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...
Calgary Corporate Law Blog
What the global tax rate means for Canadian companies
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...
Protecting your company from exiting shareholders
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...
Assessing the culture of a business you may buy
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...
Are transfer pricing disputes getting easier to resolve?
Tax laws are incredibly complicated - especially when it comes to international tax laws. Navigating these matters takes considerable financial knowledge as well as legal acumen. Because of how complex these cases are, they can take a long time to resolve. Rarely are...
Who is buying businesses right now? Who is selling?
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...
Does your agreement include a material adverse change clause?
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...
Dos and don’ts of conducting due diligence
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...
Handling transfer price challenges and disputes
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...
4 mistakes to avoid after receiving a letter of intent
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...
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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.