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Proposed Tax Changes Harm Business Owners

It is no secret the federal government has introduced far sweeping tax proposals to change to the Income Tax Act that will have an adverse effect on small business owners and professionals using a professional corporation structure to carry on their practice. The proposed changes are a slap in the face to the hard working…

Buying A Business

When buying a business potential business owners are typically focused on the purchase price. However, it is equally important as buyer to thoroughly review all relevant corporate documents before the deal closes. Even if a buyer can get a “good deal” on the price of the business, not conducting a proper review could end up…

Incorporating Medical Professionals

Incorporating medical professionals is a key for many physicians. Whether the physician is a recent graduate or an established physician, there are a number of benefits to having a medical professional corporation ( or “MPC”). A medical professional corporation allows a physician to create a separate legal entity, one that can own assets, incur liability,…

Corporate Law Clerk Position at ConductLaw

ConductLaw has an opening for an experienced corporate clerk interested in leading our corporate law department.  The successful candidate will be industrious, conscientious, organized, enthusiastic, with a great sense of humour befitting our young vibrant firm. We are looking for someone who has an in depth knowledge of purchases and sales of a business, corporate refinancings…

Probate or Certificate of Appointment of Estate Trustee

Probate or Certificate of Apointment of Estate Trustee as its now known in Ontario is a court’s legal confirmation of a Will as well as an estate trustee’s authority. Probate is not always required, but mandatory in many estate administrations. Most financial institutions, for example, require proof that they are in fact transacting with the…

Securing debt obligations

Lenders are usually focused on ensuring the debtor paying debt owed, but should also be focused on securing debt obligations. The lender will be thankful for its security if the debtor ever encounters financial difficulties. To do so, a lender must ensure its security is properly registered and perfected. The Ontario Personal Property Security Act…

CONDUCTLAW JOINS NEXTLAW GLOBAL

CONDUCTLAW JOINS NEXTLAW GLOBAL REFERRAL NETWORK Will connect clients to top tier legal talent around the world   March 7, 2017, Ottawa – ConductLaw today announced it has joined Nextlaw Global Referral Network, enabling it to connect its clients to high quality lawyers around the world. Nextlaw Global Referral Network is the largest legal referral…

Starting Franchise Business

Are you thinking about starting a franchise business?  A franchise relationship allows the franchisee’s business to grow faster than it would using its own resources.  A franchise is a long-term contract between a franchisor and franchisee. The franchisor (owner) transfers a trade-mark or trade name to the franchisee for use in its business. A franchise…

Oppression Remedy For Shareholders

The Oppression Remedy is a powerful for shareholders.  To bring an oppression remedy, an applicant must meet a two-part test. First, the applicant must identify the expectations that he or she claims have been violated and establish that the expectations were reasonably held. Second, the stakeholder must then show that those reasonable expectations were violated…

Corporate Shareholder Benefits

Shareholders should be aware of corporate shareholder benefits and subsection 15(1) of the Income Tax Act (ITA). When the CRA audits a private corporation, it uses subsection 15(1) to ensure transactions are properly recorded. Subsection 15(1) states that where a corporation has conferred a benefit on a shareholder, the value of that benefit will be…

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