Business

WINDING UP A CORPORATION General When a corporation is no longer active it should be wound up under section 237 of the Business Corporations Act. If you do not you…

SHAREHOLDER'S AGREEMENTMEMORANDUM GENERAL A shareholder' agreement is very advisable in a small company. It prevents the problem of the shareholder's dispute being resolved through court action. In a court action,…

PURCHASE OR SALE OF SHARESMEMORANDUM GENERAL In a share purchase transaction, the Purchaser is buying only the shares of the corporation and thus acquires control of the company, which in turn…

PURCHASE OR SALE OFBUSINESS ASSETS MEMORANDUM GENERAL Purchase of a business and being self-employed is an important step in your career. Statistics show that proper advice from the professionals such…

PROMISSORY NOTE General Promissory Note is a binding agreement to pay the promised sum to the payee named in the Promissory Note. To make the promissory note effective one must…

PROPRIETORSHIP, PARTNERSHIP,AND INCORPORATION MEMORANDUM LEGAL FORMS OF BUSINESS ORGANIZATIONS There are three basic ways in which a business organization can exist, namely a sole proprietorship, a partnership, and a corporation. A…

INCORPORATIONMEMORANDUM ADVANTAGES OF INCORPORATION There are many advantages of incorporating and all the advantages cannot be set out in this short memorandum. The most important advantage is the limitation of…

CHANGE OF HEAD OFFICEOF A CORPORATION General A corporation is a separate legal entity from the shareholder owning the corporation or directors who manage it. To locate a corporation you…

FRANCHISE AGREEMENTMEMORANDUM General A large amount of retail trade in Canada is now conducted through franchise organizations. A franchise permits you to acquire the know how of an experienced franchisor…

EMPLOYMENT AGREEMENT MEMORANDUM RE: Employment Agreement Written employment contracts are not common except for the employees at the higher management levels. When an agreement is prepared the agreement binds the…