Durham Business Law Lawyers

Finding The Right Business Structure

Most business owners, after a period of growth, will choose to incorporate. Incorporation comes with certain advantages, such as tax benefits and shielding the owner from personal liability. However, it also comes with certain drawbacks that a lawyer can discuss in more detail. At Polak McKay & Hawkshaw, we advise you on whether incorporation is the right legal structure for your business.

Our business lawyers in Ajax provide the kind of individualized service clients deserve, including advice specific to their needs. Each business has a unique story of growth and development, and although it may be the right time to incorporate, legal and financial factors might lead an owner in a different direction. Our counsel can advise on the process of forming a corporation in Ontario, and federally if appropriate, and proceed to create the legal structure.

Legal Advice For Incorporation

Savvy business owners will seek legal guidance before proceeding to incorporate so they have a complete understanding of the effect incorporation will have on the business. In addition to financial effects and impacts on liability, incorporation will result in strict record-keeping and reporting requirements.

We will answer your questions about all aspects of legal structure and incorporation, including how the business can issue shares and how dividends are paid, and we draft shareholder agreements. If you choose another legal structure, such as a partnership, we similarly execute the legal tools necessary to make that structure a reality.

Contact Us

To learn more about business incorporation, make an appointment to consult with one of our corporate/commercial lawyers. Please call us at 289-460-1506 or 800-787-1801 toll free or contact us online.