What They Can Do For You - Business Lawyers

Business lawyers and attorneys can advise you on how to properly structure your business, (be it through a sole proprietorship, partnership, joint venture, corporation), on how to deal with disputes that may have arisen during the course of your business operations, or on how to dissolve the business. With respect to the latter, it is worth mentioning that I have and am dealing with a number of business dissolution here in Toronto (it may be the poor economic times?). There are a number of issues which come up which you may not realize (i.e. unless you're a lawyer and you are trained on and deal with these things regularly). Typically, these issues include:

* Division of business assets.

* Responsibility for business liabilities - particularly the lease, supplier agreements, employment agreements, and tax obligations.

* Preparing the necessary paperwork (e.g. bookkeeping, taxes, government forms) to dissolve the business.

* Ensuring compliance with the business' internal documents (e.g. partnership agreement, corporate by-laws and resolutions, shareholder agreements, and articles of incorporation, etc.).

* Informing customers (both past and present), employees, and other stakeholders of what is happening with the business.

At the end of the day, you will likely need a number of documents and agreements prepared by a business lawyer in order to help oversee the business dissolution. For example, you should have a lawyer explain the various options and then draft some type of dissolution agreement for all the parties to sign off on. Next, you may need your lawyer to draft and/or negotiate terminate and release of liability agreements for landlords and suppliers, etc. Finally, your lawyer may be called upon to prepare the government forms to submit in order to dissolve the corporation. Finally, if business partners take issue with and dispute the steps along the way towards dissolution, then lawyers may be also called upon to try to negotiate a settlement or resolve the issues through litigation.

In any event, you should definitely consult a business lawyer before trying to do any of these things yourself. Doing so will save you time, money and aggravation in the long run and make sure that your rights are protected and your interests

Business lawyers and attorneys can also help you understand your legal rights and obligations with respect to your business. They can tell you if a particular course of action could be challenged by (1) breaching a private contract, (2) giving rise to a possible tort liability, and/or (3) violating a statute or regulation established by the government.

Source: Ezinearticles

Facts to be considered while hiring any such Canadian law firm

It has become a common practice for individuals, businesses and organizations to hire a law firm to deal with various legal issues in their lives. It is important that when you plan to hire one, you need to be sure whether it is capable of carrying out your best interest and is competent enough to help you win your legal battle.

In Toronto and the GTA, in the Province of Ontario, Canada there are many law firms with good reputation that can give you dedicated and cost-effective services. So you have to take care of many things while choosing any such firms. In other words, certain important factors have to be kept in mind while making a selection of any such firm.

Experience plays an important role and should be considered as a major point while taking any such decision.You can ask for the results of the cases that have been handled by the law firm in the past or get the information about the number of cases won by the firm. Law firms which possess knowledgeable and expert attorneys are always noted for their excellence. Thus, opt for such firms as they will be able to provide you innovative legal solutions in the areas that you need legal assistance. The lawyers in the law firm should be able to provide creative solutions for your legal problems and should be capable of helping you out of any business transaction or litigation problem, no matter how sophisticated and complex the legal issues may be. The next point to be considered is the clarity. The firm you hire should be able to tell you all about the minute details of your legal process which you may not know while filing litigation. These little things if properly implemented can help you in your legal process. The firm should also be able to provide regular feed backs about the ongoing process. A properly trained staff, having enough knowledge and experience in the area can surely help you win the case.