Incorporation Lawyer & Business Startup in Toronto
Cost-Effective Solutions for Individual & Small Business Success!
Serving the Greater Toronto Area
and the rest of Ontario
Incorporation Lawyer in Toronto
Are you looking to startup and incorporate your business in Ontario? Our dedicated incorporation lawyer provides comprehensive legal services tailored to your needs. Insight Law Professional Corporation is dedicated to helping entrepreneurs and start-up companies launch their new ventures. Our business team offers advice on crafting optimal company structures, mitigating legal and financial risks, and capitalizing on available financial incentives. With our guidance, you can lay a strong foundation for your business and set it towards long-term success.
We are conveniently located in midtown Toronto, minutes from the Eglinton-Yonge station. Call us at 647-300-8391 or click the button above to book a FREE consultation.
Demet Altunbulakli – Toronto Small Business Lawyer
Toronto Incorporation Lawyer
Whether you are starting a sole proprietorship business or restructuring an existing business, we can assist you in customizing a plan that addresses your requirements while avoiding undue complexity. A small business lawyer in Toronto can guide you through the legal requirements of incorporating a business and ensure the process is legally sound.
Some of our incorporation services are:
- Articles & Certificate of Incorporation
- Digital Minute Book
- Director & Shareholder Resolutions
- Share Subscription & Share Certificates
- Registers & Ledgers
- Corporate By-Laws
- Form 1 & Form 2 Initial Returns
- Corporate Name Searches
- Business Number/Tax Accounts
If you need assistance from a Toronto Corporate Lawyer, contact us today and see how we can help you.
Toronto Incorporation Lawyer
Business Law Firm Toronto
What is the Right Structure for my Business?
Defining the structure of a new business is crucial at the start. Decisions made at the earlier stages of a new business might have significant importance and impact on the business in the future.
When starting a business, there are a few options to consider:
Sole Proprietorship
Operating as a sole proprietor is an option for those who wish to start by themselves. To operate under a sole proprietorship, you’ll need to register a business name and obtain a business number and an HST number if required. It is the most cost-effective and straightforward structure you might choose. On the other hand, as a sole proprietor, you should assume personal responsibility for business debts and liabilities. You will also be paying income tax on your earnings at your personal marginal, which can result in higher potential liability and tax burden.
General Partnership
You can opt for a general partnership when starting a business with others. As a partner, you’ll typically share personal responsibility for any debts and liabilities of the partnership, regardless of whether you incurred them. You will also be personally liable if your partner takes out a loan.
Incorporation
Incorporation is another option you might want to consider while starting a new business, regardless of whether you’re starting a business alone or with others. A corporation is a distinct legal entity (a legal person) that possesses all the rights and privileges of a natural person, such as owning property, borrowing money and entering into binding contracts. A corporation has directors and shareholders and legal responsibilities to maintain incorporation documents filed and up to date.
In addition, incorporating your business can have certain advantages, such as limited liability protection, tax benefits, and credibility. A corporation does not necessarily end with the death of its owner, as in a sole proprietorship. However, if you wish your business to exist, you might have to do some planning with your family or employees or even create a will. If there is more than one shareholder in your corporation, you might want to consider having a shareholder’s agreement to plan for the transition.
Should Incorporate Provincially or Federally?
You have decided on your business structure and want to incorporate it. In Canada, incorporations are regulated both provincially and federally. At the federal level, companies are incorporated through Corporations Canada. At the provincial level, each province has its incorporation services. In Ontario, this is done through the Ontario Business Registry.
Whether you should incorporate provincially or federally depends on several factors, such as the scope of business operations, costs associated with incorporating a business and tax advantages.
If you incorporate your business provincially, you can conduct business only in that province, whereas a federal incorporation will allow you to do so across Canada. The same thing applies to your business name protection. If you incorporate provincially, your business name will be protected on a provincial level; however, a federal incorporation might protect it nationwide. If you have other concerns about your brand, you might also want to consider a trademark.
As mentioned above, finding the business structure tailored to your needs requires a detailed planning process. It involves evaluating the benefits of different business structures and determining which offers the most benefits and advantages that align with your business goals, needs and future projections.
If you need guidance from a Toronto corporate lawyer, contact us and see how our firm can help!
Toronto Corporate & Commercial Lawyer
Corporate Minute Book
Corporate Minute Book
Business Lawyer Price List
Startup & Formation
Federal Incorporation
$795 + HST + Disbursements
Ontario Incorporation
$795 + HST + Disbursements
Professional Corporation
$795 + HST + Disbursements
Incorporation Packages Include
- Simple Share Structure
- Meeting with Client
- Corporate Name Searches
- Business Registry
- Articles & Certificate of Incorporation
- Minute Book
Organization
Articles of Amendment (Business Name)
$395 + HST + Disbursements
$895 + HST + Disbursements
Business Name Registration
$300 + HST + Disbursements
Articles of Amalgamation
$1,500 + HST + Disbursements
$2,250 + HST + Disbursements
Application for Certificate of Authorization
$245 + HST + Disbursements
New Corporation Minute Book Creation
$550 + HST + Disbursements
Operations & Management
Federal Incorporation
$795 + HST + Disbursements
Ontario Incorporation
$795 + HST + Disbursements
Professional Corporation
$795 + HST + Disbursements
Incorporation Packages Include
- Simple Share Structure
- Meeting with Client
- Corporate Name Searches
- Business Registry
- Articles & Certificate of Incorporation
- Minute Book
Franchising
Franchise Documentation Review
Review of a franchise agreement and disclosure document. Contact us for pricing.
Franchise System Establishment (Incubation)
Franchise incubation involves taking clients with an ‘idea’ to the point where they are prepared to start the formal legal documentation process. Contact us for pricing.
Franchise System Establishment (Incubation & Documentation)
Franchise documentation where we provide the incubation and preparation of the Franchise Code Compliant franchise agreement and disclosure document and any other requested documents such as operations manual and development of franchise marketing & recruitment policy. Contact us for a detailed quote for your circumstances. Contact us for pricing.
Financing
General Security Agreement Registration
$950 + HST + Disbursements
General Security Agreement Drafting
$2,000 – $4,000 + HST + Disbursements
Business Exit
Articles of Dissolution
$1,250 + HST + Disbursements
Starting at $2,150 + HST + Disbursements
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Business Law Frequently Asked Questions
+ What Is a Corporation?
+ What Is the Difference Between Shareholder and A Director?
+ Do I Need a Lawyer to Incorporate My Business?
+ Why Is It A Good Idea To Get Contracts In Writing?
+ What Are the Elements That Each Contract Should Include?
+ Do I Need a Lawyer to Get My Contract Drafted or Reviewed?
+ What Is the Difference Between Asset Purchase and Share Purchase?
+ Do I Need a Lawyer for Commercial Financing?
+ What is a Personal Guarantee on a Business Loan or Commercial Lease?
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Incorporation Lawyer Near You
We conveniently serve the following nearby locations
Brampton | Burlington | Etobicoke | North York | Markham | Mississauga | Oakville | Richmond Hill | Scarborough | Toronto | Vaughan