Business and Corporate Law

Whether you are a startup or large enterprise, Donna Purcell QC Law’s business and corporate team have the expertise to handle your documents and transactions. We can assist everywhere from simple transactions, including incorporation, asset and share sales, restructuring, and share and loan issuance, to complex transactions, including mergers and acquisitions and complex leases, contracts and negotiations.

 

Book Your Appointment Now

IT'S EASY TO WORK WITH US

Our team is dedicated to providing personalized legal solutions that meet the unique needs of each client. We build strong relationships with our clients based on trust, communication, and a commitment to achieving your goals.

Book Your Appointment Now

Schedule an Appointment Initial

Initial consultation can be virtual or in-person

Setup Your File

If we are a good fit to work together, we have a quick intake process before we can get started

Review and Planning

Meet in-person or virtually with us to review needs and options

Draft Your Documents

We produce initial drafts of all documents to review and finalize with you before signing

Frequently Asked Questions

* This information is not legal advice and should not be relied on without speaking to a lawyer.

Do I have to attend in person?

You can meet with us in person or virtually via Zoom – it’s your choice. Whatever you choose, we will adjust to meet your needs and comfort level.

Tell me about your fees

We work hard to make our pricing competitive and transparent. Our website outlines our typical fees for straightforward transactions. For more complicated transactions, we will provide you with a no-obligation estimate at the end of your first meeting. See our Terms of Use for more information.

What's the process?

We make protecting your online presence simple:

  • Click Book Now or call us at 1-833- DPQCLAW to book a virtual or in person appointment.
  • We’ll email you a brief Intake Form to complete before your appointment. This helps us make your appointment more valuable to you. Complete the form online or call us and we’ll go through it with you.
  • At your appointment we learn more about you and your wishes and help you understand your options and costs.
  • If you wish to move forward, we start drafting your documents for you to review.
  • Once you are satisfied, we meet one last time to sign all your documents. Your documents are now legally enforceable! You can rest easy knowing your loved ones are taken care of.

Do I need to extra-provincially register?

An extra-provincial corporation is a corporation that is not registered under the local provincial legislation.

An extra-provincial corporation in Alberta is one that:

  • solicits business in Alberta,
  • has its name, or any name under which it carries on business, is listed in an Alberta telephone directory or appears in any advertisement with an Alberta address,
  • has a resident agent, representative, warehouse, office or place of business in Alberta,
  • is licensed or registered, or required
  • to be licensed or registered, under any Act of Alberta allowing it to carry on business, or
  • it owns land in Alberta


If your business falls under any of those categories, you must extra-provincially register to comply with the Alberta Business Corporation’s Act.

What are simple vs. complex transactions?

A simplex transaction is a one-off transaction that can be completed by one of our more junior staff.

Complex transactions, on the other hand, are multi-stage transactions that requires a more senior lawyer’s expertise. A complex transaction could be, for example, the purchase of a business that requires multiple stages, including conveyancing of the business property, conveyancing the assets, transferring shares, reviewing and negotiating contracts and leases, settling inventories, and more.

How does contract review work?

Prior to your meeting, a lawyer will review your contract at their billable hour. At your meeting, the lawyer will explain the contract to you, highlighting any risks, red flags, or considerations you should be aware of before signing. If a re-draft is needed, and with your instructions, a new contract will be drafted at the lawyers’ hourly rate.

How should I organize my business?

You may organize as a sole proprietorship, partnership, or corporation, described in detail below. There is no one-size-fits-all business model. There may be advantages and disadvantages to each, depending on your particular circumstances. Your needs may change as your business changes and your exposure to liabilities increase.

Should I stay a sole proprietor?

The sole proprietorship is the most simple and straightforward business organization. In a sole proprietorship, the business and the operator are one and the same. The sole proprietor has full control over the business and its operations. All contracts are entered into personally by the proprietor and the proprietor is personally liable for debts incurred by the business.

The main advantages of sole proprietorship are that they are relatively simple, flexible and start-up costs are minimal. In addition, the revenues earned by the business are not shared among partners or the corporation. This comes with tax implications, including paying taxes at the higher personal tax rate rather than the lower business tax rate.

If you are just starting out, you may consider staying a sole proprietor. As the business grows, and your liability exposure increases, you should consider a partnership or incorporation.

What is a partnership?

A partnership is the relationship that exists between persons carrying on business in common with a view to profit. In Alberta, the Partnership Act sets out the legal framework for this business organization.

