Best Corporate & Commercial Lawyers in Surrey

About Corporate & Commercial Law in Surrey, Canada

Corporate and commercial law in Surrey, Canada, forms the legal foundation for business operations within one of British Columbia's fastest-growing cities. These areas of law encompass the establishment, management, and dissolution of companies, as well as all commercial transactions and contracts businesses may encounter. Whether you are starting a small business, incorporating a company, or engaging in complex commercial deals, corporate and commercial law provides the rules and protections governing these activities in Surrey.

Why You May Need a Lawyer

Individuals and businesses in Surrey often require legal assistance in the corporate and commercial sector for a variety of reasons. Common situations where a lawyer’s advice can be crucial include:

• Incorporating a new business or restructuring an existing one
• Drafting, reviewing, or negotiating business contracts
• Buying or selling a business or business assets
• Resolving disputes between business partners or shareholders
• Navigating regulatory compliance, including industry-specific licensing
• Advising on commercial leases and real estate agreements
• Mergers, acquisitions, and amalgamations
• Protecting intellectual property and trade secrets
• Managing employment and contractor relationships legally
• Assisting with company dissolution, bankruptcy, or insolvency matters

A corporate and commercial lawyer can help ensure that your legal obligations are met, minimize risk, and help you avoid costly disputes or penalties.

Local Laws Overview

In Surrey, corporate and commercial activities are governed by federal Canadian laws, British Columbia provincial statutes, and municipal by-laws. Key regulatory frameworks include:

• Business Corporations Act (BC) - Outlines the formation, structure, and governance of corporate entities in British Columbia.
• Partnership Act - Regulates general and limited partnerships in the province.
• Sale of Goods Act (BC) - Governs commercial sale and purchase transactions.
• Employment Standards Act (BC) - Sets minimum standards for employment relationships within businesses.
• Personal Property Security Act (BC) - Regulates secured transactions involving personal property.
• Competition Act (Canada) - Addresses anti-competitive practices and fair business conduct at the federal level.
• Surrey Business Licence By-law - Mandates businesses to obtain a municipal business licence.

Compliance with these laws is mandatory for conducting legal and successful business operations in Surrey. Depending on your specific business or transaction, additional industry-specific legislation or sector regulations may apply.

Frequently Asked Questions

What is the difference between incorporating a business and operating as a sole proprietorship?

Incorporating a business creates a separate legal entity that can own assets, incur liabilities, and enter contracts. A sole proprietorship does not form a separate entity and the owner is personally liable for debts and obligations.

How do I register my business in Surrey?

You will need to register your business name with the BC Registry Services and apply for a municipal business licence through the City of Surrey. Incorporated businesses will also need to file incorporation documents with the provincial government.

When is a shareholder agreement necessary?

Shareholder agreements are recommended for any incorporated business with more than one shareholder. They outline ownership rights, responsibilities, and methods for resolving disputes.

Do I need a written partnership agreement?

While not legally required, a written partnership agreement helps clarify roles, contributions, profit sharing, and dispute resolution among partners.

What kind of contracts require legal review?

Many contracts benefit from legal review, including sales agreements, service contracts, employment agreements, commercial leases, joint ventures, and supplier contracts. Having an expert review can help protect your interests.

Can I transfer shares in my Surrey company to another person?

Yes, but the process must follow the company’s articles of incorporation and any existing shareholder agreement. There may also be provincial and federal securities requirements to consider.

What laws govern employment matters in my business?

Employment in Surrey is primarily regulated under the BC Employment Standards Act, the Human Rights Code, and federal legislation for certain industries. These laws set standards for wages, hours, termination, and workplace rights.

What happens if my business faces a legal dispute?

Business disputes can often be resolved through negotiation or mediation. If not, litigation in the BC Supreme Court or Small Claims Court may be necessary. A corporate lawyer can help assess your case and represent your interests.

What are my obligations for tax purposes?

Businesses in Surrey must comply with federal and provincial tax laws, including income tax, GST/PST, payroll taxes, and municipal business taxes. Failure to comply can result in penalties and interest.

How do I dissolve a business in Surrey?

Dissolving a business involves notifying creditors, filing dissolution documents with the BC government, settling debts, and cancelling your business licence. Legal advice is recommended to ensure a proper wind-down.

Additional Resources

Here are some helpful resources for corporate and commercial matters in Surrey:

• BC Registry Services - For business registration and incorporation information
• City of Surrey - Business licensing and local regulations
• Small Business BC - Guides and support for new businesses
• British Columbia Securities Commission - Information for companies issuing shares or securities
• Surrey Board of Trade - Business advocacy and networking
• BC Ministry of Jobs, Economic Development and Innovation - Resources for business development
• Canada Revenue Agency - Tax requirements for businesses

Next Steps

If you believe you need legal assistance with a corporate or commercial issue in Surrey, consider these next steps:

• Identify your specific legal needs or concerns, such as contracts, structures, or regulatory matters
• Gather any relevant documentation, including contracts, corporate records, or communications
• Reach out to a qualified corporate and commercial lawyer with experience in Surrey or the broader BC region
• Prepare your questions and desired outcomes before your consultation
• Follow your lawyer’s advice on the recommended course of action

A knowledgeable legal professional can help you understand your rights and responsibilities, protect your interests, and support the success of your business ventures in Surrey.