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Business Law

Business Lawyers in Coquitlam

At Spraggs Law we provide advice to small to medium-sized businesses in various industries.

With all that is required in starting your own business, from developing your business idea, choosing a business structure, requesting and reserving a business name, registering or incorporating your company to obtaining all the licenses and permits it can be very overwhelming. Our business lawyers can help.

Spraggs Business Law services include:

  • Incorporations or registrations
  • Registered and Records Offices services
  • Preparing and maintaining corporate filings
  • General Business Advice

There are multiple steps involved in the process of setting up a business. One of the first decisions that a new business owner must make is the type of legal structure that suits the needs of your business. Obtaining legal advice can determine whether you should operate as a sole proprietor or partnership or set up your business as a corporation which creates a separate legal entity. This is an important decision which can impact your business now and in the future.

Business Registration

Businesses registered as sole proprietor or partnership are simply an extension of the individual and regulatory and tax obligations are relatively minimal. This means that you perform all of the functions required for the successful operation of the business, secure the capital, establish and operate the business, assume all risk, accept all profit and loss and pay all taxes. As a registered business there is unlimited liability – you are also personally liable for business actions and debts.

At Spraggs Law, we offer two business registration packages to help get your business up and running, including:

BASIC REGISTRATION PACKAGE
(FLAT FEE)

General Advice on Business Structure
Name Search & Registration
Obtaining a Business Number
Business License
Statement of Registration
Business Registration Fees

ENHANCED REGISTRATION PACKAGE
(FLAT FEE)

General Advice on Business Structure
Name Search & Registration
Obtaining a Business Number
Business License
Statement of Registration
Business Registration Fees
PST & GST registration

Incorporation of BC Companies

The decision of whether to incorporate depends on the goals of the company and needs of the individuals involved. There are advantages of incorporating your business, including:

  • Owners benefit from limited liability which means you can maximize the ability to protect your personal assets
  • Tax reduction and tax deferral – taxed at a lower rate because corporate tax rates are typically lower than personal tax rates
  • Corporation is a separate legal entity which means the business entity does not disappear with the owners
  • Business credibility and reputation
  • Name protection
  • Ownership interests are easily transferable
  • Financing and grants are easier to access

If you are hesitant about incorporating your business, you should know that incorporating comes with many more advantages than disadvantages. If you want to grow and hire people, a corporation is by far the preferable structure. As your business or work grows, the need for incorporation become greater. Once the business generates more income than you need for your living expenses, incorporating may be the most cost-effective way to succeed.

At Spraggs Law, we offer a Basic or Enhanced Incorporation package which includes:

BASIC INCORPORATION PACKAGE
(FLAT FEE)

General Advice on Business Structure
Name Search & Registration
Establishing Company Articles
Organizing Basic Share Structure
Establishing Central Securities Register
Issuing Share Certificates
Incorporation Agreement
Filing of Incorporation Application
Certificate of Incorporation
Incorporation Fees

ENHANCED INCORPORATION PACKAGE
(FLAT FEE)

General Advice on Business Structure
Name Search & Registration
Establishing Company Articles
Organizing Basic Share Structure
Establishing Central Securities Register
Issuing Share Certificates
Incorporation Agreement
Filing of Incorporation Application
Certificate of Incorporation
Incorporation Fees
Minute Book Maintenance & Storage
Corporate Governance

Registered and Records Office Services

Every Canadian company requires a registered and records office that is accessible to the public.  This is where the companies’ corporate record book must be kept and made available for inspection.  At Spraggs Law we offer the following services:

  • Act as the registered and records office for your company
  • Send notice to you if the registered office is served with a court action
  • Date-stamp all notices delivered to the registered office
  • Handle all matters relating to the public who wish to view or to take copies of the record book, including ensuring the records are not tampered with and that the person only sees the records that they are entitled to see
  • Prepare and file your company’s annual report which must be filed with the corporate registry
  • Prepare your company’s year end resolutions

Contracts and Documents

Our business lawyers are able to assist in the preparation of documents and contracts necessary to your business, including:

  • Sales Contracts
  • Business Agreements
  • Leases

General Business Consulting

In addition to registering or incorporating your business, acting as your registered and records office and/or preparing and maintaining corporate filings, we are able to provide general business advice.

 

 

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Trusted Referral Advice

To ensure the longevity of your business, we collaborate with trusted advisors in various areas to ensure the success of your business, including: Insurance, Tax Advice, Bookkeeping, Accounting Software, Consulting, Financing

At Spraggs Law, our business clients benefit from our complementary practice areas including, human resources consulting, employment law, and estate law.