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What To Expect When Purchasing Your Home

Your next home purchase will be made easier if you are familiar with and understand the typical steps taken in a real estate transaction. This article will provide you with an overview of what to expect, and it includes information on the role of a real estate lawyer throughout all stages of your home-buying experience.

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blocks showing risk and return to indicate the risks and other considerations in business a business

business law

Key Considerations and Pitfalls to Avoid in Buying a Business

When purchasing a business, you must do all that you can to identify both its strengths and challenges. Do your due diligence! Research the market well, look into the history of fantastic brands, find out if they have any legal issues floating around them or any other possible detriments in regards to the product they sell/serve.

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Ladislav Beganyi

Persons reviewing documents as part of the due diligence process.

business law

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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Ladislav Beganyi

stock index listings

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

elderly couple sitting at a beach

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

smiling dentist

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.

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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