Surrey BC Corporate Lawyer
As a full service law firm, Patrola Law specializes in helping clients develop their business through all stages of growth.
Whether you are launching a tech startup or experiencing a corporate transitioning period, you can trust that our experienced legal team will be able to deliver our clients an efficient and cost-effective legal framework.
Incorporation is the forming of a new corporation being a legal entity that is effectively recognized as a person under the law. The corporation may be a business, a non-profit organization or a government of a new city or town.
One of the most important legal benefits of incorporation is the protection of personal assets from the claims of creditors or lawsuits. It will also enable owners of business to transfer their ownership in a company more easily to others. Another benefit would be lower corporate tax rates, because corporations are taxed separately from their owners.
A shareholder’s agreement is an agreement, among some or all of the shareholders of a corporation. The agreement usually sets out how the activities of the company will be managed and operated and deals with the regulation of shareholders’ relationship within the company. Generally speaking, the shareholders’ agreement is intended to protect shareholders’ rights, making sure that they are fairly treated.
A franchise agreement is a legal, binding contract between a franchisor and franchisee, where a well-established business gives consent to provide its brand, operational model and required support to another party in order for them to set up a similar business in exchange for fees.
PARTNERSHIPS AND JOINT VENTURE AGREEMENTS
Partnership agreements are legal documents that explicitly detail the relationship between the business partners and set out their individual obligations and commitments. A proper partnership agreement should cover all possible business solutions that may arise in the course of partnership.
COMMERCIAL LEASE AGREEMENTS
A commercial lease is a legally binding contract that allows the tenant to use the commercial premises for business activity for a certain period of time by promising to pay the landlord an agreed-upon rate.
Unlike normal dwelling rental, one of the biggest differences of a commercial lease is that it allows negotiation between the tenant and landlord. It is extremely important for tenants to negotiate before signing the paper, because business tenants are usually not offered the same legal protection that personal dwelling tenants are entitled to.
Contracts are essential instruments in business transactions, and companies or individuals draft and negotiate contracts very frequently in the course of business. Negotiating contracts can be a time-consuming process, but it is extremely important in the long run.
Corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed. Governance structures and principles identify the distribution of rights and responsibilities among different participants in the corporation, who usually include the board of directors, managers, shareholders and other stakeholders.
Corporate reorganization and restructuring refers to the act of reorganizing the legal, ownership, operational, or other structures of a company. The reasons to reorganize a company may vary, which can include adding a holding company or family trust, eliminating one or more corporations or trusts in the corporate group, changing the share structure or ownership of one or more companies, doing an estate freeze, or a variety of other possibilities.
A buy–sell agreement, also known as a buyout agreement or business continuation agreement, is a legally binding agreement between co-owners of a business that governs the situation if a co-owner deceases or is otherwise involuntarily or voluntarily leaves the business. It is usually an approach used by sole proprietorships, partnerships and closed corporations to divide the business share or interest of a proprietor, partner, or shareholder.
MERGER & ACQUISITIONS
Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations or their operating units are transferred or combined.
A merger is a legal consolidation of two entities into one entity, whereas an acquisition occurs when one entity takes ownership of another entity’s stock, equity interests or assets. Commercially speaking, both types of transactions generally result in the consolidation of assets and liabilities under one entity and the distinction between a “merger” and an “acquisition” can therefore be less clear.