Having meticulously researched the business and all its facets, you have determined that everything is in line with your expectations. With both parties consenting to the sale of the business shares, you are now poised to seal the deal.
At this critical stage, it is crucial that the share purchase agreement is expertly crafted to ensure a seamless and efficient transaction, regardless of whether you are the buyer or the seller. To that end, we are well-equipped to provide our professional assistance in bringing your deal to fruition.
At Astre Legal, we possess the expertise and acumen necessary to guide you through the intricacies of the share purchase agreement, thereby ensuring that the transaction is executed with precision and accuracy. With our assistance, you can be confident in a successful outcome that satisfies all parties involved.
The share purchase process.
Upon gathering all the requisite information, we shall proceed with drafting your share purchase agreement. It's important to note that each agreement is crafted with intricate attention to the unique particulars of your business and the transaction at hand.
Our meticulous process involves a comprehensive inclusion of the pertinent details such as the description of the shares being sold, the price, and the various payment methods. Additionally, we will engage in a thorough discussion of representations and warranties, as well as any potential liabilities involved.
We take pride in our commitment to transparency and open communication. As such, we will take the time to thoroughly review the final agreement with you before closing the transaction. This approach guarantees that all parties involved have a comprehensive understanding of the agreement and are satisfied with its contents.
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What is a corporation?A corporation is a legal entity that can enter into contracts, incur debt, and even own property. Every corporation is comprised of shareholders, directors and officers. When forming a corporation, owners transfer money, property or assets into the corporation in exchange for shares. These owners then become shareholders of the corporation and they can buy or sell their shares without affecting the existence of the corporation.
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What's a minute book?Each corporation is legally required to keep, maintain and regularly update their corporate minute book. This book is the legal history of the corproation starting from its incorporation. Each decision is recorded into the minute book which allows potential investors, the CRA and interested people (for example, a potential buyer) to assess the history of the corporation. If you need to create, re-create, or update your minute book visit our minute book page. In a minute book, you will generally find: Certificate of Incorporation Articles of Incorporation Resolutions Share Certificates Share Registry Shareholder's Register Director's Register Officer's Register
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What are Shareholders, Directors, and Officers?"Enter your answer here
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Can one person incorporate a company?Yes, one person can incorporate a company by themselves. This person will play the role of the shareholder, director and officer.
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How long does a corporation exist?A corporation can exist forever since it is a separate legal entity. It is independent from its shareholders, directors and officers. It's existence can be ended by dissolution (voluntary or involuntary).
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Do I need a lawyer to incorporate?The incorporation process requires many legal documents which are best prepared by a lawyer. You should always consult with one before incorporating to ensure you have the right and accurate documents.
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What's the difference between a named and a numbered corporation?A corporation can be incorporated using a name or let the appropriate authority provide it with a number to identify the corporation. If dealing with the public, numbered corporations will also declare a business name that they will use for their business purposes.