Businesses who find themselves embroiled in a commercial dispute have the opportunity to resolve it through mediation. Unfortunately, mediation can often fail to produce a settlement not because of a lack of will, but because of a lack of planning and understanding of the process. The goal of mediation should…
News & Resources
Selling a Business: Steps for a faster, smoother transaction
For many business owners the decision to sell their business is not an easy one. But once the decision to sell has been made, many owners become frustrated with the length of time needed and the detail required to complete the transaction. Recently released analysis of 9,000 transactions by an…
Buy / Sell Agreements on the Death of a Shareholder
In a recent blog post I outlined the benefits of dual wills for business owners as a means of providing a tax efficient manner of transferring the value of a business interest to his or her beneficiaries. However, this is only of value if there is something to be transferred…
Dual Wills For Business Owners
The use of “dual wills” is an estate planning tool available to business owners in order to transfer the value of their shares to their beneficiaries in a tax efficient manner. Having dual wills means that business owners have one will that deals with all assets of their estate except for their…
30 Tips for Preparing for Mediation
Mediation is a great opportunity to settle, make use of it. Consider mediating before litigation is commenced. Carefully pick your mediator. Arrange for production of documents priort to the mediation. Meet with counsel prior to mediation. Give thought to the interests of the other party and how you might meet…
Partnerships, Cost Sharing Arrangements and Tax Benefits
The question of what constitutes a general partnership versus a cost sharing arrangement has important tax consequences for professional corporations and is an issue increasingly being reviewed by CRA. The main tax advantage for professionals using a cost sharing arrangement is the ability for each professional to take advantage of…
Estate Planning FAQs
What are the main purposes of having a will? To appoint a person or person to efficiently manage your assets/business after your death and to carry out your wishes “executor”; To distribute your assets as you think best and to provide for the welfare of your family; To avoid or…
Labour Pains – An employment law blog for employers and employees
Employment lawyer Sean Bawden is the publisher of the award winning blog ‘Labour Pains’. To see all the posts, please click here.
