What to Watch for When Selling Your Business and Assigning Your Commercial Lease
When you sell your business in Ontario, the commercial lease is often one of the most important (and most overlooked) parts of the transaction. For many small and medium-sized businesses, the location is the business — and transferring (or “assigning”) your lease to the buyer isn’t as simple as handing over the keys. Here’s what […]
Protect Your Business Relationships — Agreements, Contracts, and Insurance [Part 3]
As your business grows, relationships with partners, clients, suppliers, and insurers become more complex. Here’s how to protect yourself: 1. Shareholders’ Agreements If you have more than one shareholder, a Shareholders’ Agreement is critical. It outlines what happens if a partner leaves, retires, or passes away — and how profits, voting rights, and decision-making are […]
Keeping Your Corporation Up-to-Date — The Easy-to-Forget Changes [Part 2]
Businesses evolve — but government records need to evolve too. Many Ontario entrepreneurs forget to update corporate records after key changes, which can create major legal and administrative headaches later. 1. Notice of Change If your corporation’s address, directors, officers, or language preference changes, you must file a Notice of Change within 15 days with […]
Corporate Compliance in Ontario — Don’t Forget the Annual Basics [Part 1]
Running a business in Ontario is exciting — but between managing staff, serving clients, and growing revenue, it’s easy to forget the corporate housekeeping that keeps your company compliant and legally protected. Missing small annual requirements can lead to penalties, lawsuits, or even the dissolution of your corporation. Here are three essentials that every Ontario […]
Before you become a director or an officer of a corporation, read this!
It can be an exciting opportunity to join a corporation as a director or an officer. It might be appealing to put a prestigious role on your resume, to take on a new learning experience, to be compensated for your contributions to a company, to build connections with others in the business community, and to […]