You’ve decided that you want to acquire an existing business, you’ve been in discussions with the current owner and now it’s time to put it on paper… what now? First thing’s first – we’ve all heard the phrase “buyer beware”. Usually when we hear this, we’re talking about buying a car – you want to […]
BUYING OR SELLING YOUR BUSINESS? MAKE SURE IT’S A SMOOTH RIDE Read More »
It can feel overwhelming to a business owner, the thought of embarking on a plan for succession/transition of their business. Particularly when the transition plan involves some or all their children. Commonly, the owner has a vision for the endpoint but does not have the map to get there. Navigation is the role of the
SHAREHOLDERS’ AGREEMENT: AN ESSENTIAL INGREDIENT IN THE FAMILY SUCCESSION PLAN Read More »
Shareholders’ agreements, also known as “unanimous shareholders’ agreements”, are tools for shareholders of private corporations to govern different aspects of the management of their businesses. These agreements are commonly used by the owners of small and medium-sized companies, as they provide steady ground upon which to build successful businesses. Beyond the mandatory governance requirements prescribed
(A FEW) THINGS YOU WANTED TO KNOW ABOUT SHAREHOLDERS’ AGREEMENTS Read More »
You and another individual have come together to form a business partnership. You have each brought your own property and assets into the partnership to help build and grow the business. Now, a dispute has arisen and you are looking to dissolve the partnership. What happens to all of that property you each brought into
Corporate compliance…that’s just taxes, right? For many, once the collection of information, preparation and submission of the tax filing is complete, an item is checked off the To-Do List and corporate compliance isn’t thought about for another year. While completing and filing your corporate taxes is incredibly important – there are other compliance matters required
I FILED MY CORPORATE TAXES… I’M DONE, RIGHT? Read More »
Congratulations! You have just completed the purchase of your new business and you are ready to get started! While you have so many things to take care of, there may be a few items you haven’t thought of yet. Yours Next Steps – These items may include such things as: This is not an exhaustive
YOU’VE JUST CLOSED YOUR BUSINESS PURCHASE – “WHAT NOW”? Read More »
Congratulations! You have just completed the sale of your business and you are ready to retire! But wait, there may still be a few items to clean up before you can wipe it from your mind and focus on Mai Tais on a beach! These items may include such things as: This is not an
YOU’VE JUST CLOSED YOUR BUSINESS SALE – “WHAT NOW?” Read More »
Your business is generating more income than you need for your living expenses. You are building your business to sell one day, or to leave to someone in your Will. You are worried about your personal assets should your business default and become legally liable for debts. You are looking to issue shares in your
IS IT TIME TO INCORPORATE YOUR BUSINESS? Read More »
An ISC Resister, also known as a Register of Individuals with Significant Control or a Transparency Register, sets out prescribed details for each individual owning, controlling, or influencing more than 25% of the voting shares or fair market value of shares. Do you need an ISC? If you have a controlling interest in a corporation,
DO YOU NEED AN ISC REGISTER? Read More »
In October, 2021, the Ontario Not-for-Profit Corporations Act (the “ONCA”) was brought into force. This legislation replaces the Ontario Corporations Act which governs Ontario not-for-profit and charitable corporations. When the ONCA came into force, certain requirements were added and changed which may leave your organization’s documents out of date and incompliant with the ONCA. Transition
IS MY NON-PROFIT UP TO DATE? Read More »
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