Month: August 2021

Off Shore Investing

Not long ago, conventional asset protection, income tax avoidance mantra suggested taking a revenue-producing asset (such as Patents or Trade-marks that can be licensed) off-shore to a low or nil income tax jurisdiction. The idea was to earn royalties in a favourable tax jurisdiction and avoid U.S. or Canadian income tax on the income. The …

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Human Rights Claims

One of the most difficult challenges facing entrepreneurs is a claim filed under Human Rights legislation. Essentially, a claimant has the benefits of government-paid legal counsel without any economic exposure or downside. By stark contrast, to all other litigation or claims against anyone, (all of which involve a claimant underwriting his own case), the Social …

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Proper Documentation For Business

Brothers Charles and Henry embark on a business plan of buying and renting residential properties. The first is a family residence, with 2 tenants in the basement, but all of Charles’ and Henry’s families also occupy the property as a principal residence. Their Dad and Mom, their wives and their collective 4 children, a total …

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Business Set Up

We are approached frequently by budding entrepreneurs seeking to set up a business. Almost invariably, the issue of costs arises, equally frequently with limited funds. A substantial number of introductions involve “partners” joining forces to start a business. What to do? First, the usual default structure is to incorporate: Tax advantages; liability avoidance; limitations on …

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Land Purchase Options

It’s not infrequent that commercial tenants have options in their leases to purchase either contiguous property or even the subject matter property of the Lease. The issue is: What can be set out in the option at the time of its creation that makes the option fully capable of being enforced? There is a relatively …

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