Business Law

You are ready to start a new business but you have questions. How do I incorporate? What kind of shares should I have? What kind of shares should other shareholders? How do I set up my articles of incorporation? Do I have dividend rights? Do the other shareholders too many voting rights? What are the legal requirements for my corporate records book? What should I address in a shareholders agreement? KSG Law has worked with clients establishing all types of business, large and small, and has extensive experience to help you work through each of these and other questions you may have.

Your business’ success is recognized by others who want you to sell it and you are ready. Do I sell assets? Do I sell shares? Am I still responsible for my personal guarantee? Do I have to pay severance to my employees? Do I have to file additional tax returns? Do I have to charge and collect GST and/or PST to the buyer? These are just some of the numerous questions that can arise during this complex transaction. KSG Law has guided clients selling all types of businesses from the process of drafting the letter of intent to the contract and dealing with pre-closing matters and conditions all the way to the completion of the transaction.

You are ready to expand your business or enter into a new sector by buying a business but you have concerns. Will I be held responsible for the seller’s liabilities, debts or taxes? Do I buy shares? Do I buy assets? What kind of non-competition or non-solicitation restrictions should I impose on the seller? What due diligence do I need to perform? How do I check for the various types of liens? What kind of representations and warranties should I include in the purchase contract? KSG Law has assisted clients with purchasing businesses in a variety of sectors and can assist you from the beginning states to completion while advising on and minimizing your exposure to risks.

Businesses have many moving parts and, as a result, your needs for legal advice can be on a variety of matters. Does the lease adequately protect me? How do I terminate an employee? How do I do a corporate reorganization? How can I bring in a new shareholder? What are all these loan security documents the bank is requiring me to sign? Do I need to set up a joint venture or a partnership? Can I turn my sole proprietorship into a corporation? What do I need to consider for succession planning? KSG Law has years of experience assisting clients like yourself with a variety of corporate and commercial matters.