Winright Law includes a number of experienced Kamloops lawyers who specialize in Business Law, Real Estate Law, and the process of Estate Planning and creating a legal will. In addition to our legal services in Kamloops, we also serve clients in Surrey, Langley, Maple Ridge, Burnaby, and at our office in Vancouver.
Business Lawyers in Kamloops
Kamloops is home to diverse industries that find themselves thriving thanks in part to its central location in BC, and the young people flocking here for its affordability. Thompson Rivers University provides a steady flow of well educated and skilled labour to the city. Add on the fact that the region is turning into Silicon Valley 2.0 and the only conclusion is that there has never been a better time to be a business owner in Kamloops. Our lawyers serving Kamloops can help you draft up any type of legal contract and take care of all the legalities that come with starting a small business, running a business, litigation, and purchasing and selling a business.
Our Kamloops Business Legal Services Include:
- Registered & Records Office
- Share Transfers
- Purchase and Sale of Business Assets
- Contract Drafting (Partnerships, Joint Ventures, Bespoke)
- Purchase and Sale of Shares
- Shareholder Agreements
- Employment Agreements (Non-Competes, NDAs)
Recently, the City of Kamloops added tax incentives for new commercial developments in Kamloops City Centre, North Shore Town Centre, and the Tranquille Market Corridor. The exemption was more than a reduction in tax, it was a 10-year deferral of the taxes that would have been collected from the capital gains on the development.
The effect is already being seen, as Kamloops City Centre is being transformed into a business district, starting with the construction of The Hive, a 45,000 square foot office and retail building that will be breaking ground Spring 2020. Buildings like The Hive will be sprouting out of the ground in Kamloops like wildflowers, all with the goal of being home to forward-looking companies.
Overall, the region has seen a shift away from resource extraction, and has been successfully capitalizing on technology, tourism, education, health services, film, and agriculture. With the guidance from Winright Law’s experienced business lawyers, your business will be able to thrive without a hitch.
Reach Out to One of Our Experienced Kamloops Lawyers
Contact us today at 604-559-2529 or email us at [email protected], and we will be happy to answer any questions you might have during your initial consultation.
How Our Kamloops Real Estate Lawyers Can Help Clients
Whether you’re purchasing a home or commercial property in Kamloops or you’re a real estate developer dealing with permits and bylaws, our Kamloops real estate lawyers and legal professionals can provide guidance in making your transaction seamless. Avoid unnecessary headaches and hassle by completing your transaction at Winright Law.
Our Kamloops Real Estate Law Services:
- Private Lending
- Contract Drafting
- Contract Reviews
- Commercial Transactions
- Commercial Leasing
- Real Estate Property Assessment Appeals – Appeal Board
In terms of population, Kamloops is growing at a rate of 1.25% each year and will reach 120,000 people by 2039. Such an increase in growth represents that there will be a considerable number of developments in the city in the upcoming years. The areas of constructions range from residential properties to public and commercial buildings. In recent months, a new commercial building located in Downtown Kamloops, and a third public library have already been approved. Furthermore, there have been discussions regarding the location of another performing arts centre.
The BC Real Estate Association predicts that the entire province will see a more than 10% increase in residential property transactions in 2020, and a further 6% increase in 2021. Both the number of listings and prices have increased in Kamloops over the past year. The number of new listings were increased by 37%, and housing prices were increased by 11.3% for apartments and 4.3% for single-family homes. The average apartment in Kamloops now costs $271,660, and the average single-family home is worth $485,741.
How Our Kamloops Estate Planning Lawyers Can Help
With the average household income in Kamloops on the rise, Kamloops residents are finding ways to protect their estates. It is influential to set up a comprehensive plan that guarantees your assets are properly managed and distributed upon death. Winright Law’s experts in wealth preservation can make sure that happens.
Our Estate Planning Services Include:
- Declarations of Trusts
- Promissory Notes
- Family Trusts
- Cohabitation/Marriage Agreements
Estate planning is all about protecting your loved ones from having to deal with the headache of accessing your estate if something were to happen to you. Without proper measures in place, the cost of administering your estate could be excessively high.
Ensuring that you have a will and that it is legally valid is the best way to make things easier on your family and friends, and Winright Law is here to guide you through every step. In situations where a loved one has passed on without a will, our lawyers can help you deal with the probate process and administer the estate appropriately. We can also help you preserve your wealth through other means including trusts, contracts, and promissory notes.
About Kamloops, BC
Nestled in the beautiful Thompson-Okanagan region, Kamloops is a city that is growing faster than the national average. This is due largely in part to the diverse industries that call the city home, and the young, educated people who are choosing to live and work here. Venture Kamloops commissioned a major finance firm, Ernst and Young, to report on the city’s future outlook and the future looks bright. Average household income is expected to reach $112,000 in 2022, which is up from $77,000 in 2011.
The city benefits from a significant tourist market thanks to a variety of outdoor activities including mountain biking, hiking, golfing, and fishing. In addition to these activities, the Tournament Capital Centre is host to many sporting events that the city has adopted the tagline of “Canada’s Tournament Capital.”
Kamloops being home to the first BC Cannabis Store has been used as evidence that the city is moving forward faster than some larger cities in the Lower Mainland. Furthermore, the Thompson-Okanagan region’s development into a technology hub has generated $1.67 billion to the economy. A shift from resource extraction to tech and service industries has reduced unemployment and attracted a lot of skilled, educated labour. There has even been a “knowledge spillover” where tech workers have been able to transition to non-tech industries and help pull those industries into the future.
There are certainly no questions as to why Kamloops lawyers at Winright Law are excited to provide legal services residents in this thriving city.
If you’re considering us for your legal services, you can book a free initial assessment by using our scheduler. Talk to our lawyers serving Nanaimo at your convenience to find out if Winright Law is right for you.