CORPORATE COMMERCIAL LAW?
Corporate law (also known as business law or enterprise law or sometimes company law) regulates how corporations, investors, shareholders, directors, employees, creditors, and others such as the government and regulatory bodies, consumers, the community, and the environment interact.
Corporate law governs the formation of companies, shareholder rights, mergers, and acquisitions, while business law or commercial law deals with the sale and distribution of goods.
The laws involved regulate the rights and obligations involved with the business activities of a corporation, including formation, ownership, operation, and management.
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WHAT DOES A CORPORATE LAWYER DO?
Corporate lawyers, who are also known as business lawyers, work with Canadian companies and corporations to make sure all of their transactions are legal by providing advice on their rights and obligations.
Incorporating a Business
Generally you should retain a corporate lawyer to act as your corporate counsel and recommend the type of corporation for your company and prepare and file the required legal documents to incorporate.
An incorporated business gains corporation status when it legally and formally incorporates, which is a legal process that creates a limited liability company and separates the business’ assets from its owners and investors personal assets.
articles of incorporation, limited liability company, incorporated business,
The Articles of Incorporation are a legal document which must be submitted to the Provincial, Territorial or Federal Government within Canada when registering the new corporation and which establish is as a legal taxable .business within Canada.
Most businesses decide to incorporate because it protects their personal assets, allows for easy transfers of ownership, lowers the tax rate, and makes it easier to raise capital.