Business Structuring and Succession Legal Services
Structure Your Business and Secure Your Legacy
Our experienced business lawyers help you choose the optimized structure to protect assets and support long-term growth. We also develop succession strategies to protect your company’s future. We provide guidance on options to minimize risk and maximize growth.
We assist entrepreneurs, start-ups, individuals, large corporations, SMEs and international entities, with a variety of business structures for tax advantages and ring fencing liabilities:
- Federal Incorporation: Ideal for businesses operating across provinces or seeking nationwide name protection.
- Provincial Incorporation: Offers streamlined processes and potentially lower fees for businesses primarily within the province.
- Professional Corporations: Regulated professionals can form corporations for tax advantages and liability protection outside the regulated liabilities.
- Nonprofits: We incorporate, organize and provide ongoing assistance to Not-for-Profit (NFP) ensuring compliance with NFP legislation.
- Partnerships and Sole Proprietorships: We develop contracts clarifying rights, responsibilities, and risk management for these structures and articulating key commercial terms.
Your business has its own story. We listen, we understand, and we build a legal strategy around your unique needs — from choosing the right structure to staying compliant every step of the way.
Business Succession Planning
Planning for your business’s future is crucial. We tailor succession plans to minimize taxes and disruptions while maximizing growth.
Succession plans may include:
- Family Succession: Smooth transitions to family members, addressing potential conflicts and ensuring clear governance.
- Sale to a Third Party: Prepare your business for sale to maximize value and secure favorable terms.
- Management Buyouts (MBOs): Structure contracts for your management team to take over.
- Equity-Linked Incentives: Structure ownership transfers to employees with tax advantages and operational stability by considering structures such as Employee Stock Ownership Plans, Phantom Shares or Employee Ownership Trusts.
- Partnership and Shareholder Agreements: Draft agreements for succession protocols, including buyout provisions and dispute resolution relating to settlement or managing communication and next steps as part of a ‘corporate divorce’ where shareholders and board members do not see ‘eye to eye’.
Other Areas of Law
Our legal team is accessible, innovative, and professional.
Featured Articles
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Faisal Nasim ANNOUNCER: I'm with Faisal Nasim from Cohen Highley Lawyers. Tell me about the sale and purchase of a franchise business. FAISAL: Clients often don't realize when buying or selling a franchise business that there are time sensitive moving parts to it....
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Faisal Nasim ANNOUNCER: I'm with Faisal Nassim from Cohen Highly Lawyers. What should business owners know about succession planning? FAISAL: Succession planning is vital for businesses. It lets you plan for what happens to your business in the event of any key...
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Faisal Nasim ANNOUNCER: I'm with Faisal Nasim from Cohen Highley Lawyers. Is it risky for small businesses to negotiate commercial leases? FAISAL: Yes. Typically, landlords have an advantage over business owners since they deal with commercial leases regularly while...