When starting a business, one of the first decisions you must make is whether you want to incorporate your business or not. When a company incorporates, it becomes its own legal business structure set apart from the individuals who founded the business. Incorporating a business has a significant effect on liability, control, tax status, and financial working. At VLO, we help you take this decision in a fully informed manner and complete your incorporation procedure by completing all required compliances.  We have the knowledge and experience to advise you on the best method of business arrangement from both a Legal and Tax perspective.

An acquisition occurs when one company purchases another or when one individual purchases the assets or shares of another business. The acquiring company takes over the assets, or shares of the target or purchased company. Whether to buy the assets, or the shares is a tax-driven question and because Rajesh Vashishtha also provides tax planning, and advice, we are in a perfect position to advise you.

We assist clients with the purchase or sale of a business. Whether you are looking to acquire an ongoing business, or divest yourself from a business which you have built up and are prepared to exit, our team of corporate and tax lawyers have the knowledge and capabilities to assist with your commercial transaction. Give us a call today!

Have you incorporated but are unsure of how the law requires you to maintain your books and records? Under the Ontario Business Corporations Act, or the Canada Business Corporations Act, a corporation must prepare annual resolutions of the shareholders and directors to approve the annual financial statements. On an annual basis, we review the financial statements and balance sheets of a corporation and prepare annual resolutions approving of these statements as required by the governing legislation. These annual corporate resolutions often include resolutions authorizing the payment of capital dividends from the non-taxable portion of a corporations capital gains, eligible dividends extracted from a corporations General Rate Income Pool (GRIP), share redemptions, management bonuses and other forms of year-end resolutions in order to extract retained earnings from the corporation in the most tax efficient manner.

Our lawyers also negotiate and draft shareholder agreements and provide succession planning and exit strategy advice. In the event of a shareholders’ dispute, we can offer objectively creative options and alternatives to resolve the dispute and minimize costs to our clients. We also provide numerous services and valuable advice with respect to the organization, governance, and dissolution of corporations.

Are you looking to reorganize your company? Do you have losses in one company, and profits in another? Vashishtha Law Office can assist with reorganizing your company so that we minimize your tax obligations

We work with business clients and their accountants to ensure that the current corporate structure of a business provides the most flexibility and efficiency for compensating shareholders and minimizing tax liabilities.

A merger is the combination of two separate companies into a new enterprise. This can occur by way of a share transfer or sale, or by way of an amalgamation of two or more corporate entities. The two original companies cease to exist as separate businesses and instead continue to run as a single entity. Amalgamations and other mergers can be either business or tax driven. That is, two related or unrelated corporations can choose to do business as one entity for ease of business relations, or two entities can merge because of the reduced tax liabilities.

 Our multi-disciplinary approach to providing excellent legal services allows us to better represent business clients, anticipate issues, and formulate solutions, while presenting all options when it comes to making critical business decisions. If you are thinking about a merger, give us a call today!