More and more, the numerous companies that are setting up in Montreal are looking for a legal professional to meet their legal needs, whether at the time of business startup or for its ongoing activities.
Access to a business law attorney in Montreal is not however limited to large companies in the city. Indeed, it is also possible for individual businesses and SMEs to hire a lawyer to assist them with any questions related to their business.
However, the field of business law is a broad branch in legal practice and therefore, it is important to hire a lawyer who will be able to assist you throughout the procedures.
Fortunately, JuriGo has many partners specialized in business law in Montreal who are ready to help you and meet all your needs. All you have to do is fill out the free form!
How much does a business lawyer in Montreal cost?
The business law specialist is one of the legal professionals who offers the widest range of services to his clients. Indeed, because of their multiple knowledge, corporate lawyers will be able to intervene in many situations to assist you.
Specifically, it will be possible for the latter to help you if you wish to:
- Start a business in Quebec,
- Keep your corporate books up to date,
- Sell your business , or
- Settle a commercial dispute.
The great versatility of these lawyers is a major advantage for the many businesses in Quebec. However, this advantage also comes with a significant downside: these lawyers tend to be expensive.
In 2023, the average hourly rate of a business lawyer was $200/hour. However, some will charge hourly rates exceeding $500. In order to determine the cost of services offered by business lawyers , several factors will need to be taken into account.
For example, the complexity of your case could increase the cost of services. This will also be the case if you choose a lawyer with greater experience in the legal field.
Also, choosing a lawyer in the Montreal area, regardless of their field of practice, will have the effect of increasing the costs associated with legal services. In Quebec, Montreal is the administrative region with the highest hourly rate for business lawyers.
This is mainly due to the fact that large law firms are located in the metropolis and therefore, they offer very high salaries to their lawyers.
Business Law Attorney - How to Incorporate Your Business in Montreal?
Making the decision to incorporate your business is a significant but also very stressful step. Indeed, for many, incorporating a business is not necessarily the obvious choice, and therefore it is highly recommended to consult a lawyer who will be able to guide you properly and offer you all the alternatives.
What is incorporation? It is the process by which a business becomes a corporation. Normally, it will previously be a partnership or a sole proprietorship.
Thanks to this process, the business will obtain its own legal personality and therefore, it will be able to perform certain actions on its own. Consequently, in the event of an offense committed by the incorporated company, it will be this company whose liability will be engaged and not the administrators.
This limited liability will also apply to all matters relating to the company's debts. Thus, all issues related to your company's insolvency do not affect the assets of its administrators.
Also, when an entrepreneur decides to incorporate a company, it offers many advantages from a tax perspective. One of the main ones is that the tax rate for corporations is much lower than for partnerships.
| Important! If you decide to sell your corporation, you may be able to receive a tax exemption on the gains on the first $866,912 that come directly from the sale. |
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However, there are also certain disadvantages associated with incorporating your business. Mainly, a corporation is necessarily a more complex business structure and significant costs are associated with administrative and legal procedures.
At the time of incorporation, you will have to comply with numerous rules and draft several legal documents. Fortunately, this is where a business law attorney can help you.
Notably, if you decide to incorporate your business, the lawyer can help you with some crucial steps, including:
- Establishing share capital,
- Choosing your business name,
- Issuing shares, and
- Appointing directors.
In all the steps of the process, several rules structure these important stages of incorporating your business. In addition, the right to offer services regarding the incorporation process is reserved for the legal profession in Quebec.
So, if you're in the market for a good lawyer for yourself, it's better to contact JuriGo right now to find your business law attorney in Montreal thanks to the online form.
The help of a business law attorney in case of a business sale!
Eventually, in the life of a business, you may come to a point where you want to sell it in order to take advantage of your investment or simply transfer the company to your children or another person.
This is a process that may seem complex to many, but for the business law attorney, it's a procedure they have likely carried out dozens of times.
However, even for the legal professional, the transaction of a business remains a more complex operation than the simple sale of a house, mainly due to the additional steps that will inevitably have to be carried out by both parties of the transaction.
If you decide to sell your company, the first question to ask is whether you are proceeding with the sale of assets or the sale of shares. Even though the majority of transactions carried out are share sales, mainly due to tax advantages, both options offer certain interesting advantages.
In the process of selling a business, the business law attorney will collaborate with many professionals to carry out the process on your behalf. Specifically, he will call on tax specialists, notaries, and accountants.
Moreover, the lawyer will personally take care of some key steps in the process of selling a business, namely
- The due diligence,
- The evaluation of the company's value,
- Negotiations with interested parties, and
- The drafting of the sales contract.
In all these steps, it will be necessary for the lawyer to ensure that your interests are fairly represented to avoid any unfortunate situation that could potentially cost you dearly.
Fortunately, the lawyers of the JuriGo network specialized in business law will be able to assist you from A to Z in the process of selling your business. Contact us now to be put in touch with a legal expert!
Looking for a business law attorney in Montreal?
In order to do business with the best business law attorney in Montreal, several criteria need to be taken into account, including the size of your company. Indeed, in some cases, it will be necessary to call on a large law firm to meet all your needs.
However, if this is the case, you will also have to be ready to pay the substantial amount for the service provided by it. When your company is smaller, an SME for example, several other options are available to you.
You will also need to consider the expertise of the lawyer you wish to hire in relation to the industry in which you operate. Several customs exist in multiple industry options and therefore, having a lawyer able to understand those of your company will be a great advantage.
To find a business law attorney in Montreal, all you have to do is fill out the free JuriGo form without any obligation on your part!