Over 20 Years’ Experience Representing Business Law Cases in Toronto
Owning a business can be a rewarding experience, whether you are running a startup start-up or are a seasoned manager. When the time comes to sell your business or acquire a new one, the counsel of a seasoned business lawyer are is required to ensure the process runs smoothly and all actions are conducted in a fair manner.
Denise Badley has more than 20 years of experience handling business law cases in Toronto and the GTA. She can represent you for a variety of business-related cases, including:
Partnerships (standard and limited)
For-profit and non-profit businesses
Stock option agreements
Collection of debt
Intellectual property and defence
Mergers, acquisitions and amalgamations
Share and asset purchase transactions
Due diligence processes
Buying and Selling a Business
When it comes to buying and selling incorporated businesses, two primary types of transactions exist. An interested party can either buy or sell the assets of the business or its shares.
When assets are the target of the purchase, they include both tangible assets like production equipment and inventory and intangibles, such as intellectual property. In many cases, asset purchases are the preferred method for buyers because any items that are not required can be excluded from the deal and when liabilities are assessed, they remain the sole responsibility of the seller.
Although there are advantages to asset purchase deals, there are some drawbacks as well. For example, the seller may have to contend with a significantly increased tax liability, as compared to a transaction involving shares.
Sellers prefer share purchases and sales over asset deals. These kinds of transactions are simpler in nature and allow the seller to remove themselves from the corporate structure. In addition, they often have material tax benefits such as the possible application for lifetime capital gains exemptions.
Do Your Due Diligence
Business-related deals should always be approached with a high level of caution, and with the proper legal counsel close at hand. Before you engage in such a transaction, let Denise Badley step in and provide you with the legal aid you need. For more information about Denise’s business law services in Toronto, please call today to arrange for a consultation.
Child Protection Law
When you need legal representation for child protection cases, Denise is ready to help.