Experienced Surrey Business Lawyer
Serving Greater Vancouver and Surrey
If you are considering incorporating your business, there are a number of financial, personal and legal benefits to it. Once the incorporation is complete, it limits the liability of your shareholders and your business becomes its own legal entity. It adds a professional reputation and long-term stability to your business. As a matter of fact, incorporation can also make your company more investable.
The Internet and advanced technology have transformed almost every aspect of our lives and the legal industry is no different. This is why many will tell you that you don’t really need a lawyer to incorporate. Today, it’s easier than ever for people to tread the DIY route even for crucial steps such as company registration and incorporation. In fact, it’s what many start-ups do in order to keep their costs down. But is this advisable?
Company incorporation is a big step involving a number of technical intricacies. Overlooking some of these steps isn’t difficult and when you handle this aspect yourself, its likely things can go awry. Having a skilled and experienced lawyer in your corner is a good way to ensure you do things the right way. This is where we at Nirwan Law Corporation come into the picture.
We offer a wide range of legal services to current and prospective business owners, business professionals and small enterprises across various industries. Our legal experts have a very deep understanding of corporate law and vast experience in handling every aspect of incorporation of company.
Why Choose Us – Business Law Firm
Assist you through the entire Process
Assess your particular Needs
Guide you through each step
Draft and file all required documents
Transfer title successfully
The Importance of Hiring a Corporate Law Expert
We often work with companies that incorporated their businesses online and didn’t do everything quite right. This means, their corporation wasn’t set up in a manner that would allow them to scale and grow in the later years. Our team has helped such corporations fix things and get them back on track.
This process involved setting up, organising and redesigning things so that the directors and shareholders are able to access the options they want. While we are here to help you with this, it’s always advisable to contact us to set up your incorporated business from the get-go. This can save you a lot of time, troubles and money down the line.
We follow a very methodical consultation process and will help you every step of the way during your business registration. If you are considering company incorporation, all you have to do is connect with our corporate law team; they will:
Provide detailed information about the paperwork involved in the process
Help you with completing the forms
Review all the information filled in them
Check over all the documents
Process all the complicated agreements
Make suggestions and recommendations to help you start off on the right footing
Once the review is complete and has been approved, it can then be submitted to your provincial registry or Corporations Canada
Company Formation – Steps to Take
When incorporating, you’ve got to make crucial decisions regarding the following and need to ensure that every one of these choices works for your corporation:
Make sure you incorporate in the correct jurisdiction (federal or provincial)
Name the corporation (making sure that one else owns the rights to that particular name. This involves performing a standard trademark search).
Properly define your corporation’s activities.
Properly define the share description
Complete and organize the corporate minute book
Once you are incorporated, there are certain other obligations to fulfil such as territorial and provincial registration and a number of other requirements. Our lawyer will help you navigate all these waters with ease, ensuring every aspect of your company registration is in place.
When you incorporate, you make this choice in order to ensure that your assets and interests are well-protected and that you are on a solid and stable legal footing. Incorporating your business helps you create a separate business entity.
In addition, you enjoy the benefits of limited liabilities to help secure your company’s future & protect your personal assets. Regardless of the nature and scale of your business, you really wouldn’t want to take any kinds of risks with any of these things, would you?
Related Legal Assistance
Our company formation lawyers can also offer advice, suggestions, and assistance to help you raise capital from external lenders and investors. In addition, they will help with jurisdiction-related and tax-related legal issues. With the solid standing we have in this space, our firm has built very strong business ties with professionals such as accountants, bankers etc. If required, we can help you make proper connections with them too.
It is our mission to help clients transform their entrepreneurial visions into reality. For any more information about our incorporation of company and wide range of legal services, feel free to call Nirwan Law Corporation at +1.604.372.0253 or send us a message via this Contact Us form.
We are client focus and result driven, dedicated to your success.
Knowledge, skills & experience on your side.
Limited Liability occurs when a company is incorporated. A primary advantage to incorporating a business is the limited liability conferred upon its shareholders. The shareholders are not liable, in most cases, for the debts and other obligations of the corporation. A shareholder’s liability for the debts of the corporation is limited to the amount of funds the shareholder has invested in the corporation. Creditors only have rights against the corporation itself and not against the shareholders.
A corporation is a legal entity that has its own legal personality which is distinct from its owners (called shareholders) and the individuals who manage and run its affairs and business (called directors and officers). The creation of a corporation occurs following the proper filing of Articles of Incorporation (also called a Charter, Certificate of Incorporation or Letters Patent) with the relevant government department or authority.
Every corporation is comprised of shareholders, directors and officers. Shareholders, as the name implies, are the ones who hold (i.e., own) the shares in the corporation. By reason of the votes that are usually attached to the shares, the shareholders control the corporation. If there is only one shareholder, that person has absolute control of the corporation. If the corporation has numerous shareholders, control of the corporation depends on who has a majority of the voting shares. However, the shareholders do not directly manage the corporation. They exercise their influence by electing and removing directors and approving or disapproving major corporate decisions.
When purchasing a home you should contact a lawyer as soon as possible. Once a lawyer is involved, they can start working to protect the purchaser’s interests. “Buyer Beware” is still the law in BC. Be sure to check the home you are planning to buy very carefully. In other words, be sure to do your due diligence investigations. As your real estate lawyers, we will ensure property taxes are up-to-date and no claims are listed against the property.
Real estate layers oversee the process of buying or selling property to ensure the interest and right of clients are preserved. The purchase of a home is one of the biggest investment most of us will ever make. Real estate closing is a complicated legal process involving the execution of many legal documents which have significant financial implications. You want to protect your investment. A purchaser’s lawyer goes over the agreement of purchase and sale to make sure the buyer is protected. The lawyer checks title, or chain of ownership of the property, for any problems or liabilities such as liens. All mortgage loan documents and legal papers are verified for the purchaser. A seller’s lawyer will check the agreement of purchase and sale to protect the seller and address any title issues that arise, arrange for final payoffs for existing loans and prepare the necessary documents to transfer ownership of the property. As your real estate lawyers, we will examine all of the closing documents on your behalf to make sure your rights are protected.
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