Company Reorganization

Corporate restructuring – simplification, expansion, division and planning for the future

Effective business strategy is essential.  As is restructuring the company to best accommodate that strategy. It enables you to assess the risks involved, minimize liabilities, and optimize tax advantages.

Granville Law Group offers practical legal advice on the inter-relationship between corporate and tax law.  Our lawyers will work with you to develop a reorganization plan that accommodates your needs. We will outline a roadmap for how you can pursue your goals in situations including:

  • Simplifying capital structure
  • Corporate divisions
  • Corporate expansion
  • Preparing for the sale of business
  • Tax optimization
  • Succession and estate planning

Aligning personal and business goals

We appreciate how much time and effort you have invested in your business.  We offer the same dedication to developing legal strategies that help you achieve your goals for the future.

We will identify how to implement your goals, how it may affect your other personal or corporate interests and what can be done to increase efficiency of the overall structure.  It may involve use of trusts, various property ownership types, developing corporate business structure to accommodate your current personal and business goals and your wishes for the future.

Let our legal team assess your business goals and needs

We will advise you on how to reorganize your business in a way that protects your corporate and personal interests. Call Granville Law Group at 604-669-6580

FAQ for Corporate Restructuring and Succession Planning

1. What is corporate restructuring?

Corporate restructuring involves reorganizing the structure of a company to improve efficiency, accommodate new strategies, reduce costs, or prepare for growth or sale. This can include simplifying capital structure, dividing the company, or expanding operations.

2. Why is succession planning important for businesses?

Succession planning ensures the continuity of business operations by preparing for the transition of leadership and ownership. It helps protect the company’s future, maintains stakeholder confidence, and provides a clear plan for passing control to successors.

3. What are the key elements of a succession plan?

Key elements include identifying potential successors, developing leadership skills, establishing a timeline for transition, addressing legal and financial considerations, and ensuring alignment with the company’s long-term goals.

4. How can tax optimization benefit corporate restructuring?

Tax optimization in corporate restructuring can minimize tax liabilities, maximize tax benefits, and ensure compliance with tax regulations. Strategies may include adjusting ownership structures, utilizing tax-efficient financing, and leveraging available tax credits and deductions.

5. What are the common methods of corporate restructuring?

Common methods include mergers and acquisitions, divestitures, spin-offs, joint ventures, and reorganizations. Each method serves different strategic purposes, such as enhancing market presence, focusing on core activities, or improving financial health.

6. How can legal advice aid in corporate restructuring and succession planning?

Legal advice ensures that restructuring and succession plans comply with legal requirements, mitigate risks, and protect the interests of the company and its stakeholders. Lawyers can provide guidance on regulatory issues, contract negotiations, and dispute resolution.

7. What role do trusts play in succession planning?

Trusts can play a significant role in succession planning by providing a mechanism for transferring assets, minimizing estate taxes, protecting assets from creditors, and ensuring that the business remains in the family or with chosen successors.