Establishing a business involves many different choices that can affect your future success. We can help identify the pitfalls and make sure your business gets off on the right foot!
Incorporation (Federal and Provincial)
Incorporating a company in Canada (for US based companies - what are the residency requirements?)
Reserving a Business Name
Sale of a Business (Sale of Shares or Sale of Assets - Which one should you look at?)
Setting up a Holding Company
Establishing a Trust
Restructuring a Business
Joint Ventures
Partnerships
Sole Proprietorships
Business Corporations
A business corporation can provide some protection from personal liability arising out of business operations. Corporations can also isolate business assets in a holding corporation, also providing some protection from liability for those assets.
The liability protection afforded by a corporation can disappear if the records of the corporation are not kept up to date. In some cases where corporate records are out of date, or not maintained properly, courts have found that a corporation is merely a shell and will “pierce the corporate veil” to allow creditors to get at personal assets of shareholders, and assets held in other corporations.
By ensuring your corporate records are up to date, we help you maintain the protection afforded by the corporate structure as a separate legal entity.
Contact us for a consultation on your business to find out if you can use the protection afforded by a corporation.