Hey Entrepreneur. Be Undeniably Good.
Properly structuring your business from the start will significantly impact the success of your business down the road. We’ll spend the time you need to ensure you have solid legal advice and business guidance to get your company up and running.
If your company has two or more shareholders, you may wish to consider having a shareholders agreement.
A shareholders agreement is a contract between the shareholders and the company that sets out certain rights and obligations.
Our Incorporation Packages
Our complete package includes:
1. Advice. Good, clear advice on business structures
2. Name. Name Reservation and advice on corporate names
3. Incorporation. All incorporation and post-incorporation documents including:
- Notice of Articles
- Incorporation Application
- Certificate of Incorporation
- Custom Articles with multiple share classes (including voting, participating, and preferred share classes – don’t worry, we’re happy to discuss what this all means)
- Share Certificates
- Central Securities Register
- Directors Register
- Share subscriptions
- Corporate Resolutions
4. Records Book.
5. Next Steps. A meaningful meeting, with a lawyer to discuss your new corporation, what it all means, and your business goals.
Government Fees (incorporation + name reservation)
*plus taxes (Government fees are non-taxable)
*there may be additional fees for professional corporations
What is it?
Topics that are often covered include:
1. Agreement on corporate matters. Who are the directors? Any restricted activities? Any matters requiring unanimous approval?
2. Death of a Shareholder. What happens to a shareholder’s shares? Am I now in business with my deceased business partner’s spouse now? These provisions set up a mechanism for buy-out, often using life insurance.
3. Right of First Refusal. I want out. How do we do that?
4. Non-Competition. What happens if my business partner leaves? Can he/she immediately compete, using the knowledge, clients, and contacts acquired during his/her time with the company? Set up a reasonable limitation to protect the legitimate business interests of the company.
5. Draw Along and Drag Along Rights. I found a buyer. But my business partner doesn’t want to sell. Or, my business partner found a buyer but I don’t want to work with this buyer. How do we deal with this?
6. Compulsory Buy-Out and Shotgun Clause. Our relationship has broken down. We’ve reached a stalemate. Now what?
7. Mechanism for Dispute. We’re in a fight. But court’s too expensive. What about arbitration?