There are two ways of buying and selling an incorporated business in Ontario: assets purchase and shares purchase. Today I’d like to briefly discuss them. (An unincorporated businesses under sole proprietorship or partnership may be sold through assets purchases only.)
Assets Purchases:
Typically, buyers prefer assets purchases. In this kind of sale, the buyer buys substantial or [...]

In Ontario, a parent is automatically the guardian of person of his or her minor child. However, a parent is not automatically the guardian of property for that minor child. A parent can only receive and manage property on behalf of a child by law, court order, or other documents.
Minor children may be entitled to [...]

Planning a wedding? Here are certain legal aspects that your wedding planner won’t be telling you any time soon.

In Canada, marriage for civil purposes is the lawful union of two persons to the exclusion of all others. In other words, same-sex marriage is legal, although religious officials aren’t obligated to perform marriages that are not [...]

What is a franchise?

While for most ordinary citizens the word “franchise” conjures up images of McDonalds or PizzaPizza, not many people can clearly define what a franchise is.
When used in the commercial sense, “franchise” refers to the sole right granted by the owner of a trademark or tradename to engage in business or to sell [...]

Commencing July 1, 2010, in Ontario, the Goods and Services Tax (GST) will blend with the provincial sales tax and become the Harmonized Sales Tax (HST) in Ontario. The new tax is set at 13%.
At the moment, a GST registered business collects the GST from the customers and pays the GST to its suppliers. At [...]