Most people understand that there are costs involved with buying and selling properties, whether you live in Ontario, Canada, or somewhere else. However, it can be worthwhile learning what these costs are before starting the buying and selling process.
Most people know that lawyers are the people you go to when you need legal assistance, but few know exactly what they do. This blog post is going to shed some light on the role of a Canadian tax lawyer. Generally speaking, tax lawyers help individuals and businesses with tax planning, preparing and filing tax
If you\’re looking to expand your business or are just starting, buying a pre-existing, well-established business can serve as an effective stepping stone towards fulfilling your corporate goals. Purchasing an existing business instead of starting a new one certainly has its benefits. However, you’ll still need to take certain things into account, which we’ll cover in detail soon.
Key Considerations and Pitfalls to Avoid in Buying a Business Read More »
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.
The Importance of Due Diligence in a Business Acquisitions Read More »
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?
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.
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.
Should I Consider Forming a Professional Corporation Read More »
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.
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. In general, insolvent corporations reorganize or dissolve, and those are both obviously forms of reorganization. However, in common usage, reorganization has taken on a
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. From the most basic of questions, such as what kind of business you plan to engage in, to more complicated questions, including whether you will