Tag: Shareholders
Tag: Shareholders
Personal Real Estate Corporations (PRECs) are here! What are they and how are they different from any other corporation?
Prior to the end of 2001, professionals could not incorporate their practices except as allowed by the laws that regulated their specific profession (all compliant professional...
Challenges in Starting a MIC: Paying Dividends
One of the biggest challenges in running a MIC is when you first realize that the investors who were once your private lenders are now expecting...
MICs: The Technical Aspects of a Mortgage Investment Corporation
TYPE OF ENTITY FOR A MORTGAGE INVESTMENT CORPORATIONA Canadian Corporation throughout the taxation year where its business only undertakes to invest its funds, and thereafter qualifies...
Professional Corporations: What are they and how are they different from any other corporation?
Prior to the end of 2001, professionals could not incorporate their practices except as allowed by the laws that regulated their specific profession (all compliant professional...
ESTATES & EQUALIZATION: How the Courts can enforce your Family Law rights
Court OrdersThe court has extensive powers to enforce the equalization order, Family Law Act (FLA) section 9. It can order:Money to be paid;Security to be given;Payment...
Magna Intl. Inc. Shareholders Lose Appeal: Proposed Arrangement Satisfied “Fair and Reasonable” Test
The appeal by shareholders, British Columbia Investment Management Corporation and others, from Magna International’s successful application for an order approving a proposed arrangement pursuant to s....
BUSINESS: Sole Proprietorships, Partnerships, Limited Partnerships, Limited Liability Partnerships, Corporations & Joint Ventures
The most basic form of business organization, used in a wide variety of circumstances, is called a sole proprietorship. Such organizations are relatively inexpensive to set...
THE SHAREHOLDERS AGREEMENT: The most important agreement of your Company!
First and foremost a contract, a shareholders agreement has all the ingredients thereof, for it to be binding and legal. There is an offer and acceptance,...
CORPORATE LAW & THEORY: Examples of Share Classes (Rights & Restrictions) and Corporate Organization
Much too often I receive questions about the rights and restrictions that corporate shares carry with them, and what the concept of having different classes of...
DIRECTOR’S LIABILITY
Having regard to the wide scope of authority exercised by a company’s management (its directors and senior management officers), a broad range of duties and liabilities...