In its most basic form, a partnership agreement is an agreement between two or more parties and provides for an understanding of the business relationship that you have with your partners in your business. The partnership agreement will detail how the business profits will be divided amongst the partners, the rights and responsibilities of the partners, the procedures to take…
A Joint Venture (JV) is a contractual agreement entered into by two or more business entities for the purpose of a specific project or other business activity. Typically, all parties agree to share in the profits or losses of the business venture. Often the parties to the joint venture enterprise will create a separate business entity such as a corporation or…
The management of commercial real estate is of strategic importance and can provide the foundation for future growth for commercial landlords. With Canada’s economic growth on the rise, finding suitable commercial landlords or tenants ought to be the main objective of your business and project management to be our objective for you. Often at the heart of commercial tenancy is…
Your business formation is often the crucial first step towards starting and operating your successful business. At Sodagar & Company, we take the time to understand the nature of your business and help you achieve your objectives and goals. We provide strategic advice you help you in understanding the advantages and disadvantages of one type of business formation over another.…
Commercial contracts are legally binding agreements between two or more parties. The contracts usually stipulate the expected behavior between these parties in a commercial setting. Most commercial contracts are usually in written form and contain provisions for what each party or parties are to do, in short, the objective of a commercial contract is to capture the business objectives of…
Purchase or sale of a business is a complicated process for which experienced legal counsel is essential. When representing clients in such transactions, we start the process by learning as much as possible about their objectives in the transaction in order to advise them on a comprehensive set of issues ranging from business matters and financial risks to legal hurdles. …
Employment Contracts Some employees are hired pursuant to a verbal contract of employment. For others, the terms of the contract are set out in a formal agreement. Written or oral, the agreement between employer and employee is a contract. If some terms of the agreement are uncertain, then basic rights and obligations are implied at law. In addition, all…
At Sodagar & Company, we can assist you with incorporating both federally and provincially to suit your business needs. Incorporating provincially means you will be a British Columbia or other provincial corporation. You will be limited to doing business within the province in which you incorporated in, and your company will be have to comply with the applicable provincial rules…
At Sodagar & Company, we have a wide range of experience advising small to large businesses including business owners, family owned businesses and privately held corporations. We advise clients from all industries with an emphasis on professional businesses (doctors, lawyers, dentists, engineers, accountants, realtors etc.), retail businesses, franchise businesses, restaurant businesses and real estate development companies. There are several types…
At Sodagar & Company, we recognized early on that Canada has wide business appeal internationally. We provide strategic advice to international and US clients wanting to establish a presence in Canada. While there are many legal business structures available to foreign businesses wishing to conduct business in Canada, corporations are often the preferred vehicle for most businesses. Foreign businesses can…