What does “Incorporation” mean? What is a Corporation? How do Incorporations work?
Many Entrepreneurs wonder: What does “Incorporated” mean? Is incorporation necessary? What is limited liability?
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Lawson, Clark & Oldman
Jun 18, 20193 min read
Selling your Business? Don't Forget About Third-Party Consents
Whether you are selling your business vis-à-vis an asset sale (selling the underlying assets of the business) or a share sale (selling...
Lawson, Clark & Oldman
Apr 15, 20193 min read
The Interplay Between Pre-Incorporation Contracts and Real Estate Deposits
A pre-incorporation contract is one in which a person (known as a functionary or promoter) enters into a contract on behalf of a...
Lawson, Clark & Oldman
Jan 12, 20193 min read
Corporate Amalgamation: What is it, how is it done, why do it?
Amalgamation (also known as merger) in the corporate world refers to a process whereby two or more corporations unite to form one...
Lawson, Clark & Oldman
Dec 18, 20183 min read
What Does it Mean to Personally Guarantee a Corporate Business Loan?
Many business owners will need to secure financing from a bank or other financial institution at some point during the business cycle....
Lawson, Clark & Oldman
Nov 18, 20183 min read
Attention Professionals: What You Should Know About Professional Corporations
Since late 2001, regulated professionals such as lawyers, accountants, physicians, dentists, chiropractors, veterinarians, architects,...
Lawson, Clark & Oldman
Aug 23, 20183 min read
When are you Personally Liable for your Corporation’s Debts and Obligations?
You’ve done your homework, consulted with your accountant and lawyer, and have decided that it is the right time to incorporate your...
Lawson, Clark & Oldman
Jul 24, 20183 min read
Structuring Your Company’s Share Provisions: Involve Your Lawyer and Accountant
One of the key considerations when incorporating a new company is how to structure the share provisions in the articles of incorporation....
Lawson, Clark & Oldman
Mar 16, 20183 min read
Do You Have a Legally Binding Contract?
While it may seem like a simple answer, at times many people do not truly know whether they have a legally binding agreement with another...
Lawson, Clark & Oldman
Jan 28, 20183 min read
Creditor-Proofing Techniques for Your Incorporated Business
Whether you’ve built your own business from the ground up or have been tasked with taking over the long-time family business, it would be...
Lawson, Clark & Oldman
Dec 21, 20173 min read
How and Why You Should Keep Your Corporation’s Minute Book Up to Date
A corporation’s minute book is a story of the corporation’s life from beginning (incorporation) to end (dissolution). Although...
Lawson, Clark & Oldman
Jul 15, 20173 min read
Rolling Over Business Assets into Your Newly Incorporated Company
Suppose you have been running a business as a sole proprietor – that is, on your own with all the debts being your responsibility in your...
Lawson, Clark & Oldman
Jun 23, 20173 min read
Passing on the Family Business? Consider these Estate and Tax Planning Strategies
A family owned business would typically involve the parent or parents owning and operating the business, as well as the children or other...
Lawson, Clark & Oldman
Apr 16, 20173 min read
Buying a Business? Consider The Differences Between Asset vs. Share Deals
When purchasing a business, the transaction can be structured in one of two ways: an asset purchase or a share purchase. There are...
Lawson, Clark & Oldman
Mar 21, 20173 min read
The Non-Binding Letter of Intent
The legal documentation that is involved in the purchase or sale of a business, or in other major business transactions, can be complex....
Lawson, Clark & Oldman
Feb 25, 20172 min read
What is a Shareholders’ Agreement and Do We Need One For Our Small Company?
When setting up a company with family or friends, it is easy to believe that nothing can go wrong in the future. You might assume that,...
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