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Incorporating Your Business

You have a new business opportunity and you’re ready to make it official! 

Laying the proper foundation for your company will offer you the protection you need to safeguard your assets, and allow you to have the freedom and structure to grow your business with confidence. 

As your legal advisors, GBC Law will help you avoid the common mistakes people make when setting up their own company. Let us focus on the legal details to anchor you up for the long-run, so you can be free to focus on your business’ success. 

If you have already been in business for a while, don’t worry – incorporating now will help to ensure that your business is able to sustain long-term growth.

Let’s Get to Business with an Initial Consultation

Disclaimer: Using our contact form does not create a lawyer-client relationship. This relationship is only formed once you have signed an agreement with us. Your submission through this form will be sent to us by email and is not secure. Please do not provide any confidential or time-sensitive information on this form.

Incorporating Your Business

You have a new business opportunity and you’re ready to make it official! 

Laying the proper foundation for your company will offer you the protection you need to safeguard your assets, and allow you to have the freedom and structure to grow your business with confidence. 

As your legal advisors, GBC Law will help you avoid the common mistakes people make when setting up their own company. Let us focus on the legal details to anchor you up for the long-run, so you can be free to focus on your business’ success. 

If you have already been in business for a while, don’t worry – incorporating now will help to ensure that your business is able to sustain long-term growth.

Let’s Get to Business with an Initial Consultation

Disclaimer: Using our contact form does not create a lawyer-client relationship. This relationship is only formed once you have signed an agreement with us. Your submission through this form will be sent to us by email and is not secure. Please do not provide any confidential or time-sensitive information on this form.

Set Up Your Company the Right Way and Avoid Legal Issues Down the Road

Incorporating without the advice of a lawyer can end up costing you more time, energy, and money. You may be faced with…

  • Expensive restructuring in the future
  • Inaccurate or incomplete corporate records
  • Unanticipated liability or tax implications
  • Difficulty in expanding your business to other geographic regions

Professional legal advice can protect you from these risks and put your mind at ease. We’ll also help you evaluate your alternatives, understand your obligations and liabilities, and plan what the future growth of your company can look like, so that you can feel confident making decisions that are right for your business.

As your legal advisors, we focus on understanding your needs, laying out and assessing your options with you, and advising with your interests and business at heart. 

HOW DOES IT WORK?

Incorporating your business means that your business will become its own legal entity, apart from its owner(s). Business assets, debts, and liabilities become separate from personal ones. Incorporating your business can provide a higher level of credibility to potential customers, investors, and partners, and may be more suitable for supporting future growth.

Is Incorporation Right for Your Business?

There are several types of business structures that you may want to consider. Do you know the advantages and disadvantages of each? If you’re not sure, we can help you figure it out! An initial consultation with GBC will help you understand the pros and cons and determine if incorporation is the right move for your business at this time.

Sole Proprietorship

A sole proprietorship is the simplest form of business structure. As a sole proprietor you will be classified as self-employed and fully responsible for all debts and obligations related to your business.

Partnership

A partnership is formed by an association of partners, which can include individuals, corporations, trusts or even other partnerships. Depending on how the partners decide to share the rights and liabilities of the business, the partnership can be set up as a General Partnership, Limited Partnership, or Limited Liability Partnership. As a partnership is not considered a separate entity for legal or tax purposes, each of the partners will be responsible for a share of the partnership’s debts and obligations.

Corporation (aka Company)

A corporation is a legal entity that is separate from its owner(s). It can enter into agreements and own property under its own name. A business can be incorporated as a Limited Company, Unlimited Liability Company, or a Community Contribution Company. In BC, most businesses are incorporated as a Limited Company. Limited Companies can provide protection against personal liability, offer possible tax advantages, and allow for easier transfer of ownership.

GBC Law Helps You Make Critical Business Decisions with Confidence

In addition to incorporating your business, we can help you:

 

  • Determine the best structure for your business based on your current operations and plans for future growth 
  • Optimize the share structure of your company so that you can benefit from possible tax advantages 
  • Register your company in other provinces to support the expansion of your business  
  • Create a shareholders’ agreement to ensure that you and your business partners are on the same page
  • Maintain your company’s corporate records so that you can focus on running your business

Let’s Get to Know Each Other and Find the Right Legal Advisor for You

Disclaimer: Using our contact form does not create a lawyer-client relationship. This relationship is only formed once you have signed an agreement with us. Your submission through this form will be sent to us by email and is not secure. Please do not provide any confidential or time-sensitive information on this form.

In addition to incorporating your business, we can help you:

 

  • Determine the best structure for your business based on your current operations and plans for future growth 
  • Optimize the share structure of your company so that you can benefit from possible tax advantages 
  • Register your company in other provinces to support the expansion of your business  
  • Create a shareholders’ agreement to ensure that you and your business partners are on the same page
  • Maintain your company’s corporate records so that you can focus on running your business

Let’s Get to Know Each Other and Find the Right Legal Advisor for You

Disclaimer: Using our contact form does not create a lawyer-client relationship. This relationship is only formed once you have signed an agreement with us. Your submission through this form will be sent to us by email and is not secure. Please do not provide any confidential or time-sensitive information on this form.

Think You’re Ready to Incorporate?

Let’s Talk