Adding a shareholder to a corporation may sound as simple as entering a name in a corporate record book and handing over a share certificate. Unfortunately, corporate law rarely rewards optimism with simplicity. A new shareholder receives legal and financial rights that can affect voting, profits, control, taxation, and the future sale of the business. […]
How to Add a Shareholder to a Corporation in Canada? Read More »
When two or more people own a business together, a handshake and good intentions can only go so far. Misunderstandings about decision-making, ownership, and what happens when circumstances change are among the most common sources of business disputes. A well-drafted shareholder agreement can help prevent many of these problems before they arise. This article explains
What Should Be Included in a Shareholder Agreement for a Calgary Business? Read More »
Buying an existing business is one of the most significant financial decisions an entrepreneur can make. Before you sign any agreement, one of the most important questions to resolve is how the transaction will be structured. Two common approaches exist in Alberta: a share purchase and an asset purchase. Neither structure is automatically better than
Share Purchase vs. Asset Purchase: Which Is Right When Buying a Business in Calgary? Read More »
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
Should I Incorporate a Company for My Business? Read More »
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
What Is a Personal Guarantee on a Commercial Lease? Read More »
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
How to Get Out of a Commercial Lease? Read More »
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 »
