Corporate Lawyer Vancouver: Do You Need a Corporate Lawyer?
Running a business is already complex as it is, and as a business owner you don’t want the added stress on you when a legal issue arises. In this guide, we will explain what a corporate lawyer does, and how they protect your business.
If you are looking for legal advice from a corporate lawyer in Vancouver, schedule a free initial assessments and learn how Winright Law’s small business lawyers can help you.
The Role of a Corporate Lawyer in Business Success
A corporate lawyer in Vancouver, BC helps you navigate complicated legal issues while protecting your business. They can help you and your business in every stage of your business. You can work with a small business lawyer when you are starting a business in BC as they can help you with incorporating your business and choosing the best structure (corporation, partnership, or sole proprietorship) based on your specific needs.
Key Legal Services Corporate Lawyers Provide
- Choosing the right structure for your business: They can advise you on the best business structure (sole proprietorship, corporation, partnership) depending on your needs.
- Incorporation: Corporate lawyers can help you incorporate your business. Incorporating a business in British Columbia involves several key legal steps, all of which our experienced lawyers are equipped to manage, including:
- Securing approval of your company name
- Drafting and filing articles of incorporation
- Defining director responsibilities and governance structures
- Preparing and negotiating shareholder agreements
- Structuring share classes with special rights or restrictions
- Ensuring compliance with corporate resolutions and bylaws
- Continuous compliance: Business lawyers can assist you with ongoing obligations. Such as filing annual reports, maintaining corporate records, and more.
- Drafting contracts: Your corporate lawyer can draft contracts for you such as service contracts, employment offer letters, shareholder agreements, partnership agreements, NDA, terms of services for websites and more.
To learn more about how Winright Law’s business lawyers can help you with drafting contracts, fill out the form here.
How a Corporate Lawyer Can Protect Your Business from Legal Risks
Your corporate lawyer is there to protect you when a legal issue arises. In addition to that, they can also help you prevent any legal issues from happening in the first place by making sure that your business complies with current laws related to your specific industry.
Your business lawyer in bc can identify legal issues before they arise. They will draft legally sound documents and agreements to avoid potential legal disputes.
When Should You Hire a Corporate Attorney?
You might need a corporate attorney at every stage of your business.
When you are starting a business, your lawyer can help you incorporate your business in BC and make sure that your business is up to date with current laws and regulations.
When you are running your business, your business lawyer can help you draft contracts for your business such as employment offer contracts, terms and conditions, commercial lease agreements and more.
When you are selling your business, an experienced corporate attorney can help you navigate the process smoothly. When selling your business, it is crucial to consider the tax impact. Winright Law’s business lawyers can help determine how to minimize the amount of taxes you are required to pay to the Canada Revenue Agency. Furthermore, you may also ask the buyer to make specific promises regarding the continuance of the business, as per your agreement. For example, you may want to ensure that the purchaser of your business retains your employees. In addition, it may be important that the purchaser promises to assume and pay the agreed upon liabilities, as well as to indemnify you against those liabilities. These are both examples of the things that our law firm will consider when helping you through your sale.
Whether you operate a franchise, a small independent business, or a family-run business, Winright Law’s Vancouver-based team of business lawyers will always be happy to help you successfully buy or sell your business.
Final Thoughts
Dealing with the legal part of running a business can be overwhelming, but hiring a corporate lawyer in Vancouver will ensure that your business is protected. From incorporation to drafting contracts, an experienced corporate lawyer plays a crucial role in your business’s long term success.
Whether you are starting your business in BC, or need legal advice on an ongoing legal issue Winright Law’s best-rated corporate lawyers are ready to help you with every aspect of your business.
Ready to incorporate your business? Get in touch with Winright Law’s corporate team and book a free initial assessment!
