Business & Corporate Law

Business Lawyer in Regina

Q: What is the difference between a share purchase and an asset purchase?

In a share purchase the buyer buys the shares of the corporation, which keeps its assets and obligations. In an asset purchase the buyer chooses specific assets to buy. Each has different tax, risk, and closing issues.

Q: How long does a business acquisition usually take?

It depends on the size of the business, the documents, financing, due diligence, negotiations, and closing conditions. Some are straightforward; others take longer.

Q: What records does a new corporation need to keep?

A corporation needs proper records including articles, by-laws, resolutions, director and shareholder information, and share records.

Q: What should be reviewed before buying a business?

Financial records, tax accounts, contracts, leases, employees, debts, licences, permits, equipment, real estate, intellectual property, and possible legal claims.

Q: How are employees handled when a business is sold?

It depends on the deal structure. Buyers and sellers may need to review employment contracts, benefits, payroll records, severance risk, and transition plans before closing.

SPS Law Group LLP provides business and corporate legal services in Regina and across Saskatchewan — incorporation, shareholder and partnership agreements, commercial contracts and leases, buying or selling a business, and ongoing corporate records. We help clients understand the documents, risks, and steps involved before they move forward.

Call +1 866 315 3612

business lawyer Regina reviewing corporate documents with a client

Starting a corporation or buying a business is a major decision. The structure you choose can affect ownership, taxes, records, risk, banking, and control of the business.

SPS Law Group LLP helps businesses and owners in Regina and Saskatchewan with incorporation, shareholder and partnership agreements, commercial contracts and leases, business purchases and sales, and the corporate records that keep a company in good standing.

Your Regina Business Lawyer

Satinder Pal Singh is a Partner at SPS Law Group LLP and a member of the Law Society of Saskatchewan. His practice includes corporate and business law alongside real estate, immigration, and civil matters, so he can help structure a company, document an agreement between owners, or handle the legal side of buying or selling a business.

Services are available in English, with Punjabi and Hindi assistance available where appropriate.

Corporate Structuring and Business Acquisition Support

Forming a corporation involves more than choosing a name and filing documents. You may need to decide whether to incorporate federally or provincially, plan the share structure, appoint directors and officers, prepare by-laws, set up records, and complete required registrations.

Buying an existing business also requires careful review. A transaction may involve shares, assets, contracts, employees, debts, taxes, licences, real estate, equipment, intellectual property, and other legal obligations.

SPS Law Group LLP assists with clear and practical legal support so clients can make informed decisions before signing documents or closing a transaction.

Business & Corporate Services

Incorporation planning and filing (federal and provincial).
Name search and business name review.
Shareholder, director, and officer structure.
Shareholder agreements and unanimous shareholder agreements.
Partnership agreements.
By-laws, resolutions, minute book, and corporate records.
Commercial contracts and business agreements.
Commercial lease review.
Share purchase and asset purchase planning.
Letters of intent and purchase agreement review.
Due diligence support before buying a business.
Selling a business and corporate reorganizations.
Annual returns, minute book maintenance, and dissolutions.

Buying or Acquiring a Business

Buying a business should be handled carefully. The buyer needs to understand what is being purchased and what risks may come with it.

An acquisition may be structured as a share purchase, asset purchase, amalgamation, management buyout, seller-financed purchase, or another transaction structure. The right structure depends on the business, the parties, tax considerations, risk, and the goals of the transaction.

Important review areas may include:

Financial records and cash flow.
Existing debts and obligations.
Contracts and leases.
Corporate records.
Employment matters.
Licences, permits, and regulatory issues.
Real estate or equipment.
Litigation or legal claims.
Tax and GST/HST considerations.

Reviewing the Business Before Closing

Due diligence means checking important information before the deal is completed. This can help a buyer understand what the business owns, what it owes, and what problems may need to be addressed.

Legal due diligence may include reviewing corporate records, contracts, intellectual property, employment matters, real estate documents, regulatory issues, and any known litigation or disputes.

Financial due diligence may include reviewing financial statements, cash flow, working capital, debt, tax filings, projections, and future capital needs.

Letters of Intent and Purchase Agreements

Many business purchases begin with a letter of intent. This document may outline the main deal terms, price or pricing method, due diligence access, confidentiality, timelines, exclusivity, and closing conditions.

The purchase agreement is usually more detailed. It may address the purchase terms, representations and warranties, indemnity, closing conditions, post-closing adjustments, employee transition matters, and other obligations between the parties.

