Corporate Law in Peace River
Incorporating your company, business or organization is a big decision. Although there are many advantages, it can seem like a daunting process with an impossible amount of complicated paperwork. And actually, it is. But that’s why we’re here.
Verhaeghe Law Office provides professional corporate law services to business owners in Peace River. Our team of experts will help you with every step towards incorporation. And if your business or organization is already incorporated we have many corporate services for you too. From mergers and acquisitions to contract disputes, the Verhaeghe Law Office team is here to help you succeed. Our proven track record has established us as one of the leaders of corporate law in Peace River and Northern Alberta.
Should I Incorporate My Small Business?
If you are currently running an unincorporated business in Canada, you most likely have a sole proprietorship. A sole proprietorship means that you have complete control over business decisions, you collect all the profits and are liable for any losses your business might incur. You and your business are one and the same legal entity. If your company goes bankrupt, you will go bankrupt.
Incorporating your business means establishing it as a separate legal entity. Your business status will be changed from sole proprietorship to limited liability corporation. The most obvious advantage is right there in the name: the liability for all debts, all profits, and any legal action are the responsibility of the corporation itself. You, as an owner, no longer bear the burden of possible loss. However, this also means that if your business goes bankrupt, everything you have put into it can disappear. You’ll also have to file separate taxes for the corporation.
Should I Hire a Lawyer to Help Me Incorporate My Business?
There is a lot of very complicated paperwork that goes into setting up a corporation. Having a lawyer on your side means that you don’t have to worry about accidentally committing any fraud or other illegal activity while incorporating. For example, in Canada, you need to submit an article of incorporation to the province that the corporation is based in. The article of incorporation works as a kind of constitution for the corporation, dictating certain rules and limitations that will allow the company to function as a legal entity.
This is a complicated process in Alberta, as elsewhere. And it’s only the first step. Then there are taxes and real estate acquisitions. There are loans and debts. Having the qualified corporate lawyers at Verhaeghe Law Office on your side ensures that not only is it done properly, but that it is managed down the road.
A Leader in Corporate Law
Verhaeghe Law Office will give you the confidence you need to make effective business decisions. There won’t be any insecurity when it comes to your legal or tax status. All your paperwork will be filed in accordance with federal and provincial standards. And we’ll continue to represent your corporation as it grows. We can draft contracts, organize acquisitions, mergers, shareholder agreements, contract disputes, liens, and more.
There is no one better than Verhaeghe Law Office in Peace River. Contact us today for a consultation!