SOHI LAW GROUPCorporate ReorganisationChoosing a corporate structure is an important aspect of business planning. Corporate reorganization occurs when a business owner chooses to change a business’s legal structure in order to better meet goals for development and growth.
A crucial component of business planning is selecting a corporate structure. Corporate restructuring occurs when a business owner decides to restructure a company’s legal structure in order to better achieve development and growth objectives. The laws involved in corporate restructuring have a direct impact on a company’s bottom line; with the correct processes in place, business owners can protect themselves from personal liability, lower their tax burden, and actively participate in new markets.
Sohi Law will assist you in determining the best business structure for your firm. Our corporate reorganisation lawyers may present you with solutions that take into account your business strategy and personal aspirations when we meet with you at our North Vancouver offices.
Factors To Take Into Account When Choosing A New Structure
Certain factors should be considered while deciding on the optimal legal structure for your company. One is the company’s geographic reach. If you solely operate in British Columbia, your options differ from those available if you operate in other provinces, worldwide, or aim to expand geographically.
The nature of your business may also favour one form over another; for example, a sole proprietorship or a professional corporation may be appropriate for an individual professional. Tax considerations, liability concerns, and the number of stockholders in your company will all influence the type of legal organization that is best for you.
Sohi lawyers have served as trusted advisors to a wide spectrum of North Vancouver firms. We are familiar not only with the technical requirements of the law, but also with the day-to-day realities of conducting a business in British Columbia. From this vantage point, we can advise you on the best legal course of action.
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