Legal Articles, Business
NEW LAW: B.C.’S LAND OWNER TRANSPARENCY ACT EFFECTIVE NOVEMBER 30TH
As of November 30, 2020, the Land Owner Transparency Act (“Act/LOTA”) will be in effect. The Act was created by the BC government as a measure to assist with tax evasion, fraud, and money laundering. The LOTA will be the first of its kind in Canada. Failure to comply under the Act can result in your interest not being registered and may result in fines.
Preventing Corporate Divorce: Why You Need a Business Prenup
Like domestic marriages, business partnerships can start off well, but over time and for a variety of reasons, the parties involved may choose to go their separate ways. This “corporate divorce” typically involves complex financial interests and more often than not, strong emotions.
CONSIDERING A SALE? Take early steps to protect your talent
Are you a business owner who is thinking about selling your businesses? It’s never too early to plan ahead to protect the future success of the business.
CONFLICT ISSUES IN THE SALE OF CLOSELY HELD BUSINESSES; TENSIONS AMONG FAMILY MEMBERS
The sale of a family business or any business with multiple owners creates potential conflicts among the owners as well as potential issues for the attorney representing the sellers.
Among these issues are those related to employment/consulting agreements, noncompete agreements, indemnification clauses, and dispute resolution as part of the sale.
FORMING A BUSINESS: Critical Questions For The Entrepreneur Before Forming a Partnership or Engaging an Attorney
Before starting your venture, take some time with your partner or partners to answer some basic questions regarding
structure, decision-making and dispute resolution.
CLAWBACKS: CREATING A FAIR POST-SALE DEAL FOR FORMER OWNERS
Clawbacks are provisions that assure a former equity owner receives fair, full consideration when it sells its equity. Such provisions enable the former owner to participate in the consideration received in a subsequent sale of the business by the remaining owner or owners.
NO FAULT INSURANCE IN NEW YORK STATE
No-Fault benefits are mandatory for all N.Y.State motor vehicle insurance policies as part of NYS minimal insurance requirements, provided by all insurers and self-insurers of motor vehicles.
3 Considerations Before Reopening Your Business During the COVID-19 Pandemic
The article explores 3 considerations to make before reopening your business during the COVID-19 pandemic.
Thinking about Incorporating? Consider the Following
An introduction to the different types legal entities in the State of Florida and the pros and cons of incorporating your business.