Shareholder & Partnership Agreements

When a business has more than one owner, a written agreement helps prevent disputes later. A shareholder agreement or partnership agreement can set out ownership percentages, decision-making, what happens if an owner wants to leave, how shares or interests are valued, and how disagreements are resolved.

SPS Law Group LLP helps owners prepare and review shareholder agreements, unanimous shareholder agreements, and partnership agreements so the rules are clear before problems arise.

Commercial Contracts & Leases

Day-to-day business runs on contracts. We prepare and review commercial agreements such as service contracts, supplier agreements, and other business documents, and we review commercial leases so you understand the term, rent, responsibilities, and renewal or exit options before signing.

Selling Your Business & Ongoing Corporate Maintenance

Selling a business has many of the same steps as buying one, from the seller’s side — preparing the corporation for sale, reviewing the purchase agreement, and handling closing. We also assist with corporate reorganizations.

After incorporation, a corporation must stay in good standing. We can assist with annual returns, minute book and corporate record maintenance, share or director changes, and dissolution when a business is wound up.

Some Easy Steps To Move Ahead

Plan the Structure

We review your goal, whether you are starting a corporation, reorganizing a business, or buying an existing business. This helps identify the right documents and next steps.

Prepare and Review Documents

We assist with documents such as incorporation records, resolutions, shareholder documents, letters of intent, due diligence materials, or purchase agreements.

Complete the Setup or Transaction

We help organize the closing steps, filings, records, and post-closing matters so the business can move forward with a clearer legal structure.

SPS Law Group LLP serves clients from 806 Victoria Ave in Regina, Saskatchewan. Clients may contact the office to discuss civil law, business formation, corporate records, and business acquisition matters.For general information, you can also review Corporations Canada and the Saskatchewan Corporate Registry.

+1 866 315 3612

Monday-Friday, 9:00 a.m.-5:00 p.m.
Book a consultation for your legal matter in Regina or across Saskatchewan.

Call us now!

About Sps Law

SPS Law Group LLP serves clients in Regina and across Saskatchewan with support in criminal law, civil law, family law, immigration, real estate, wills and estates, power of attorney, and traffic ticket matters.

The firm brings multi-jurisdictional legal experience and a practical understanding of Canadian and international legal systems.

Main Services

806 Victoria Ave, Regina, SK S4N 0R5

Services are available in English, with Punjabi and Hindi assistance available where appropriate.

Appointment

Scheduling that puts time in your hands.

What is the difference between federal and provincial incorporation in Canada?

Federal incorporation can provide name protection across Canada, but the corporation may still need to register in the province or territory where it does business. Provincial incorporation is often used when a business mainly operates in one province. A business lawyer Regina clients contact can help review incorporation documents before they are filed.

What is the difference between a share purchase and an asset purchase?

In a share purchase, the buyer usually buys the shares of the corporation. The corporation continues to own its assets and obligations. In an asset purchase, the buyer chooses specific business assets to buy. Each structure can have different tax, risk, contract, and closing issues.

How long does a business acquisition usually take?

The timeline depends on the size of the business, the documents involved, financing, due diligence, negotiations, and closing conditions. Some transactions are straightforward, while others need more time because of contracts, employees, property, financing, or regulatory review.

What records does a new corporation need to keep?

A corporation normally needs proper corporate records, including articles, by-laws, resolutions, director and shareholder information, share records, and other required documents. SPS Law Group LLP provides business lawyer Regina services for business formation, corporate records, and acquisition planning.

What should be reviewed before buying a business?

Important review areas may include financial records, tax accounts, contracts, leases, employees, debts, licences, permits, equipment, real estate, intellectual property, and possible legal claims. A careful review can help identify risks before closing.

How are employees handled when a business is sold?

Employee matters depend on the deal structure and the facts of the transaction. Buyers and sellers may need to review employment contracts, benefits, payroll records, severance risk, and transition plans before closing.

Do I need a shareholder agreement if I own the company with others?

It is strongly recommended. A shareholder or partnership agreement sets out ownership, decision-making, what happens if an owner leaves, how interests are valued, and how disputes are handled. Putting it in place early can prevent costly disagreements later.

Can you review a commercial lease or business contract before I sign?

Yes. SPS Law Group LLP reviews commercial leases and business contracts so you understand the key terms, obligations, and risks, and we can suggest changes before you sign.