A partnership comes with the main advantages of sharing costs, clients, and business with your partners. The major disadvantage of the partnership is that there is the potential for liability incurred by the partners. In a partnership, there is joint and several liability with all the other partners for the debts and obligations of the partnership incurred while that person was a partner. It is therefore very important that you can trust your partners because each and every partner has the power and authority to bind the other partners.

It is possible in some circumstances to register as a Limited Liability Partnerships (LLP), which is available to professions such as accounting or law. In an LLP, partners are not liable for the acts of their fellow partners unless they were involved in a negligent act themselves.

What is a corporation?

A corporation is a more complex legal entity, creating a separate person in the eyes of the law from their founder. In Alberta, a corporation can be incorporated under the Companies Act, the Business Corporation’s Act (Alberta) or the Business Corporation’s Act (Canada).

There are several advantages of incorporation over sole proprietorship and partnership. Perhaps the greatest advantage is that, as the corporation is a separate legal entity, it attracts its own liability. The founders’ personal assets are therefore protected from creditors and lawsuits. There are also tax advantages to incorporation, including paying at the lower corporate tax rate. A corporation also has a perpetual existence and will continue to operate even after their founder dies.

A special type of corporation is the Professional Corporation. A Professional Corporation is a separate entity at law and can engage in things such as holding property, entering into contracts and hiring employees. A professional corporation must be registered with the Corporate Registry of Service Alberta and is only available for certain permitted professions, requiring an endorsement from the profession’s governing body.

Should I be a not-for-profit?

You should organize as a not-for-profit (NFP) if your organization has a purely social or charitable purpose. With a NFP, the directors and managers cannot derive any private benefit from the organization. NFPs, quite literally, cannot make a profit, nor sell shares, declare dividends, or sell the organization to a buyer.

You may want to further consider registering as a charity. With charitable status, your organization can take donations and issue charitable receipts.

READ THE LATEST NEWS FROM OUR FIRM

Read Our Blog

PRICING

* Note that listed pricing is for basic estates only. Please see the Terms of Service for more information.

Best Offer

Incorporation Bundle

$1,999

plus GST

What it includes:

  • Initial Consultation
  • NUANS Search
  • Federal Incorporation
  • Provincial Registration
  • Bylaws and Virtual Minutebook
  • 1-year Annual Returns

Alberta Incorporation

$1250

plus GST

What it includes:

  • Initial Consultation
  • NUANS Search
  • Provincial Registration
  • Bylaws and Virtual Minutebook
  • 1-year Annual Returns

Not-for-Profit Incorporation

$1250

plus GST

What it includes:

  • Initial Consultation
  • NUANS Search
  • Not-For-Profit Incorporation
  • Bylaws and Virtual Minutebook
  • 1-year Annual Returns

Extra Provincial Registration

$575

plus GST

What it includes:

  • Registration Fees
  • Extra Provincial Incorporation

Annual Returns

$375

plus GST

What it includes:

  • Registration Fees
  • Act as Registered Office
  • File Annual Returns Electronically

Corporate Transactions

Contact For A Quote

plus GST

What it includes:

  • Asset and Share Sale and Purchase
  • Restructuring
  • Share and Loan Issuance
  • Mergers & Acquisitions
  • Leases
  • Shareholder Agreements

Contract Review & Negotiation

$250

plus GST

What it includes:

  • Review Contracts
  • Rewrite Contracts
  • Attend Negotiations

BOOK A CONSULTATION CALL WITH OUR LEGAL TEAM

Talk to a member of the Donna Purcell QC Law team to learn more about our services.

Virtual Consultation with Julian Dobre

Both you and your lawyer will meet virtually for your initial consultation.

Book A Consultation >

Virtual Consultation with Ronke Omorodion

Both you and your lawyer will meet virtually for your initial consultation.

Book A Consultation >
General Inquiry
Tell us who you are and how we can get in touch with you.
What area of law are you are needing support with?
How can we help you?
Do not send details and/or confidential information/records about your case by email or other electronic means. We will not review forwarded information, or provide advice until you are accepted as our client. The content of this website is provided for informational purposes only and should not be taken as legal advice. Any email correspondence to Donna Purcell QC Law is for information only until you are accepted as our client. You should first seek legal/professional advice from someone retained to represent you before taking action regarding your matter.
Request A Call Back Now
Tell us who you are and how we can get in touch with you.
When is the best time to call you back?
Tell us what you’d like to talk about so we can have the right member of our team call you back.