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Corporate Law-Related Blog Posts
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10 Clauses To Include In A Commercial Contract To Protect You
Know Just Some Of The Provisions To Put In Your Company's Agreements To Protect Its Interests 1. Payment Terms When you're setting up a business deal, getting the payment terms right is pretty important. It's not just about the total amount; it's about when and how that money changes hands. Clear payment terms prevent a lot of headaches down...
Read The Rest...What Documents Should Be In a Corporate Minute Book?
Definition and Purpose of a Minute Book A corporate minute book is essentially the official diary of a company. It's a collection of all the vital legal and governance documents that chart the corporation's journey from its inception to its current operations. Think of it as the company's memory, holding records of its formation, its...
Read The Rest...How To Fix an Outdated and Deficient Corporate Minute Book
A corporate minute book is one of the most important legal records maintained by a corporation in Canada. Unfortunately, many businesses discover that their corporate records are incomplete, outdated, or missing critical documents only when facing financing, investment, regulatory review, litigation, or the sale of the business. An outdated or deficient minute book can create...
Read The Rest...Rectifying Resolutions in Canadian Corporations: When and How To Use Them
How To Rectify Problems With a Company's Corporate Records Identifying Deficiencies in Corporate Records It's not uncommon for the internal records of a Canadian corporation to develop gaps or inaccuracies over time. This can happen for a variety of reasons, from simple oversight to more complex changes in ownership or directorship that weren't formally documented....
Read The Rest...How to Dissolve a Corporation in Canada
Understanding The Dissolution Process Reasons For Corporate Closure Corporations cease to operate for a variety of reasons. Sometimes, a business simply hasn't met its financial targets, or perhaps the owners are ready to retire. Other times, a corporation might have been established without a full grasp of the implications, necessitating its closure later on. It's...
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