Frequently Asked Questions
Get answers to common questions about corporate law, mergers & acquisitions, business formation, and more. Browse by topic or search all FAQs.
How much does a consultation cost?
Initial consultations are $250 + GST for up to one hour. This allows us to understand your situation, provide initial guidance, and determine how we can help.
What areas of law does Gusto Law practice?
We focus on corporate and commercial law for established businesses. Our core services include mergers & acquisitions, fractional general counsel, business formation, corporate & commercial law, dispute resolution, and joint ventures.
Do you work with startups?
While we welcome businesses at all stages, our practice is focused on established businesses navigating growth, transactions, and complex commercial matters. If you are a startup with straightforward incorporation needs, we can help—but our sweet spot is businesses that have outgrown basic legal support.
What is your service area?
We are based in Calgary and primarily serve businesses across Alberta. For transactional work like M&A and corporate matters, we work with clients throughout Western Canada.
What's the difference between a joint venture and a partnership?
A partnership is typically an ongoing business relationship with shared profits, losses, and liability. A joint venture is usually project-specific or time-limited. JVs can be structured as separate corporations, contractual arrangements, or partnerships depending on goals, liability concerns, and tax considerations.
Should our joint venture be a separate legal entity?
It depends. A separate entity (corporation or LP) provides liability protection and clearer separation of assets. But it adds complexity and cost. Contractual JVs are simpler but may expose parties to joint liability. We will help you evaluate the trade-offs for your specific situation.
What happens if a JV partner wants to exit?
This should be addressed in your JV agreement from the start—buy-sell provisions, rights of first refusal, put/call options, and valuation mechanisms. Without these, exits can become contentious and expensive.
How do you handle intellectual property in a joint venture?
IP is often the most complex JV issue. The agreement should clearly address: what background IP each party brings, who owns IP developed jointly, licensing terms for shared IP, what happens to IP when the JV ends, and non-compete restrictions on using JV-developed IP independently.
Our Services
Mergers & Acquisitions
Strategic guidance through the complete M&A process.
Business Formation
Build your business on a solid legal foundation.
Corporate & Commercial
The legal foundation for how your business operates.
Fractional General Counsel
Executive-level legal leadership without full-time cost.
Dispute Resolution
Resolve conflicts efficiently through negotiation and mediation.
Joint Ventures
Structure strategic collaborations for shared success.
Didn't find your answer?
Let's discuss your specific legal needs and how we can help your business succeed.
Legal Disclaimer: This FAQ page provides general information for educational purposes only and does not constitute legal advice. The answers provided are general in nature and may not apply to your specific situation. Laws in Alberta and Canada are complex and change frequently. Before making any legal decisions, you should consult with a qualified legal professional who can assess your particular circumstances. Gusto Law and its representatives are not liable for any loss or damage caused by reliance on the information contained herein. If you require legal advice specific to your situation, please contact us for a consultation.