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Every entrepreneur recognizes that there are risks in buying and selling businesses. These risks are mainly financial, meaning some entrepreneurs can and will take bigger gambles than others do.But no matter how comfortable you are with taking chances as a buyer or...

Contracts in business can serve as the backbones of professional relationships. When valid, contracts establish the parties’ roles, responsibilities, and expectations in a legally binding document.However, changes can occur between the time parties enter into an...

If you are planning on buying a business, chances are you have already done a fair amount of research. You probably know the type of business you want, where you want to buy and how much you expect it to cost.No matter how informed you think you are at this point, the...

Businesses that operate globally may well have a transfer pricing policy in place. These policies serve as an accounting strategy to determine transactional costs across divisions. A transfer pricing policy can also be an effective tax avoidance practice by allocating...

Selling a business is complicated and stressful. Business owners can have a lot at stake, and there are many moving parts that affect valuations, price and conditions of the transaction.At the first sign that a sale could happen, which could be receiving a letter of...

Shareholder agreements can be powerful tools to safeguard your interests as an owner of a company. In part, it outlines the rights and privileges of various shareholder positions, and the duties and responsibilities of key members of the organization.If you are the...

You may have already figured out an idea for a business. You may have already figured out how you will operate your business, secure financing and how it will grow. But what can be difficult for many is picking the name of your business when you incorporate.There are...

As companies look for ways to expand their reach and attract new customers, the importance of updating social media is becoming more apparent. It’s a great way to cast a wider net to reach more consumers, and to foster greater engagement with their...

Sole owners of corporations who want to minimize their taxes or create make family succession plans for a thriving business should consider implementing an ‘estate freeze’. Owners can use estate freezes to restructure their company’s ownership by...

In our last post, we looked at the basic concept of transfer pricing. Any business that buys and sells to a foreign entity under its own corporate group may, at some point, be called upon by the CRA to defend the transfer price for those international transactions.If...