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 […]
Proper Documentation For Business Read More »
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
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
Land Purchase Options Read More »
“Liquidity” means the capacity of a shareholder to liquidate his interest in a corporation. In a publicly traded corporation, a shareholder can place his shares with a broker for a trade in a stock exchange and receive the market value of his shares. By stark contrast, not only are the majority of corporations in Ontario
Private Corporation “Liquidity” Read More »
