to become a legal advisor.

A legal advisor may work for businesses, governments, law firms, or independently as a consultant in whichever setting they choose. Their responsibilities typically include:

  1. Providing legal counsel and direction on a range of legal issues, such as contracts, transactions, disputes, and regulatory compliance.
  2. Preparing, examining, and negotiating legal agreements, contracts, and other papers.
  3. Administer legal research to keep abreast of alterations to the laws and regulations that might have an impact on their clients.
  4. Representing clients in litigation, arbitration, and mediation proceedings.
  5. Providing clients with guidance on risk management and dispute resolution tactics.

Legal Advisor vs. Lawyer

Although the terms “legal advisor” and “lawyer” are frequently used interchangeably, they have some differences.

A trained legal specialist known as a legal advisor provides guidance and counsel on a variety of legal matters to individuals, businesses, and organizations. They might work as independent consultants or for corporations, governmental bodies, or legal firms. Legal counsel may specialize in a particular field of law or provide a wide range of legal services.

On the other hand, a qualified legal professional who can represent clients and practice law is a lawyer. Lawyers can specifically work alone, for law firms, or for the government. They could provide a broad range of legal services or just concentrate on one area of the law, including criminal law, family law, or business law.

A lawyer can provide a larger range of legal services, including defending clients in court, and is qualified to represent clients in legal proceedings. A legal counselor primarily provides legal advice and direction, which is the key distinction between a legal advisor and a lawyer.

Technically, the difference between the two terms is that a legal advisor is a type of legal professional who provides legal advice and guidance, while a lawyer is specifically a licensed legal professional who can represent clients in legal proceedings and provide a broader range of legal services.

Different Legal Professionals

Legal advisors who offer legal counsel and advice to businesses and organizations typically have a variety of employment titles. These job titles apply to legal experts who give organizations and enterprises legal advice and direction. Depending on the job title and the company, precise duties and areas of competence may change.

Legal Advisor

From its name, this refers to a legal professional who provides legal advice and guidance to individuals, businesses, and organizations on various legal matters. They may specialize in a certain area of law or provide a broad range of legal services.

Assistant Legal Advisor

This pertains to an assistant legal advisor who is a legal professional working under the supervision of a legal advisor. They assist with legal research, drafting legal documents, and providing legal advice and guidance.

Company Legal Advisor

This refers to a company legal advisor, a legal professional who provides legal advice and guidance to a specific company or corporation. They may work in-house or for an external law firm.

Corporate Legal Advisor

A corporate legal advisor is a legal professional who specializes in corporate law. They provide legal advice and guidance on matters such as regulatory compliance, corporate governance, as well as mergers and acquisitions,

Find A Legal Advisor

In order to ensure that you are receiving the finest counsel and support possible and not wasting time and money, it is very much crucial to select a trustworthy legal advisor with experience in your particular legal needs. You may seek help by asking for referrals, consultations, through social media, and recommendations. You might take the following actions to locate legal counsel:

  1. Basically, you must first determine your legal needs. You have to contemplate and must decide what kind of legal counsel or direction you require, such as that related to intellectual property law, company law, or employment law.
  2. Afterwards, you should investigate any potential legal counsel. You might search for attorneys who focus on the area of law that you require assistance with. To get legal counsel in your area, try using online directories, search engines, or trade groups.
  3. After that, once you’ve found some potential lawyers, you have to check their credentials to make sure they’re qualified to handle your legal needs and are admitted to practice. Make sure that they are trustworthy, reliable, reputable, and have good records.
  4. Next to that, contact the legal advisor and set up a meeting to deliberate your legal requirements and see whether they are a good fit for your business or organization. 
  5. Review the legal counsel after the consultation. Evaluate the attorney’s knowledge, responsiveness, and communication skills. Choose a reliable lawyer that you feel comfortable working with and who has the qualifications necessary to handle your legal needs. It is essential to work with legal advisors you are comfortable with to discuss matters about your business or any other concerns.

Final Thoughts!

Every penny you invest carries a risk, but you expect it to be repaid in returns. As a result, you must ensure that as you are making appropriate investments in your company, you should also have business protection. It is crucial to have a legal counsel available for discussions in order to avoid pitfalls and legal issues.

You may reduce legal risks, maintain regulatory compliance, and safeguard your interests by working with a legal advisor on your business and financial decisions. Working with a trustworthy, knowledgeable attorney who is skilled in your particular legal issues is essential. It can be advantageous to get legal counsel for your business and investments.

You can get assistance with any legal issues by visiting Sorasak Law where you will be connected with a knowledgeable lawyer with expertise in Thailand who offers a wide range of legal services to both Thai business owners and foreign clients.