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Corporate Law-Related Blog Posts
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Corporation Annual Return vs. Tax Return in Canada
How Is a Corporation Annual Return Different Than an Annual Tax Return (T2) in Canada? Distinguishing Annual Returns From Tax Filings5 It's a common point of confusion, but your corporation's annual return and its tax return are two entirely separate obligations. Think of the annual return as a yearly check-in with the government to confirm...
Read The Rest...Shareholder Agreement vs Subscription Agreement
Understanding the Core Distinction: Shareholder Agreement vs. Subscription Agreement When setting up or investing in a Canadian corporation, two types of agreements often come up: the Shareholder Agreement and the Subscription Agreement. While both are legal documents related to shares, they serve distinct purposes and govern different aspects of a company's life. Understanding this difference...
Read The Rest...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?
Basics of the 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,...
Read The Rest...How To Fix an Outdated and Deficient Corporate Minute Book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 Unfortunately, many businesses discover that their corporate records are incomplete, outdated, or missing critical documents only when facing financing, investment, regulatory review, litigation, or the sale of the business. An outdated or deficient minute book can create...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 For Canadian Corporations
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
Dissolution of a Company in Canada: The Guide 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...
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