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Record Keeping Requirements for Ontario Corporations Now in Effect!

by Ross Rumbell Business Law | Dec 10, 2018 | Corporation

NOW IN EFFECT – All Ontario corporations must maintain a property register. This requirement applies to “ownership interests in land” held on or acquired after December 10, 2018. What does “ownership interest in land” refer to? Well, this term remains undefined. A...

What Is a Personal Guarantee?

by Ross Rumbell Business Law | Jun 14, 2018 | General, Lending & Borrowing

Applying for a business loan is a fairly standard routine for most corporate business owners both large and small. Whether the funds are required for working capital or capital expenditures, a loan is the most common way to raise money. However, most lenders will...

Forced Transfer Provisions Safeguard a Company Against the Unexpected

by Ross Rumbell Business Law | May 29, 2018 | Dealings with Shareholders, General

Imagine for a moment that you are in business with three other individual shareholders. The four of you may be friends and started the business by investing personal capital and shaking hands. You incorporated the company, and each of you are equal owners of the...

The Risks of Drafting Legal Documents Without a Lawyer

by Ross Rumbell Business Law | Mar 23, 2018 | Contracts & Drafting, General

When it comes to business contracts, agreements and/or policies, they may all appear to be redundantly similar — at least to the untrained eye. And because many seem to be alike, many business owners assume that they don’t need legal expertise in drafting these...

Should Your Business Pay for Services in Shares Instead of Cash?

by Ross Rumbell Business Law | Feb 15, 2018 | Dealings with Shareholders, General

Starting a business is no small feat. It requires an enterprising idea, hard work, and strategic know-how to turn a start-up into a successful business. And it requires money — something many start-ups don’t yet have. When cash is tight and a service is critically...
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