Trusted Business & Corporate Lawyers

Facing Any Legal Or Commercial Problem With Your Business? Or Need Help In Starting Up Your Business?

  • Incorporations and business advisory
  • Shareholder agreements and other business contracts
  • Business purchase and sale
  • Corporate records and shareholder disputes
Years of
experience
About Us

Experienced business & corporate lawyers

Lamba Law is a GTA-based law firm specializing in corporate-commercial and real estate law. We cater to startups, established businesses, and investors in the Greater Toronto Area, offering top-tier legal services at competitive rates. Our expertise spans various business law areas, including acquisitions, franchising, business structuring, partnerships, commercial contracts, and more.

Our approach is modern and client-centered, emphasizing long-term relationships. We prioritize understanding your priorities and business to deliver tailored solutions and preempt legal issues. Our aim is to help you grow, protect, and manage your business. At Lamba Law, every client and matter is treated with utmost priority, guided by our core values of honesty, integrity, and competency.

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Why choose us?

Experienced & Knowledgeable Lawyers

Affordable & Competitive Pricing

Convenient Payment Options

Efficient & Responsive Firm

Faq's

Frequently asked questions

Looking for answers to Business & Corporate Law questions? We provide answers to our most frequently asked questions or contact us for all your legal needs!

As an individual, you don't need to register a business name – you can always conduct business under your personal name. The incorporation of a business does have certain benefits though. Business names are useful for marketing purposes, and also allow you to accept and make payments with your bank under a business name. More importantly, incorporation protects your assets personally from legal liability.

For the most part, it's just a preference. The federal, however, gives your business increased business name protection and wider rights to conduct business. You may also opt for federal incorporation if you plan on conducting operations in multiple provinces or simply extra provincially register your province corporation in other provinces.

The biggest advantage of incorporation is limited liability for shareholders. Under law, a corporation is considered to be a legal person that is distinct from the shareholders who own it. This means that individual shareholders are not personally liable for the debts and obligations of the corporation. If a corporation fails, the shareholders will lose the amount of equity invested with their shares. One disadvantage of a corporation is that income is taxed at two levels: first on income for the corporate entity, and then at the shareholder level where shareholders are taxed on any dividends they have received.

No, a shareholder does not have to be 18 or older. However, you should be careful, as the laws regarding underage shareholders may be complex. If you plan to list someone under the age of 18 as a shareholder.

Yes, a director can be appointed to any office of the corporation, and can also hold shares of the company.
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