Our law firm in Toronto also focuses on ethics while solving and negotiating any situation with significant knowledge and skills gained through years of practicing law in Ontario and Israel. With our rich experience and skills in management and decision-making, we can help you with your case.
We are experienced in the process and applications for different visas and work permits, while being able to clarify complex systems of immigration and residency in Canada. Buzaker Law Firm experience in business law will allow us to clarify the different business entities, apply your business to one of these entities – following the legal regulations, while formulating and negotiating a variety of agreements for your business.
There are many advantages to running your business as a sole proprietorship. These include minimal regulation from the government, complete control over the business, profits not having to be shared, and since a sole proprietor is only required to file one income tax return, s/he can remove any business losses or expenses from his/her personal income.
There are also disadvantages of sole proprietorship, the main one being unlimited liability. This means that the owner of the business is personally liable for any of the business’ debts or obligations. In addition, if the sole proprietor passes away, the business is over. It may also be difficult to raise the money required to start your business on your own and if your business is successful, a sole proprietor may be taxed at a higher rate. Finally, since a sole proprietor is not considered an employee of their business, they will not be entitled to benefits like a salary or vacation pay.
• The main purpose of an incorporated business is to protect the owner’s assets against the company’s liabilities.
• It offers your company tremendous benefits, such as protection from creditors and tax advantages.
• Incorporating a business shall abide by all the legal requirements pursuant to the Ontario Business Corporation Act (OBCA) or Canada Business Corporation Act (CBCA) in its implementing rules.
• Corporations are owned by their shareholders, but it is the directors that run it.
At Buzaker Law Firm we are offering the following services:
1. We render services and information to our clients to better apprise the relevance of incorporation, their issues and concerns, and the legal rights of the corporations and its members.
2. Incorporate your Business, If a decision has been made to incorporate, we will provide you with the detailed format and procedures regarding incorporation and help you to determine whether to incorporate provincially, federally.
3. Conduct a NUANS name search to ensure that your business name complies with all legal requirements. At Our business law firms Toronto, ON registration, documentation, and other necessary legal requirements to properly incorporate your business provincially and/or federally.
4. Obtain any required Business licenses and permits necessary for you to carry on business.
5. Search for Articles of Revival If required
6. Formulating Articles of Incorporation that must specify basic details about your corporation, such as its name, principal office address, names of its directors, type of share and it’s class.
7. Create by-laws to establish the operating rules for your corporation.
8. Assist in outlining the functions and roles of the corporation’s board members, officers, and members in order to establish a strong business organization.
9. Draft a Shareholders’ Agreement, to outline how the company should be operated and the rights and obligations of shareholders.
10. Draft board resolutions for Board of Directors – written documents or statements, which record any decisions or action made by a Board of Directors during a board meeting.
11. Prepare and Manage your minute book, which every corporation is required to keep by law, so that you will never have to worry about losing your corporation.
We are experienced in the process and applications for different visas and work permits, while being able to clarify complex systems of immigration and residency in Canada. Buzaker Law Firm experience in business law will allow us to clarify the different business entities, apply your business to one of these entities – following the legal regulations, while formulating and negotiating a variety of agreements for your business.
There are many advantages to running your business as a sole proprietorship. These include minimal regulation from the government, complete control over the business, profits not having to be shared, and since a sole proprietor is only required to file one income tax return, s/he can remove any business losses or expenses from his/her personal income.
There are also disadvantages of sole proprietorship, the main one being unlimited liability. This means that the owner of the business is personally liable for any of the business’ debts or obligations. In addition, if the sole proprietor passes away, the business is over. It may also be difficult to raise the money required to start your business on your own and if your business is successful, a sole proprietor may be taxed at a higher rate. Finally, since a sole proprietor is not considered an employee of their business, they will not be entitled to benefits like a salary or vacation pay.
INCORPORATION – CORPORATE LAW FIRM TORONTO, ON
• It offers your company tremendous benefits, such as protection from creditors and tax advantages.
• Incorporating a business shall abide by all the legal requirements pursuant to the Ontario Business Corporation Act (OBCA) or Canada Business Corporation Act (CBCA) in its implementing rules.
• Corporations are owned by their shareholders, but it is the directors that run it.
At Buzaker Law Firm we are offering the following services:
1. We render services and information to our clients to better apprise the relevance of incorporation, their issues and concerns, and the legal rights of the corporations and its members.
2. Incorporate your Business, If a decision has been made to incorporate, we will provide you with the detailed format and procedures regarding incorporation and help you to determine whether to incorporate provincially, federally.
3. Conduct a NUANS name search to ensure that your business name complies with all legal requirements. At Our business law firms Toronto, ON registration, documentation, and other necessary legal requirements to properly incorporate your business provincially and/or federally.
4. Obtain any required Business licenses and permits necessary for you to carry on business.
5. Search for Articles of Revival If required
6. Formulating Articles of Incorporation that must specify basic details about your corporation, such as its name, principal office address, names of its directors, type of share and it’s class.
7. Create by-laws to establish the operating rules for your corporation.
8. Assist in outlining the functions and roles of the corporation’s board members, officers, and members in order to establish a strong business organization.
9. Draft a Shareholders’ Agreement, to outline how the company should be operated and the rights and obligations of shareholders.
10. Draft board resolutions for Board of Directors – written documents or statements, which record any decisions or action made by a Board of Directors during a board meeting.
11. Prepare and Manage your minute book, which every corporation is required to keep by law, so that you will never have to worry about losing your corporation.
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