If you are looking into advancing a small business already in operation or starting a new business, Lak Law Firm can help you to a good start. We can provide you with advice and assistance on the following:

  • Sole Proprietorships
  • Partnerships and Partnership Agreements
  • Incorporation, Minute book organization and Shareholder Agreements
  • Registering Business Names

In 2001 relevant legislation and regulations were passed which enabled members of the below professions to Incorporate as a Professional Corporation:

  • Chartered Accountants, Certified General Accounts, and Lawyers
  • Health, Medical and Dental Professionals under the Regulated Health Professionals Act
  • Social and Social Service Workers
  • Veterinarians

Incorporating your professional corporation can provide you with many financial advantages.  Lak Law Firm can help you incorporate your practice and make sure your professional corporation is aligned with the regulatory requirements of the governing licensing body of your profession. We can guide you through the process by providing the following services:

  • Setting up a share capital structure that meets your specific situation
  • Selecting an appropriate name for your corporation
  • Incorporating and filing required documents with the government
  • Applying for a certificate of authorization from the governing licensing body of your profession
  • Organizing a Minute Book
  • Applying for a certificate of authorization

If you are thinking about buying or selling a business, specifically if you are dentist and are looking into buying dental offices, Lak Law Firm can help you. The decision to buy, sell or expand your business is a very exciting one; but this is also a big decision to make, with many points for you to consider. Lak Law Firm can walk you through the process by offering advice on:

  • The pros and cons of buying and selling the assets of a business versus the shares of a business
  • Negotiation and preparation of lease assignments usually associated with the purchase or sale of a business
  • Required searches and due diligence for purchasing a business
  • Negotiation and preparation of the Letter of Intention and purchase or sale agreements
  • preparation of closing documentation
  • finalizing the transaction by transferring of funds and exchanging of the required documentations
  • walking you through the post-closing matters

Note: Lak Law Firm will not provide you with any advises regarding the tax or environmental matters which might be very important to your business transactions. We advise that you consult with the related professionals before entering into any purchase and sale agreement.