As a business owner, you understand the value of investing time and resources into securing the stability of your enterprise. Having great business partners is a significant step towards achieving that goal. However, it is equally important to define your business relationship with your fellow shareholders to ensure a seamless and cohesive partnership.
At Astre Legal, we recognize the importance of a well-defined shareholders' agreement tailored to your specific business needs. We will work closely with you to understand your business goals and vision, discussing the critical terms and helping you think through potential scenarios that may arise.
With our customized shareholders' agreement in place, you and your business partners can focus on driving growth and achieving success without any ambiguity or uncertainty. Trust us to provide you with the support and guidance you need to protect your business interests and foster a mutually beneficial relationship with your shareholders.
Let us help you secure the stability and success of your business partnership today. Contact us to schedule a consultation and get started on a customized shareholders' agreement tailored to your specific business needs.
Key considerations for shareholders' agreement
Our corporate law firm can expertly help you navigate the complexities of shareholders' agreements, ensuring that your business interests are protected.
At the heart of any successful corporation is a well-structured shareholders' agreement. This document outlines the relationship between shareholders, and helps to establish expectations and boundaries from the outset. At Astre Legal, we can guide you through the process, helping you to determine issues such as share allocation, contributions, and profit sharing arrangements.
It's important to ensure that all parties involved are aware of the potential risks and challenges that can arise over time. This includes scenarios such as disputes, the death or disability of a shareholder, or the dissolution of the corporation itself. By addressing these issues proactively, you can minimize the likelihood of future conflicts or disruptions
We can assist you in crafting a comprehensive shareholders' agreement that reflects the unique needs and goals of your corporation. With our help, you can be confident that your business interests are protected and that you have a solid foundation for long-term success. Book a consultation to get started.
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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.