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If drafted well, shareholders’ agreements or other key business contracts (e.g. limited partnership or joint venture agreements) will set out protocols in the event that one or more [...]

Ontario’s Bill 213 (2020), also titled the Better for People, Smarter for Business Act, 2020 (the “Act”), received royal assent on December 8, 2020 and implements notable changes to both the [...]

Should you incorporate your business federally or in Ontario? Understanding the differences between a Federal and Ontario corporation will ensure that your business is operating pursuant to the [...]

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 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. [...]