A corporation's board of directors is supposed to protect the interests of shareholders. If situations arise where that is no longer happening, removing one or more directors may be necessary. Knowing some essential elements of the removal process can help all parties...
Shareholders have rights and responsibilities, which can vary based on the agreements and the type of shareholders they are. They can also run into some complex disputes when it comes to filling these roles and carrying out their duties. Common sources of shareholder...
There comes a time for many owners to start a new venture or retire, and selling their business marks the next chapter. If you are thinking about selling your business in the not-so-distant future, one important priority is to maximize the company's value. There are...
Recently, over 130 countries reached an agreement regarding a global corporate tax. These efforts aim to prevent corporations from shifting tax revenues and profits from countries with lower tax rates, keeping them in their home countries. This change will affect...
Shareholder agreements are crucial in preventing disputes involving and between shareholders. They can break deadlocks, assign rules for majority and minority decisions and assign duties to shareholders. Establishing these rules in an agreement can make it easier to...
Buying a business is a highly complicated and intricate process. Often, parties in these transactions are focused on the numbers: a business's liabilities, profits and valuations to determine whether they want to buy the company. However, one area that sellers and...
When a Canadian small business is ready to incorporate, it has two options: Provincial or federal incorporation. The way in which a business incorporates can have long-lasting implications for its success. It is important for business owners to choose the method of...
You've built a successful business in Alberta, and the time comes that you consider selling it. Likely, your primary concerns are to find the right buyer and attain the best purchase price. However, you might also have serious concerns about maintaining the brand...
In the coming years, pundits have predicted that a trillion dollars of assets are to be transferred from current owners to the new generation in Canada over the next decade. Orderly planning for the tax, asset protection and wealth building opportunities have to be...
PMR Law have been named the winner of the Business Law Firm of the Year 2017 Canada by CV Magazine and the Global 100 Excellence Award as Firm of the Year (Litigation Counsel) Canada. These awards are much appreciated by the firm. In everything we do, we strive to provide the best service for our clients.
