We provide services in relation to incorporating federal and provincial companies and provide strategic advice regarding director and officer responsibilities and obligations. In addition, our lawyers negotiate and draft shareholder agreements and provide succession planning and exit strategy advice. We also provide sound legal advice on and draft all necessary documentation for the creation of alternate business entitles such as, joint ventures, co-ownership, partnerships, non-profit corporations, and limited liability partnerships. In the event of a shareholders’ dispute, we can offer objectively creative options and alternatives to resolve the dispute and minimize costs to our clients. We also provide numerous services and valuable advice with respect to the organization, governance, and dissolution of not-for-profit and charitable organizations.

We assist in corporate reorganizations, including mergers and acquisitions, share purchases and sales, corporate amalgamations, Section 85 and Section 86 Income Tax Act reorganizations, rollovers, estate freezes, and share exchange transactions.

Businesses, franchisers and franchisees are not immune to unforeseen disasters impacting their operations’ income.

Business interruption insurance, also known as business income insurance, is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster.

What does business interruption insurance cover?

• Business Interruption policies cover income losses during a disaster related closing of a business.
• Bricks and mortar businesses can be disrupted by flood, fire, windstorm, ice storm, etc.

Why you need a Business Interruption Insurance Policy that fits your needs?

Insurance is a license to sue; let’s get you, our client, the best policy up front so that later the insurer recognizes a payout is the only solution to the claim. You buy business interruption insurance so that your business can survive during an extended shut down outside your control. Our goal is to get you the funds during that shutdown so that you can keep key employees and customers in place during your time of need.

How Himelfarb Proszanski can help your business?

Our compliance review will consider covenant and other contractual obligations as well as explore areas that help focus the policy to your specific requirements. So that later, if it is necessary to make a claim, you are best positioned to recover losses, including if necessary through the courts.

We can help file the claim, in conjunction with our client’s insurance broker and then if necessary enforce the claim through the courts, if the insurer refuses to respond.

For the insurance companies, our process helps the insurer know the risk insured up front, to avoid surprises for everyone later.

Contact us today to learn more about how we can help protect your business.

For clients, we handle corporate restructurings pursuant to the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act. Acting on behalf of borrowers, the firm has developed unique skills in negotiating forbearance agreements with creditors to delay the exercise of security so that clients can continue operations with a view towards restructuring in a profitable manner.

Our lawyers provide comprehensive advice with respect to all aspects of the purchase and sale of a business. We have negotiated and prepared agreements of purchase for the sale of assets and shares, and have provided tax advice and negotiation services with third parties to facilitate the completion of the transaction. We also prepare all necessary documents to complete purchase and sale transactions, and attend to closing of the transactions.

Himelfarb Proszanski provides competent advice and expertly prepares all necessary documentation with respect to all aspects of business financing, including security agreements and registrations pursuant to the Personal Property Security Act, equipment lease agreements, factoring transactions, and debenture financing transactions. Our strategic advice and recommendations on the structuring of transactions helps minimize risks for institutional and private lenders. We also advise borrowers on their individual financing requirements, use our experience to negotiate terms of loans and security documents, and seamlessly facilitate financing transactions between lenders and borrowers.

The Corporate Commercial Law Group of Himelfarb Proszanski has developed specific expertise in the preparation of all types of contracts including, contracts involving sales of goods, joint venture agreements, co-ownership agreements, business combination agreements, non-disclosure and confidentiality agreements, licensing agreements, distribution agreements, and intellectual property contracts regarding matters such as trademarks, copyright, and re­seller agreements. In addition, we advise both franchisors and franchisees with respect to all aspects of franchise law, including disclosure obligations pursuant to the Arthur Wishart Act. We also are highly qualified to advise clients in the field of privacy and have prepared PIPEDA compliant privacy policies for numerous businesses.

Given the Firm’s diverse client base, we have extensive knowledge in all aspects of employment law and regularly advise corporate clients and individuals in their legal rights and obligations. We have acted on matters with respect to Employment Standards Act compliance, employee termination, human rights issues, short and long term disability matters, and severance agreement matters.