Business law, commercial law and commercial leases PDF Print E-mail
1. Q: How much does it cost to set up a company? A. You must pay the legal fees and the government charges which vary from Province to Province. There are different charges for a federal corporation. There would be separate charges for a shareholders’ agreement ( recommended if there is more than one shareholder), for an asset purchase agreement ( if the corporation is acquiring the shareholder’s business ) or if a minute book or seal is required.


2. Q: I want to buy a business, how much do you charge for a transaction?

A: It depends on whether it is a purchase of assets or shares. Do we prepare the offer? How is it being financed? Are there licenses to be transferred and employees to be assumed? Are the premises owned or leased? Are there current outstanding financial obligations? And other questions. Each transaction depends on its own circumstances.


Note: The information provided above does not constitute legal advice; it is for reference only and each case is and should be treated individually by a qualified lawyer.

 
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