Incorporation and Corporate Reorganization
Thomson & Tuer can assist you in your determination, and creation of, the appropriate business vehicle for your enterprise – whether a sole proprietorship, partnership, joint venture or corporation.
If it is the right vehicle for you, corporations are legal entities and are treated as an individual. Corporations are taxed at a lower tax rate than individuals. If you operate a business it may be appropriate to incorporate. One of the benefits of incorporating is limiting the liabilities of the owners. If the business is sued the owners or Shareholders are not generally liable. In certain circumstances the Officers or Directors of a Corporation may be liable for their statutory obligations such as remitting statutory deductions to the government.
For further information regarding Incorporations contact Thomson & Tuer.
A shareholders’ agreement is an agreement among shareholders that describes how a company should be operated and outlines shareholders’ rights and obligations. The agreement also includes information on the management of the company and privileges and protection of shareholders.
For further information regarding Shareholder Agreements contact Thomson & Tuer.
Purchases and Sales
We can support in all aspects of purchase and sale of business enterprises. There are two basic methods to buy or sell a business: an asset purchase or a share purchase. An asset purchase requires the sale of the business’ assets. A share purchase requires the purchase of the shares of a company, effectively transferring the company’s assets and liabilities to the purchaser.
For further information regarding Share or Asset Purchase or Sale Agreements contact Thomson & Tuer.