There are many different ways you can set up a new business, but which one is the right way? Often, there is no right or wrong way, just the best way depending on your unique situation and that is where we can help.
We can advise on the best way to organize your new business entity, including whether or not it is a good idea to incorporate or not. We can work to ensure that all of the necessary agreements and registrations are filed properly to eliminate any unnecessary confusion and headaches later on. We have a strong network of knowledgeable and experienced professionals such as accountants, financial advisors and other valuable and trustworthy business professionals that we can engage to build out the best professional team for your business. We also advise directors, officers and shareholders of the business on their duties, obligations, rights and remedies.
Businesses naturally evolve over time and we will periodically review the legal documents and agreements to make sure that they evolve accordingly. If the business purchases or sells assets (including parts of itself or other business) we can facilitate the transaction to ensure it is processed effectively and efficiently.
Our business planning services naturally lead into our wills and estate planning services. Since the monetary values associated with business ownership are so much higher, we carefully consider and address how one’s estate will be handled in the event of death. Visit our wills and estate planning page to learn more.
Tax Planning and Litigation
One of the biggest differences between the legal team at OFORI LAW and other business lawyers is our strong background in tax planning and our ability to save businesses significant amounts of money through strategic tax planning and management. We can work with your senior business management team to understand your present situation and the future goals of your business and create a sound strategic plan to maximize shareholder value. We will then work with your financial operations team to make sure that the plan is implemented and your goals are met!
From time to time, even the most diligent of businesses find themselves having to answer to the Canada Revenue Agency. If you find yourself in this predicament, don’t worry – give us a call, we can help! We have a wealth of knowledge and experience in tax litigation and we are proud of our successful track record. We can successfully navigate you through the dispute resolution process and more often than not negotiate a settlement with CRA that includes either a lower payment, a favourable payment schedule, or both. If necessary, we can continue the engagement through the tax litigation process and, if necessary, through the appeal process. Nobody likes paying taxes and we fight to make sure our clients don’t pay any more taxes than they have to!
If you would like to connect with one of our expert business and tax planning experts, call us at 647.802.1819 or complete the form on our contact us page and we’ll quickly get in touch with you.