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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 [...]

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 [...]

There are three types of Partnerships: General Partnerships; Limited Partnerships; and, Limited Liability Partnerships. Each of these arrangements have their own statutory requirements and [...]

DUTIES OF DIRECTORS A corporation consists of directors, officers and shareholders. Shareholders are owners of the corporation, while directors have various managerial responsibilities and [...]

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, [...]

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. [...]

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 [...]

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 [...]

If you are a small business owner and you’ve decided to sue – or are being sued – you’re probably anxious about what lies ahead. As a small business lawyer in Toronto – one that [...]

As a Toronto small business owner, you’re probably no stranger to setting goals for your business and mapping out a plan to achieve those goals. But there’s one thing you don’t have to plan on [...]