Buying a Gas Station?
Buying a Gas Station? If you are buying a gas station, whether it is your first time or third time, it is always recommended that you request certain documents as part of your due diligence. It will give you a better idea of the condition the gas station is in, and whether it has complied […]
What is a Not-for-Profit Organization?
What is a Not-for-Profit Organization? Not-for-profit organizations, also called non-profit organizations is a club, society, or association that is organized and operated solely for either: social welfare; civic improvement; pleasure or recreation; or any other purpose except profit. It has some similarities and differences compared to a for profit corporation: The main similarities are: A […]
Directors Of A Corporation – Who Are They?
Directors Of A Corporation – Who Are They? 1) What is a Director? A director is an individual who manages and oversees the running of the business of the corporation and makes certain important decisions. A director sits on the board of directors with the other directors of the corporation, if any. 2) How Many […]
Providing Notice of Termination When Evicting A Tenant
Providing Notice of Termination When Evicting A Tenant If a landlord decides they want to end their tenancy agreement with their tenant, the first step is to provide the proper notice. The Notice Form will change based on the reason the landlord is terminating the tenancy. The Notice of Termination is an essential step in […]
Who Does The Repairs In A Commercial Lease?
Who Does The Repairs In A Commercial Lease? First, we need to know that there are 3 main obligations when it comes to taking care of the property: MAINTENANCE REPAIR REPLACEMENT Within those 3 obligations, there are 2 subcategories: INTERIOR vs EXTERIOR STRUCTURAL vs NON-STRUCTURAL It is important that each lease should outline who is […]
Terminating A Tenancy For Personal Use Of Sale Of The Property
Terminating A Tenancy For Personal Use Of Sale Of The Property At the end of the term of the residential lease, if the landlord decides that they (or an immediate family member) would like to live in the property or if they choose to sell it and the buyer (or an immediate family member) would […]
The Advantages and Disadvantages Of Owning A Franchise
The Advantages and Disadvantages Of Owning A Franchise A franchise is a contract or agreement where a franchisor gives a franchisee the right to start a business under a business name that already exists in exchange for fixed payments. Think of it like a lease. You’re ‘renting’ the franchisor’s business system and brand for a […]
Real Estate 101: The Ins And Outs Of Chattels
Real Estate 101: The Ins And Outs Of Chattels What is a Fixture? A Chattel is considered personal property as opposed to real property. It includes any tangible movable items (furniture, lawnmower etc.) which are neither land nor permanently attached to the property. What is a Fixture? A Fixture, on the other hand, is an object firmly fixed in […]
Find Out If You Need An Extra Provincial Registration/License In Ontario
Find Out If You Need An Extra Provincial Registration/License In Ontario What Is It? Extra-provincial registration/licence is when a corporation incorporated under laws outside Ontario is required to obtain a licence from the Government of Ontario before they carry on business in Ontario. What Does “Carrying On Business” Mean? It includes, without limit to, having […]
What You Need To Know About Shareholders’ Rights To Corporate Records
What You Need To Know About Shareholders’ Rights To Corporate Records Imagine investing your money in a company and not knowing how the company is functioning. We have had many clients who are owners (shareholders) of a company only and not a part of management and not a director, who have been denied access to […]