Do you need a small business lawyer to open a business in Toronto? You can book a time to speak to a lawyer for free below.
We have several business lawyers that can you set up your company and protect it.
Business Law Location
Small Business Lawyer In Toronto
One of our business lawyers can help you set up your company, contact us. You can also reach us via the live chat box at the bottom right of the screen.
We have business law locations downtown Toronto and Vaughan. Let us know which is best for you.
We also have offices in Ottawa but the business law work would be done in Toronto.
Our lawyers can serve people anywhere in Ontario. They do this over video conference and email.
Some of the things you should consider before starting a small business is:
- A shareholder agreement
- Your corporate set up
- Contract creation
- Contract review
- Corporate minutes
A shareholder agreement is very important in case there are future disputes between partners. If things go well, there can be disputes about the direction of the company. If things go poorly, there can be disputes around who must pay costs.
A shareholder agreement is normally quite long, and it lists many of the common (and uncommon) disputes that can come up in business partners. If you are looking for capital from outside investors, they often will ask to see the shareholder agreement. If you don’t have one, it doesn’t look good.
Business Law in Toronto
Lawyers are made to protect the general population. Municipal, provincial and federal laws apply to businesses. And ignorance of the law is no excuse. The business world is very complex. Making lots of sales is not enough to ensure your company does well. If you own a restaurant and someone slips outside your restaurant, will you get sued? How will you react? What happened if there is a trademark dispute?
It is important to keep good records to protect your business. If a legal issue makes it as far as court, evidence will be required to prove or defend the claim. Keeping cameras around if you have customers visit your business is a great idea.
Business Law Services
Toronto Business Lawyers Suggest Keeping:
- All payroll and registration documents for the business
- If someone gets hurt, document everything about the incident
- If there are any disputes or allegations, quickly respond and investigate
Business Law In Toronto Is Civil Law
Civil law is different than criminal law. Civil cases involve two individuals or groups that cannot agree on something. An example of this is a business dispute, family law issue, and estate disputes. This is what our law firm focuses on.
It is a plaintiff (who started the case) versus the defendant (person sued.) The decision is based on the balance of probabilities, which means that the side with the more probable evidence succeeds.
The case often first goes to a pre-trial conference. There is also often a pre-trial settlement. Most of the time there is no jury, just a judge.
Ontario Corporate Lawyer
You also want to make sure your corporation is set up in a way that protects you from personal liability. Your family doesn’t want to lose your house and car because of your business. You need to talk to an accountant and a lawyer to decide which is right for you.
Most people are scared to talk to a lawyer because they think they can’t afford it. If you can afford to open a store, you can afford a lawyer. Take legal protection very seriously.
Small business lawyers don’t need to cost a lot of money. But make sure you are not waiting until a problem occurs before you reach out to a lawyer. Most people don’t want to pay to plan, they want to pay to fix. That is not a great business decision.
Some people end up paying 50% in taxes because the entrepreneur did not select the correct business structure. Also, if you don’t have something written down, things can go to litigation. Court costs are often $100,000+. Legal planning with a business lawyer normally costs around $5000.
It’s also important to note some of our business lawyers charge per hour and some offer flat fees. It’s important to find the right Toronto business lawyer for you.
Litigation can be called any of the following:
Alternative Dispute Resolution | Business Lawyer Toronto
When a lawsuit has been started, it is important that Toronto Business Lawyers are hired. If the claim is very small, it might be possible to deal with it yourself in small claims court. But most businesses hire business attorneys even when the claim is small. The business reputation is important and losing a lawsuit doesn’t look good.
One of our business lawyers can walk you through other options besides going to court. The court is very expensive, and the outcome can be unknown. If you lose your case, it is possible that the judge might award the other side with costs.
Mediation and arbitration are both options that do not require going to court. An additional benefit of staying out of court is that it is private. You do not want the opposing party to say nasty things about your company in court. There may be media reporters in the court looking for interesting stories.
Looking for Toronto business lawyers? Call us to discuss your business law requirements.
In conclusion, you can also watch videos about Canadian law that we created.
Author: Alistair Vigier is the CEO of ClearWay Law