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Understanding Residency Requirements for Key Roles of a Corporation in Canada
Do Canadian Companies Need Local Directors, Officers or Shareholders?
Understanding Residency Requirements for Key Roles of a Corporation in Canada Minimum Resident Canadian Director Quotas When setting up a corporation in Canada, whether federally or provincially, there are specific rules about who can be a director, particularly concerning residency. For federally incorporated companies, the general rule under the Canada Business Corporations Act (CBCA) is that at...
Read The Rest...What Ledgers and Registers Does a Canadian Corporation Need?
Core Corporate Records Mandated by Statute Under Canadian law, specifically the Canada Business Corporations Act (CBCA), corporations are legally obligated to maintain certain foundational documents. These records form the bedrock of the company's existence and governance, and their proper upkeep is not merely good practice but a statutory requirement. Failure to maintain these documents can lead to...
Read The Rest...Protecting Privacy and Consumer Data Act (PPCDA)
Canada's Federal Personal Privacy Law Is Changing Canada is once again overhauling its private-sector privacy regime. On June 15, 2026, the federal government introduced Bill C-36, the Protecting Privacy and Consumer Data Act (PPCDA), which—if passed—would repeal Part 1 of the Personal Information Protection and Electronic Documents Act (PIPEDA) and establish a new federal framework...
Read The Rest...What is LLBO?
What Does LLBO Mean, and Why Do I See It on Signs of Restaurants? LLBO stands for the Liquor Licence Board of Ontario. Although the LLBO no longer exists, the term remains widely used throughout Ontario by business owners, municipalities, landlords, event organizers, and members of the public. You may see “LLBO” on the sign...
Read The Rest...Asset Purchase Agreements (APA) | 190+ 5-Star Reviews
Legal Services for Asset Purchase Agreements in Canada An Asset Purchase Agreement (APA) is one of the most common legal agreements used when purchasing or selling a business. Unlike a share purchase, where ownership of a corporation changes hands, an asset purchase generally allows the purchaser to acquire selected assets while leaving many historical liabilities...
Read The Rest...What Legal Structures Are Available For a JV in Canada?
Basics of Joint Venture Legal Structures and Characteristics Overview of Joint Venture Structuring When two or more parties decide to collaborate on a specific project or business endeavour in Canada, they often form a joint venture (JV). The way this JV is legally structured from the outset significantly impacts how profits are shared, risks are...
Read The Rest...How to Sell a Business in Canada
Strategic Preparation For Business Valuation in the Sale of a Company Before you even think about listing your business for sale, getting a solid handle on its worth is a major step. This isn't just about picking a number out of thin air; it involves a careful look at what makes your company tick and...
Read The Rest...How To Buy Shares in a Private Canadian Corporation
Basics of Obtaining Share Ownership of a Company in Canada Defining A Shareholder And Share Ownership A shareholder is essentially an owner of a corporation. When you buy shares, you're acquiring a piece of that company. These shares represent your ownership interest and, depending on the class of shares, can come with various rights. In...
Read The Rest...What Questions Can I Ask a Lawyer in a Consultation?
The Purpose Of A Legal Consultation And What is Discussed A legal consultation serves as your initial meeting with a legal professional to discuss a specific legal matter. It's a critical first step, allowing both you and the lawyer to assess the situation and determine the best path forward. This meeting is designed to provide clarity...
Read The Rest...How To Sell Shares in Your Canadian Corporation
Understanding Share Sales in Canadian Corporations When you decide to sell your Canadian corporation, you generally have two main paths: selling the company's assets or selling the company's shares. Most often, the person selling prefers to sell the shares. This is usually because it can lead to better tax outcomes, particularly with the way capital...
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