Starting off on the right foot is important in every area of life. Seldom is it as vital as during the formation of your business.
It's not enough to have a vision and the finances to start a business. You need to set your venture up in a way that will fit your goals and needs, and will help you be successful.
At Henderson Law Group LLP, we have helped hundreds of new businesses begin. We know the common needs and pitfalls facing new businesses in British Columbia.
Our lawyers will learn about your priorities. We will discuss what you are hoping to build, and how you plan to build it. Then we'll talk about the best way to accomplish that, using the legal structures available to you.
Finding The Right Fit
We will discuss a number of topics involved in starting a business, starting with incorporation. There are tax consequences to incorporation, as well as protection from liability, for yourself, your personal assets and your family. We can guide you through the process of incorporation if necessary.
We will talk about the pros and cons of various possible structures such as:
- Sole proprietorships
- Limited liability partnerships
- Professional corporations
We will also discuss shareholder and partnership agreements, and negotiate and draft contracts that will help you define your roles and provide for growth. At the beginning of a business relationship, everything may seem very positive, but it is essential to define your roles and expectations clearly to anticipate future growth and the possibility of reorganization. This is particularly important for family-based businesses, in which partners and employees are also spouses, siblings or children.
Contact Henderson Law Group LLP
Starting a business is stressful enough in practical terms. Let us take care of the legal aspects. Call our Richmond office at 604-639-5175 or fill out our online form to set up an appointment.