Clients are often surprised when I ask them whether they would like to incorporate federally under the Canada Business Corporations Act (R.S.C., 1985, c. C-44) (the “CBCA”) or provincially under Ontario’s Business Corporations...
Professional Corporations – A Great Tax Shelter for Doctors, Lawyers, and Other Professionals
A professional corporation is a corporation that provides professional services and that is regulated by a governing professional body such as the Law Society of Ontario, the Royal College of Dental Surgeons of Ontario, or the College of...
Buyer Beware – A Due Diligence Checklist of What to Consider When Trying to Buy a Business
There are a wide range of issues a prospective purchaser must consider before buying a business. Before purchasing any shares or assets, it is important to examine and research the business to ensure you are getting what you bargained for. This examination process is commonly referred to as due diligence and is undertaken to ensure all the facts presented by a seller are correct.
Handshake Hell – Business Partner and Equal Shareholder-Director Disputes in Ontario
For every client that hopes to set up a company, I have one client hoping to get out of a company. Business breakups can be messier and uglier than divorces. Many business partners set up their company on nothing more than a hope and a handshake....