Toronto Corporate Reorganization Lawyer
Are you looking to reorganize your business in Ontario? Corporate restructuring refers to a situation where the organization of a business is in the process of changing. There may be varied reasons for considering reorganizing your corporation. Our corporation lawyer specializes in providing comprehensive legal services tailored to meet your needs. Our business team offers advice on reorganizing company structures, mitigating legal and financial risks, and capitalizing on available financial incentives.
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.
There can be varied reasons for wanting to reorganize your corporation. These can range from dept restructuring, change in business management or ownership, family control from parents to children, company identify/name change, change in directors, officers, or shareholders, etc.
Some of our corporation reorganization services are:
- Articles of Amendment
- Articles of Amalgamation
- Articles of Dissolution
- Shareholders Agreements
- Minute Book Recreation
If you need assistance from a Toronto Corporate Lawyer, contact us today and see how we can help you.
Articles of Amendment
Articles of Amendment refer to a formal legal document that a corporation files with the appropriate government authority to make changes or amendments to its original articles of incorporation or charter. The articles of incorporation are the foundational documents that establish the corporation and outline essential information, such as the company’s name, purpose, registered office address, authorized capital, and initial directors.
Articles of Amalgamation
Articles of Amalgamation refer to a legal document filed by two or more corporations when they decide to combine their businesses and assets to form a single entity. This process is known as amalgamation or merger, and the resulting entity is often referred to as the “amalgamated corporation.” The Articles of Amalgamation represent an important step in the corporate reorganization process and are typically filed with the appropriate government authority responsible for corporate registrations.
As with any significant corporate reorganization, seeking the advice and assistance of experienced Corporate Reorganization Lawyers or business attorneys is essential to ensure that the amalgamation process complies with all legal requirements and protects the interests of the involved parties.
Articles of Dissolution
Articles of Dissolution refer to a legal document that a corporation files with the appropriate government authority to formally terminate its existence as a legal entity. Dissolution is the process by which a corporation ceases to operate, and its legal existence is brought to an end. This can occur for various reasons, such as the completion of its intended purpose, financial difficulties, the decision of the shareholders to wind up the business, or the occurrence of events specified in the corporation’s articles of incorporation.
Once the Articles of Dissolution are filed and accepted by the government authority, the corporation’s legal existence is terminated. The corporation ceases to conduct business, and its assets, liabilities, and any remaining funds are handled according to the applicable laws.
Dissolution does not happen overnight, and corporations must go through a formal process to ensure that all financial and legal matters are properly addressed. This includes settling debts, distributing assets to shareholders, and fulfilling any remaining legal obligations.
It is crucial for corporations seeking dissolution to seek the advice and guidance of experienced Corporate Reorganization Lawyers or business attorneys. These professionals can help ensure that all legal requirements are met, protect the interests of the corporation’s stakeholders, and facilitate a smooth and compliant dissolution process.
Business Lawyer Price List
Incorporation Packages Include
Simple Share Structure
Meeting with Client
Corporate Name Searches
Articles & Certificate of Incorporation
3rd Party Fees & Disbursements
Review of franchise agreement and disclosure document$1,500 + HST + Disbursements
Franchise incubation where we take a client with an 'idea' through to the point where they are prepared to start the formal process of legal documentation.Starting at $3,000 + HST + Disbursements
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.Starting at $10,000 + HST + Disbursements
Starting at $2,150 + HST + Disbursements
*Prices are subject to change depending on the circumstances and the complexity of each matter.
Why Choose Insight Law Professional Corporation
Business Law Frequently Asked Questions
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 the answer to this question on the internet, you might have seen information on the 2-step process of incorporating and many online platforms who would incorporate your business for very low fees. However, most of these 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 terms of 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 in massive source of 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 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. 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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