Toronto Financing & Secured Transactions Lawyer
Are you looking for a Lawyer for your financing & secured transactions in Ontario? Financing & Secured Transactions Lawyer provides legal services and representation related to financial transactions and secured lending. Their primary focus is to assist clients in navigating financial deals while ensuring compliance with relevant laws and protecting their interests.
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.
Commercial financing deals with providing funding or capital to businesses to support their operations, expansion, or other financial needs. Commercial financing can come from a variety of sources, including banks and private lenders and is a critical component of the business world, allowing companies to access the capital they need to grow and succeed.
Whether you are seeking a bank loan or a home line of credit to acquire a new business or buy new equipment for your business, it is typical for major financial institutions and lenders to mandate that you seek independent legal advice before you sign loan documentation.
During the process of financing, the lenders typically include financing and security documents such as Personal Guarantees and General Security Agreements that need to be reviewed by a lawyer who would inform you on both parties’ rights and obligations under the agreement and benefits and risks of the loan.
The conditions and terms of these agreements might be crucial for you to anticipate your next steps in the future of your business. A small business lawyer in Toronto can help you understand these terms in detail such as the consequences of default in payment and even further negotiate terms of loans and security agreements.
If you need a Small Business Lawyer in Toronto to assist you with your commercial financing, contact us today and see how we can help you.
Financing & Secured Transaction Services
Our Financing & Secured Transactions Lawyer offer a wide range of services, including:
Loan Agreements: Drafting and negotiating loan agreements to protect the interests of lenders and borrowers while ensuring compliance with applicable laws.
Debt Financing: Assisting businesses in securing debt financing to fund their operations, expansions, or strategic initiatives.
Asset-Based Lending: Advising on asset-based lending transactions, leveraging company assets to secure loans and optimize financing options.
Commercial Real Estate Financing: Navigating real estate financing deals to facilitate property acquisitions and developments.
Secured Transactions Structuring: Strategically structuring secured transactions to maximize benefits for all parties involved.
UCC Compliance: Ensuring compliance with the Uniform Commercial Code (UCC) regulations in secured transactions.
Guarantees and Indemnities: Drafting comprehensive guarantees and indemnity agreements to safeguard the interests of parties involved in financial deals.
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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