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Why You Should Be Wary of Professional Advice Given on Social Media
In an age where social media dominates our daily lives, it’s no surprise that many of us turn to platforms like Facebook, Twitter, Instagram, and LinkedIn for advice on various topics. From health and fitness to financial planning and legal matters, professional advice is readily available at our fingertips. However, the ease of access and the convenience of social media can be misleading, and it’s crucial to approach professional advice shared on these platforms with caution. Here’s why:
Piercing the Corporate Veil: Why Being Incorporated Matters
“Piercing the corporate veil” is not just a fun term that corporate lawyers like to throw around, but is a legal concept that allows courts to hold individuals personally liable for the debts or actions of a corporation. While corporations provide limited liability protection to their shareholders, directors, and officers, there are situations where this protection can be disregarded.
Leveraging Demand Loans: A Legal Perspective on Flexible Financing Solutions
Navigating the intricate landscape of financial instruments such as demand loans requires meticulous attention to legal nuances. As corporate lawyers, we recognize the paramount importance of understanding the legal framework surrounding various financial tools. In this blog post, we look at the legal aspects of demand loans, their utility, implications, and considerations from a legal standpoint.
The Benefits of Getting Life Insurance Through Your Corporation
Life insurance is a crucial aspect of financial planning, providing security and peace of mind for your loved ones in the event of your passing. While many individuals obtain life insurance policies personally, another avenue worth exploring is obtaining life insurance through a corporation. In this blog post, we’ll explore the advantages of this approach and why it might be the right choice for you and your business.
Understanding Trusts: Navigating New Reporting Requirements for Bare Trusts
Trusts are vital tools in estate planning, asset protection, and wealth management. They offer flexibility, privacy, and may, in certain circumstances, tax advantages. However, recent changes in reporting requirements, particularly concerning bare trusts, have implications for both trustees and beneficiaries. This article aims to provide an overview of trusts, focusing on the various types and the new reporting obligations for bare trusts.
Navigating Success: The Importance of Annual Minutes In Corporate Law
In the intricate world of corporate governance, your corporate lawyer will help you stay compliant with regulations, which is paramount for a thriving business. One often-overlooked yet crucial aspect is the maintenance of annual corporate minutes. In this blog post, we will delve into the significance of annual corporate minutes, exploring why they matter for your businesses and how their meticulous upkeep can contribute to long-term success.
Shareholders Agreement 101
Oh to be blessed with a crystal ball that would allow people to see into the future.
We love the optimism of spouses, especially spouses who are also business partners. While it would be amazing to be able to say that a shareholders’ agreement is not necessary when you are in business with your spouse, it becomes even more important when your business partner is your life partner, or if you make your life partner a business participant.
Shareholders Agreements
In the vibrant landscape of Ontario business law, savvy entrepreneurs understand that success is not only about innovation and market presence but also about establishing a strong legal foundation from which the business can flourish. An often overlooked, yet crucial aspect of this foundation is the shareholders’ agreement. In this guide, we explore the vital role a well-crafted shareholders’ agreement plays in the success and longevity of your Ontario-based business.