A corporation is a way of owning a business where the business is a separate and distinct legal entity from the owner. This legal distinction between business and owner creates several opportunities for both tax planning and creditor proofing. In Alberta, the Business...
Business & Corporate
What is a Professional Corporation?
Certain professionals including, lawyers, doctors, dentists, accountants and chiropractors, are not allowed to operate their practice through a corporation. This is because they are personal liable for professional negligence claims. The limited liability feature of...
Write it Down! Why written contracts are important
Some verbal contracts be valid even if they have not been put in writing. However, written contracts have several advantages to verbal ones. They will more clearly set out each party’s rights and obligations, accurately document their true intentions, provide a...
Landlords & Commercial Leases
As a landlord, your land and building is your business. In order to protect your investment, you need a comprehensive and favorable lease. By default, a lease gives the tenant exclusive use and possession of that property for the duration of the term. Unless the lease...
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The Best Closing Date
Of the closings our firm deals with, between 70-80% happen on the 1st of the month, the 15th of the month or the last day of the month or on...
The Responsibilities of an Executor
If you have the honor of being named as someone's executor, you might be thinking, "Now what?" There are many responsibilities of an executor you...