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The Importance of Due Diligence in a Business Acquisitions

If you are buying a business, it is essential to engage in proper due diligence. Many people do not fully understand the purpose of due diligence or what it entails. In a business acquisition, due diligence may be the critical factor that allows you to determine whether you're buying a profitable business or a lemon.

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business law

Ontario's Corporate Record-Keeping Requirements

It can be easy to forget all the legal obligations you have as a corporate owner. We are not talking about taxes, which are always with us. With your incorporation comes reporting and record-keeping requirements that never go away. Do you know what those requirements are? Failure to meet reporting and record-keeping requirements could prove very costly with fines or other penalties involved.

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Ladislav Beganyi

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estate planning

What Happens if You Die Without a Will?

In Ontario, if you die without a will your property is distributed in accordance with intestacy rules set out in Part II of the Succession Law Reform Act (Ontario) (the “SLRA”).

Under the SLRA rules, who gets your property after you die depends on whether you’re married and how many children you have.

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Ladislav Beganyi

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business law

Should I Consider Forming a Professional Corporation

A professional corporation is just one of many business forms available in Canada. However, as the name suggests, the professional corporation was created to serve the needs of – you guessed it – professionals who want to form a business group with other professionals. So, should you form a professional corporation? What are the advantages? Disadvantages?

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Ladislav Beganyi

a woman who sold her house is packing and getting ready to move

residential real estate

Selling a Home in Canada Can Get Complicated

There is a lot involved in selling a house in Canada. There is all the real estate stuff – setting a price, listing the house, arranging open house viewings, dealing with offers to buy, negotiating with potential buyers, finding a closing agent, and closing the sale.

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Ladislav Beganyi

what happens after a corporate reorganization?

business law

What is a Corporate Reorganization

The Canada Business Corporations Act and other federal laws set forth a fairly narrow definition of a corporate reorganization, primarily applying to corporations that are insolvent, or in other words, bankrupt.

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Ladislav Beganyi

people working together to create a business

business law

Forming a Business Requires Planning

Obviously, no one starts a business on a whim and one day just opens up shop. Months, sometimes years, of planning occur before a business actually opens to the public.

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Ladislav Beganyi

senior-couple-planning-their-retirement

wills & estates

Every Canadian Should Have a Valid Will When They Die

A will is something that is on many a “to-do” list, but it rarely rises to the top of the list. For many people, just the thought of preparing a will is getting a little too close to admitting that everybody dies someday, you included.

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Ladislav Beganyi

commercial office building

commercial real estatebusiness law

What Should I Do When I Want to Buy a Commercial Property or Business?

If you are buying a commercial property of business for the first time, or even if you have engaged in many such transactions, it is important to engage in proper due diligence.

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Ladislav Beganyi

City pictured from the sky

business law

Choice of Business Ownership Structures in Ontario

Ontario has three primary forms of business structures — sole proprietorships, partnerships, and corporations. Your choice of which form of ownership you choose for your business could depend upon ease of formation, the expense of formation, taxation considerations, liability issues, control over company resources and decisions, and other factors. Each business form has different advantages and disadvantages, and you will have to decide which form best suits your situation and business goals. In this post, we will examine the three most common structures and highlight some of the pros and cons of each structure.

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Ladislav Beganyi

Woman wearing a black hat

commercial real estate

Exercise Care When Buying Commercial Real Estate

Investing in commercial real estate can be challenging. You have to make decisions based on data, not what property you “love.” You need to understand what commercial purpose best suits that particular property, whether it be retail, residential, mixed use, or even industrial.

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Ladislav Beganyi

Tattooed man walking in a field

residential real estate

Ontario Real Estate Association Standard Form of Agreement of Purchase and Sale

The majority of residential real estate transactions in Ontario are completed pursuant to the Ontario Real Estate Association ("OREA") standard form of agreement of purchase and sale. The Agreement strives to balance the buyer and the seller's rights and promotes consistency and certainty in residential real estate transactions.

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Ladislav Beganyi