Corporate Law
Subject to a few formalities, operating your business as a separate legal entity using a corporate structure may give you certain advantages such as:
Limited Liability: A shareholder's liability is limited to the shareholder's investment in the corporation. Creditors may have rights against the corporation but not against the shareholders unless the shareholders provide a personal guarantee. In contrast, a sole proprietor or a partner could potentially lose personal assets beyond those invested in the business.
Perpetual Existence: A corporation is not dependent upon the life of its shareholders, directors and officers and is not affected by deaths or other changes of its members since the corporation is considered a separate legal person.
Capital Management: A corporation may offer greater potential sources of capital than other business forms. Corporations can issue various classes of shares and debt instruments such as bonds to raise capital from investors. A corporation can also attract and motivate employees and management by allowing for partial ownership of the corporation.
Lower Tax Rates: Income tax rates for a business corporation are generally lower than personal rates. A corporate vehicle may also provide a means of controlling the tax amounts by carrying forward losses of previous years or using some other versatile devices such as dividend declaration, estate freeze.
While incorporation may provide a business with credibility and prestige in its business dealings in addition to the above advantages, consideration must be had to legal requirements and involved costs and obligations.
From the creation of your business to its day-to-day management, our firm is able to provide you with timely, accurate and professional assistance to meet all of your corporate and commercial legal needs.
- Incorporation
- Corporate organization and re-organization
- Shareholders' agreements
- Financing and asset security arrangements
- Asset and share transfer
Other Corporations
Other than the business corporations, we provide incorporation services for the following types of corporations:
- Not-for-profit corporations
- Co-operative corporations