Lawyers Toronto

Corporate Commercial

Himelfarb Proszanski is a full service law firm and is committed to utilizing all available resources to provide the most comprehensive representation possible and assist clients both domestically and internationally. Our multi-disciplinary approach to providing excellent legal services allows us to better represent business clients, anticipate issues and formulate solutions, and present all options when it comes to making critical business decisions.

The firm is also a member of CONSULEGIS, an international association of law firms comprised of over 1600 lawyers located in over 40 countries around the world. In addition to increasing the firm’s reach across the globe, this affiliation provides our domestic and international business clients with a network of contacts and allows us to provide seamless representation no matter where clients or their business interests are located. Additionally, our lawyers have undergraduate and graduate degrees in business administration as well as Canada Securities Course qualification, substantially increasing the value of our legal advice to business clients.

Please feel free to contact us regarding any of the following matters:

  • Incorporation, Business Formation, Shareholder Agreements/Disputes, and Corporate Governance
  • Business Financing
  • Corporate Reorganizations
  • Business Purchases and Sales
  • Business Interruption Insurance
  • Contracts/Franchises
  • Labour and Employment Law
  • Bankruptcy and Reorganization

Incorporation, Business Formation, Shareholder Agreements/Disputes, and Corporate Governance

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.

Business Financing

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.

Corporate Reorganizations

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.

Business Purchases and Sales

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.


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.

Labour and Employment Law

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.

Bankruptcy and Reorganization

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.


Contact Himelfarb Proszanski today to find out how we can help you.

  • Tel: 1-877-820-1210
  • Fax: 416-599-3131
  • Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
  • Web:

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