Business Purchase & Sale Lawyer​ in Toronto

Cost-Effective Solutions for Individual & Small Business Success!

Serving the Greater Toronto Area
and the rest of Ontario

Toronto Business Purchase & Sale Lawyer

Are you looking to purchase or sell a business in Ontario? Our business purchase & sale lawyer can guide you through the complexities of such transaction, while helping you protect your interests, and facilitating a successful deal that align with your objectives. Purchasing or selling a business is a significant decision that involves intricate legal, financial, and operational considerations. Let our business purchase & sale Lawyer guide you through the complexities of these deals, providing legal guidance, representation, and support at every step.

We are conveniently located in midtown Toronto, minutes from the Eglinton-Yonge station. Call us 647-300-8391 or click button above to book a FREE consultation.

Toronto Contract Lawyer
Toronto Business Purchase & Sale Lawyer​​

Purchasing a Business

Purchasing a business in Toronto is a significant endeavor that requires careful consideration of legal, financial, and operational aspects. Whether you are a first-time buyer or an experienced entrepreneur, the involvement of a skilled Toronto lawyer can significantly reduce your risks and provide invaluable guidance throughout the entire process.

Determining the Value: Business Valuation

Once you’ve chosen the business you wish to acquire, the next step is determining its value. Proper business valuation will ensure you pay a fair price. Our Toronto lawyer can collaborate with business valuation professionals or accountants to assess the worth of the business. We help you consider various factors, such as affordability, inventory, hidden fees, and other essential aspects.

Drafting and Reviewing Agreements:

From the Letter of Intent (LOI) to the Purchase Agreement, our lawyers ensure that all legal documents are drafted and reviewed, safeguarding your rights and interests throughout the transaction.

Financing Options: Assistance from a Toronto Lawyer

Financing the purchase is a significant aspect of buying a business. While some buyers may have sufficient funds to pay upfront, others may require lender financing or vendor financing. Our Toronto lawyer can guide you and assist you with secured transactions.

Handling Disputes:

Should any disputes arise during the acquisition process, we offer dispute resolution services to protect your interests and help facilitate a smooth transaction.

Negotiation and Documentation:

We will be working to secure favorable terms and conditions. We can draft and review all necessary legal agreements to protect your interests.

Regulatory Compliance:

We ensure that your acquisition complies with the applicable laws and regulations, providing peace of mind during the transaction.

Closing the Deal:

Our team works diligently to facilitate a smooth closing, ensuring legal requirements are met for the successful transfer of ownership.

Contact us today to schedule a consultation and take the first step toward a business acquisition.

Selling a Business

The decision to sell your business is decisive after dedicating valuable time, resources, and effort to developing, growing, and evolving your venture, . Undertaking such a significant transaction can be daunting, but with the right approach and professional support, it can also be a rewarding and transformative experience.

Unlocking the Potential of Your Business Sale

We understand the immense value you have poured into your business, and we can help unlock its potential during the sale process.

The Power of Advance Planning and Legal Consultation

A well-thought-out strategy can help you secure a fair price for your business while mitigating potential risks and challenges.

Maximizing the Value of Your Business

Our Business Lawyers work collaboratively with you to assess the value of your business accurately. By conducting meticulous business valuations, we can work with valuation professionals or accountants that your selling price is fair, competitive, and reflective of the true potential of your enterprise.

Strategic Deal Structuring

Crafting a winning deal structure is crucial to ensure your interests are protected throughout the sale process. Our Toronto lawyers collaborate closely with accountants to explore the best option for your circumstances. We help you understand the implications of each choice and ensure your decision aligns with your business goals.

Navigating Regulatory Compliance
The sale of a business involves navigating legal and regulatory requirements. We ensure that your acquisition complies with the applicable laws and regulations, providing peace of mind during the transaction.

Closing the Deal:
Our team works diligently to facilitate a smooth closing, ensuring legal requirements are met for the successful transfer of ownership.

 

Contact us today to schedule a consultation and take the first step towards selling your business.

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Business Law Frequently Asked Questions

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A corporation is a legal entity which has its own legal personality that is separate from its owners and people who operate its affairs and business. Corporations are formed of shareholders, directors, and officers. Corporations have the rights and privileges that a natural person enjoys such as entering binding contracts, owning property or borrowing money. Related Blog Post: What is the right structure for my business?

Shareholders are those who hold company shares. Voting rights in a corporation are attached to these shares. Shareholders have control over the corporation however they do not directly manage the corporation. They exercise their power of control by making major corporate decisions. Shareholders elect directors to run the company with their best interest in mind. A director’s role is focused on the day-to-day operation of the business such as signing business contracts.

If you already started searching for the answer to this question on the internet, you might have seen information on the 2-step process of incorporating and many online platforms that would incorporate your business for very low fees. However, most online companies or platforms usually help you with step 1 of incorporating your business. While the first step only includes Articles of Incorporation and their filing and issuance with the Ministry, step 2 is only done by lawyers. Without step 2, your business is not considered incorporated and risks dissolution. Contact us if you need more info and a Toronto Business Lawyer.

Having a contract in writing gives each party the opportunity to fully understand their rights and obligations under the contract. As a party to the contract, you can also identify any issues or ambiguities in the contract with assistance from a business lawyer. In most cases, it provides a mutual understanding and interpretation of the terms of a legally binding relationship.

For an agreement or contract to be legally binding, there are certain essential elements that must be present in all contracts. These are capacity, offer, acceptance, consideration, mutual agreement, and legality.

Even though it is not mandatory, it has many advantages in understanding your rights and obligations outlined in a legally binding contract. Many people use online sources to draft and generate business agreements without fully understanding the terms and conditions. Most of these contracts include generic clauses and boilerplate clauses that might risk your business massive liability if you are not familiar with the legalese. A Toronto Business Lawyer can help you fully understand your rights and obligations under a contract or draft one that suits your business needs.

There are two main ways of buying or selling a business: an asset purchase or a share purchase. The key difference between the two is what is being bought and sold. In an asset purchase, the buyer purchases specific assets or parts of the business, such as inventory, equipment, customer lists, and goodwill. In a share purchase, the buyer purchases the ownership interest in the business.

Before signing loan documentation, many major financial institutions and lenders will typically demand that you seek independent legal advice. The loan will typically necessitate several General Security Agreements (GSA), personal guarantees, and Personal Property and Security Act (PPSA) registrations against your personal or business assets.

Most small business loan lenders require a personal guarantee to be signed by the borrower. A personal guarantee is an undertaking by a borrower to repay a business loan using their personal assets if the business defaults. A personal guarantee is also required in certain commercial lease transactions by landlords, which means this could imply that the individual's personal assets could be taken over if the business fails to generate sufficient revenue to cover the lease payment.

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