At Ghai Law, we have helped many business owners, shareholders, and company directors with their legal battles. We bring both strong advice and proven courtroom skills to handle your legal needs.

As well-known business lawyers in Toronto, we handle every type of business law matter. Our work includes helping with shareholder disputes, business partnerships, court cases, and corporate law. We also bring legal and strategic know-how to guide companies through mergers and buyouts, company reorganizations, major business deals, company leadership duties, financial reporting, and business structures.

We can stand by your side whether you need to defend against or start a legal case under the Ontario Business Corporations Act (“OBCA”). We help clients get court orders to stop others from breaking their duties or violating business agreements and employment contracts.

Company Law, Shareholder Disputes, Piercing the Corporate Veil

In Ontario, a corporation works as its own legal body. It can take others to court, face lawsuits, own property, and must pay taxes. People create corporations for many reasons, mainly to protect their personal assets. While officers and directors run the corporation, the shareholders own it. In some cases, directors may have to answer for the company’s actions.

Many times, two or more people join forces to run a business. They each bring their own skills and often put in both work and money to build a successful company. Sometimes, one person acts as the money partner, staying in the background while providing funds to run the business. All parties come together hoping to create a winning business.

However, just like marriages can end, business partners sometimes need legal help to split up fairly. In Ontario, the Business Corporations Act governs all corporations. This law gives important rights to shareholders, directors, and even people the company owes money to. They can use these rights to fix things when they believe something wrong has happened.

Sometimes, someone who is owed money can reach past the company shield and hold individual people responsible for certain debts.

We welcome your questions and stand ready to advise you about your rights in any area of business law, commercial law, or corporate law.