Corporate Lawyer Archives - Page 2 of 3

Mediation vs. Arbitration – Choosing the Right Path Forward

Once you’ve decided to pursue alternative dispute resolution, the next critical decision is selecting the most appropriate process. The two most common formal ADR methods – mediation and arbitration – offer distinctly different approaches to resolving business disputes. Mediation: Collaborative Problem-Solving Mediation involves a neutral third party who facilitates discussions between disputing parties without […]

Mediation vs. Arbitration – Choosing the Right Path Forward Read More »

Understanding Dispute Resolution – Your Alternatives to Court

Understanding Dispute Resolution – Your Alternatives to Court When business conflicts arise, many assume that a lengthy court battle is inevitable. However, dispute resolution encompasses a number of processes that can be used to resolve conflicts, disputes, or claims without the time, expense, and uncertainty of traditional litigation. These alternative approaches offer businesses

Understanding Dispute Resolution – Your Alternatives to Court Read More »

Understanding Primary and Secondary Wills: What Business Owners Need to Know

Estate planning can be complex, especially if you own a corporation or hold shares in a private business. One of the most effective tools for business owners in Ontario is the use of primary and secondary wills. Here’s what you need to know about these documents and how they can benefit you if you own

Understanding Primary and Secondary Wills: What Business Owners Need to Know Read More »

What is a Minute Book?

In Ontario, a business, particularly a corporation, is legally required to maintain a minute book as part of its corporate records. Here’s why you need one and how often it needs to be updated: Why You Need a Minute Book Legal Requirement: Under the Ontario Business Corporations Act (OBCA) and the Canada Business Corporations Act

What is a Minute Book? Read More »

How Do You Legally Do A Corporate Name Search?

In Ontario, a corporate name search is a critical step when incorporating a business or changing the name of an existing corporation. The process ensures that the proposed corporate name is unique and does not conflict with existing business names, trademarks, or other registered entities. Here’s what’s involved: Preliminary Name Search Brainstorming: Start by

How Do You Legally Do A Corporate Name Search? Read More »

Canadian Family Business Accelerate Succession Plans

Navigating Change: Canadian Family Businesses Accelerate Succession Plans Amidst Economic Shifts A recent study by KPMG LLP in Canada reveals a significant trend among Canadian family business owners, with 79% fast-tracking succession plans due to evolving economic landscapes and internal family dynamics. The survey of 285 leaders from 700 small- and medium-sized family businesses indicates

Canadian Family Business Accelerate Succession Plans Read More »

A Comprehensive Guide to Incorporation in Ontario

Navigating Business Success: A Comprehensive Guide to Incorporation in Ontario Incorporation is a significant milestone for any business in Ontario. It not only provides legal protection and separation of personal and business assets but also opens up opportunities for growth and success. If you’re considering taking the plunge and incorporating your business in Ontario,

A Comprehensive Guide to Incorporation in Ontario Read More »

Updated Warnings to Directors of Corporations, Past and Present

Two recent cases in the Federal Court of Canada highlight the perils for Directors of Corporations, even as a Past Director. As you may know, under the Income Tax Act (Canada), Directors have personal liability for unremitted withholdings from employees’ salaries (the portion of salaries deducted from paycheques for employee taxes, UIC and CPP). In

Updated Warnings to Directors of Corporations, Past and Present Read More »

Starting A Business Without Commercial Space

Securing commercial space used to be a prerequisite to operating a business. Covid 19 has further opened up the opportunity for working from home and starting a small business. We are sharing some guidelines on how you can do this and offer up some of the general restrictions on operating a business from your home.

Starting A Business Without Commercial Space Read More »