Business Formation and Incorporation
Top Commercial Lawyer in Peterborough, Oshawa, and the Surrounding Areas
If you're ready to start your next venture in the business world, the team at Miskin Law Professional Corporation will ensure you do so strategically and smartly. We have an elite commercial lawyer and legal team in Peterborough, Oshawa, and the surrounding areas. From developing your business model to structuring, you can rely on us to help your business start with an advantage.
Contact Us
Critical Legal and Financial Implications to Consider
When deciding on whether to form a sole proprietorship, corporation, LLC or other business venture, you should consider the following implications to make the right choice:
- Liability: The type of entity your form will determine how much responsibility you’ll assume in legal matters or disputes.
- Compliance: Regardless of your business setup, you’ll likely be subject to strict regulations and legal standards you must maintain.
- Ownership: Sole proprietors own the business exclusively. With other arrangements, you'll likely have to split or share ownership.
- Taxation: Your entity type will determine how your business is taxed and how money is deducted, federally and locally.
- Profit Distribution: If you’re in an agreement or partnership, you’ll likely have to share your profits with involved parties.
Compliance Requirements for Forming a Business
To get your business started and ensure it falls within compliance and legal requirements, you must or are encouraged to create and fulfill the following with the help of a legal professional:
Articles of Incorporation
The legal document filed with your province to officially create your business or corporation.
Bylaws
Internal rules and procedures that govern and outline your entity's operations.
Operating Agreements
This legal document outlines and establishes ownership responsibilities and operating procedures.
Government Registration
Federal, provincial, and local registrations, certifications, and approvals needed to operate your business.
Ongoing Maintenance and Continued Legal Support
Once your business is off the ground, ensure you get legal help and advice for the following maintenance requirements:
- Annual Filings: Completing your annual filings and statements ensures that your business stays within compliance and maintains transparency and credibility.
- Record Keeping: By constantly maintaining your books and records, you can reduce your legal liability and keep careful track of your business activities.
- Adherence to Regulations: Following regulations is crucial. Complying with federal, provincial, and local laws, including industry-specific regulations, helps avoid penalties and protects your reputation.
Get Outstanding Legal Assistance for Your Business
Whether you're considering starting a business or already getting the process going, getting sound legal counsel and consulting services is essential. Doing so will ensure compliance and protection and that your business is in the best shape to succeed. For decades, Miskin Law Professional Corporation has guided countless businesses, industries, and ventures in maintaining an edge when they start, setting them up for a fantastic future.
About Phil Ugnat
Phil Ugnat is a seasoned corporate, commercial, and business lawyer with years of experience and a proven track record of outstanding results. From startups to massive corporations, Phil has helped countless organizations level up their success.
Contact
Toronto: 416-492-0989 ext. 123
Toll Free: 877-428-8000 ext. 123
Learn More
Contact Our Team
Consult With Miskin Law Today
We’re Here to help
Contact Us Today for a Free Case Evaluation
Contact Us