Starting a new business?

Before registering your business, you should consider the different business structures available to you. There are four common ways to get started in your own business: Sole Proprietorship, Partnership, Corporation, and Franchise. Each structure has different and important implications for liability, taxation, and succession. Select what you are looking for. 

Incorporation

Incorporation gives life to a separate legal entity known as the corporation. A corporation has the same capacity as a natural person to carry on a business.

Incorporation comes along with a number of benefits including: 

  • Name protection

  • Limited Liability

  • Tax Advantages

  • Easier access to capital

  • Continuous existence

Our corporate lawyers will support you through the whole process. This includes conducting a name search, drafting the articles of incorporation, filing them with the relevant registry offices, developing by-laws, and meeting annual filings. Our corporate lawyers will provide your business peace of mind and the comfort of avoiding issues.

Incorporation

corporation.png

Partnership

Partnership 

A partnership is an agreement in which you and one or more people combine resources in a business with a view to making a profit. This means that each partner is responsible for, and must assume, the consequences of the actions of the other partner(s).

In order to protect yourself in the event of a disagreement or dissolution of a Partnership, a partnership agreement should be drawn up.

 

Our business lawyers specialize in understanding your business and creating an agreement that specifically address your needs.

incorporation.webp

Franchise

Franchise

A franchise is a license from owner of a trademark or trade name permitting another to sell a product or service under that name or mark in exchange of a fee. Whether you plan on acquiring a franchise or becoming a franchisor, it’s critically important that you consult with a lawyer.

 

Our business lawyers are well versed in drafting and reviewing non-disclosure agreements and franchise agreements. They will know exactly what to look for to ensure that you only agree to terms that will benefit you. 

franchise.png

Sole Proprietorship

Sole Proprietorship

A sole proprietor is said to be self-employed. This is the simplest and cheapest way to set up a business. However, as a sole proprietor, you assume all the risks of the business. 

 

You should always have a contract in place that defines the relationship between yourself and your clients.

We’ve got business lawyers that specialize in understanding your business and creating a contract that specifically addresses your needs and expectations.

Not sure which type of business structure will meet your needs?