Brampton: 905-796-9900 | Mississauga: 905-896-4000
saplaw@gmail.com

Corporate Law

Taneja Law: The Home of the Most Reliable Corporate Lawyers in Brampton and Mississauga

Running a business is a fast-growing occupation that yields better return to the owners. To safeguard the business, the trend of forming a corporation and then running a business under its flagship is catching momentum these days. These are different from the sole proprietorship businesses. The implications of corporate business are required to be handled with more sincerity. The corporate houses are liable to handle the taxes, lawsuits, and other aspects of the businesses by themselves.

For a quick legal consultation on any corporate law services in Ontario, Canada. Feel free to give us a call in our nearest office.

We serve our corporate law clients throughout Brampton, Mississauga, Markham, Hilton, Milton, Oakville, Richmond Hills, Toronto areas..

Brampton: 905-796-9900  Mississauga: 905-896-4000

What is Corporate Law?

Corporate law (also “company” or “corporations” law) is the study of how shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community and the environment interact with one another. Corporate law is a part of a broader companies law (or law of business associations). Reference:

Parts of a Corporate House:

Corporate houses comprise of certain bodies that include owners, directors, office bearers, and shareholders. They have their own roles to play in running a business. Shareholders only invest money in the business by buying shares, and they do not carry out any other responsibility whereas the directors play the most significant roles as they are responsible for maintaining the assets and taxes. In Canada, the taxes are collected by Revenue Canada or other registered or recognized bodies.

Corporations and their Responsibilities:

Unlike Incorporations and Limited Companies, Corporations are independent as far as operations are concerned. They need to maintain some serious responsibilities when it comes to sale of shares and distributing the earnings among the shareholders. They also look into the matters related to share transfer.

Advantages and Disadvantages

 

Advantages of Corporate Houses: Corporate Houses/ Corporations offer many advantages to the business.

  • Owners do not involve them in daily operation. They have no or least liability in daily operations.
  • Shareholders do not interfere in the matters of the corporations. However, they can be responsible for legal affairs related to the business.
  • The Corporate house cannot use the personal property of the shareholders in the matters of debt obligations.
  • Expansion of business is easier in the corporation model than those of the sole proprietorship business.
  • Corporate model is most suited for larger businesses.
  • Business on corporate model enjoys certain tax benefits that are not accessible for other business types.

 

Disadvantages of Corporate Business Model:

  • Formation of Corporate houses/ corporations is often complicated.
  • Corporate business faces dual income tax provisions.
  • The setup charges for corporations are higher than other business models.
  • These business need to follow stringent setup procedures and restrictions. They need to clear hurdles on regular basis.
  • These business have to follow corporate laws for smoother running. They also maintain corporate law book.
  • The legal procedures of corporations are tougher and that is why they need to keep them in close contact with experienced corporate lawyers.


 Reasons for Choosing an Experienced Corporate Law Firm / Corporate Lawyers in Mississauga and Brampton:

Maintaining the legal procedures for corporate businesses is often very complicated. Besides, the businesses also need to maintain the law book that is pretty difficult for the businesses to maintain by themselves. It is because of these complications, the corporations often need to hire an experienced corporate lawyer/ firm to meet and maintain all the legal and technical aspects of the business.  Most of the businesses with larger corporate house behind them feel safe to hire the lawyer so that they do not need to interfere into these legal matters. If you are planning to start a corporate business in Ontario, Canada, then this is the time to get a closer contract with the best corporate law service provider in Mississauga, Brampton, Markham, Milton, Hilton, Oakville, Richmond Hills and Toronto areas.

Legalities of a Corporation based Business:

As per the standing Corporate Law in Brampton and Mississauga, every corporation must have at least one director and one shareholder apart from one owner. In case of small corporations, one person can hold all these positions and carry out the responsibilities accordingly, but it needs to increase in size with the expansion of the business.

Taneja Law has earned a distinction among the top business houses in Brampton and Mississauga. We have a team of highly-experienced, dynamic, and expert Corporate Lawyers who work dedicatedly help the business owners run their businesses smoothly.

In our Corporate Law Services, we have helped many of our clients with the following of their issues.

  1. Partnership Agreements
  2. Shareholders Agreements
  3. Licensing Agreements
  4. Franchise Agreements
  5. Sales Agreements
  6. Secured Financing Agreements
  7. Executive Employment Contracts
  8. Commercial Leases

Need any advice right now for your corporate business? Do send us a text at saplaw@gmail.com right now! We guarantee faster response on ‘first-come-first-serve’ basis. It’s the time to act!

For a quick consultation on any Corporate Law, feel free to give us a call in our nearest office.

Brampton: 905-796-9900 | Mississauga: 905-896-4000

 

 


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