Closing a corporation is not quite as simple as turning off the lights, cancelling the Wi-Fi, and declaring, “Well, that was fun.” A corporation is a separate legal entity, which means it continues to exist until it is formally dissolved. Even if the business has stopped operating, has no customers, and has not earned a […]
How to Dissolve a Corporation in Alberta? Read More »
Starting a business comes with plenty of decisions. What should you charge? Who is your ideal customer? Do you really need another software subscription that promises to “transform your workflow”? And eventually, one of the biggest legal and financial questions appears – should you incorporate your business? For many Canadian entrepreneurs, incorporation can be an
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Signing a commercial lease can feel like an exciting milestone. You have found the right location, imagined your sign above the door, and perhaps already decided where the coffee machine will go. Then the landlord hands you a lease that appears to contain enough pages to qualify as a small novel. Unlike a residential lease,
What to Look for in a Commercial Lease? Read More »
A personal guarantee on a commercial lease is a legal commitment that makes an individual personally responsible for some or all of the tenant’s obligations if the business cannot meet them. The guarantor is usually the company’s owner, director, shareholder, or another person financially connected to the business. In simple terms, the corporation signs the
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Signing a commercial lease often feels like the beginning of an exciting new chapter. You have found the perfect office, retail unit, warehouse, or restaurant space. The location looks promising, the business plan is ready, and even the slightly mysterious stain on the ceiling seems manageable. Then circumstances change. Sales may decline, operating costs may
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Commercial leases have a special talent for making simple ideas sound more complicated than they really are. A triple net lease is a perfect example. The name may sound like a fishing technique or an especially secure internet connection, but it is actually one of the most common lease structures used in commercial real estate.
What Is a Triple Net Lease in Real Estate? Read More »
Starting a business with other people can feel exciting. Everyone is enthusiastic, the ideas are flowing, and nobody wants to ruin the mood by discussing disagreements, exits, or what happens if someone stops doing their share of the work. Unfortunately, “we trust each other” is not a complete legal strategy. Business relationships can change. Partners
Partnership Agreement vs Shareholder Agreement: What Is the Difference? Read More »
Most people do not wake up in the morning thinking, “What a beautiful day to start a lawsuit.” Legal action is usually considered only after emails have been ignored, promises have been broken, and customer service has transferred the same complaint to six different departments. When a company causes financial loss, breaches a contract, delivers
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Buying a business in Alberta can feel exciting, serious, and slightly terrifying all at the same time. One minute you are picturing yourself as the proud owner of a profitable company, and the next minute you are staring at financial statements wondering whether “adjusted earnings” means real money or creative storytelling with a calculator. The
Buying a Business in Alberta? Read This Before You Shake Hands and Celebrate Read More »
Business contracts are a bit like seatbelts. When everything is going smoothly, nobody thinks about them. But the moment something goes wrong, they suddenly become very, very important. Whether you are starting a company, hiring a contractor, leasing commercial space, buying a business, or signing a supplier agreement, the words inside a contract can protect
What Type of Lawyer Handles Business Contracts? Read More »
