Right of first refusal versus right of first offer
Shareholder agreements can be drafted to allow business partners in private corporations to sell their shares whenever they want while protecting the remaining owners, says Toronto business [...]
Ontario Small Business Support Grant
Applications are now open for the Ontario Small Business Support Grant which aims to provide additional support for small businesses which are affected by the current province-wide COVID-19 [...]
Liabilities of Directors
LIABILITIES OF DIRECTORS The role of director of a corporation has several prerequisites. A director must be: An individual (not a corporation); At least 18 years of age; Of sound mind; and, Not [...]
CANADA EMERGENCY COMMERCIAL RENT ASSISTANCE (“CECRA”)
What is CECRA? On April 24, 2020, the Government of Canada, in partnership with the provinces and territories, announced a new initiative – CECRA – to provide relief for eligible [...]
The Three Partnership Arrangements: Which Is Best For Your Business
There are three types of Partnerships: General Partnerships; Limited Partnerships; and, Limited Liability Partnerships. Each of these arrangements have their own statutory requirements and [...]
Terms of Use
Anton M. Katz, Barrister & Solicitor has developed this site as an electronic resource respecting our organization. We are committed to the proper management of the personal information of [...]
Include piggyback, drag-along clauses in shareholders’ agreements
When a shareholder wishes to sell their shares to a third party, piggyback and drag-along clauses in the shareholders’ agreement can help prevent a deadlock, says Toronto business lawyer Anton [...]
ADR clause preempts time, cost of shareholder litigation
There are several benefits to including a dispute resolution mechanism within a shareholders’ agreement, says Toronto business lawyer Anton Katz. “Shareholders’ agreements are very lengthy [...]
Directors’ Duties
DUTIES OF DIRECTORS A corporation consists of directors, officers and shareholders. Shareholders are owners of the corporation, while directors have various managerial responsibilities and [...]
Disability clause important part of shareholders’ agreement
A well-drafted shareholders’ agreement should include provisions specifying what will happen in the event of disability, says Toronto business lawyer Anton Katz. If there are no buyout rights or [...]
How to Use the PPSA and Protect a Business Loan in Ontario
PPSA Ontario Simplified If you make a business loan to a small company in Ontario, you run the risk of the loss of your capital should the company default on the loan payments. For this reason, [...]
What Does the Ontario Business Corporations Act Say about Your Minute Book?
Updating Your Minute Book Makes Good Business and Financial Sense Your business must keep a minute book if it is incorporated. It’s not only good business practice, it’s also a legal obligation. [...]
Why corporations cannot ignore the Forfeited Corporate Property Act
Meta description: The Forfeited Corporate Property law affects all corporations in Ontario. What does it mean for your corporation’s operation and finances? Avoid hefty fines, total loss of [...]
Shareholders’ agreement should account for divorce
When it comes to protecting a business from a triggering event such as a marital breakdown, it’s worth reviewing the different approaches when drafting a shareholders’ agreement, says Toronto [...]
Should You Register Your Business Name in Ontario?
When it is mandatory to register a business name, or more formally, your Master Business Licence (the proper legal term)? Considerations for Registering Your Master Business Licence Ontario has [...]