When buying or selling a business, it is common for part of the purchase price to be paid after closing. However, not all post-closing payment arrangements are the same. Holdback A holdback occurs when a portion of the purchase price is withheld by the buyer for a specified period after closing. The funds are intended […]
Read MoreA common misconception in closely held corporations is that a director who stops showing up, returns company property, and ceases all involvement has automatically resigned as a director. Not necessarily. Under the Ontario Business Corporations Act (OBCA), resignation and removal are separate concepts. A director generally remains in office unless they resign in accordance with […]
Read More
See More: https://www.bacd.ca/referrals/tt-law-professional-corporation/
Read More
On January 11, 2024, Canada marked a milestone by officially adopting the Apostille Convention, a move that significantly simplified the process of authenticating documents for international use. This ratification represents a crucial step in reducing the bureaucratic hurdles previously associated with document legalization, making life easier for individuals and businesses navigating global transactions. Read More […]
Read More
More Information: https://www.linkedin.com/feed/update/urn:li:activity:7309924618947964929/
Read More
More Information: https://www.linkedin.com/feed/update/urn:li:activity:7296200038425227264/
Read More
As the October 2024 deadline approaches, not-for-profits in Ontario face a critical juncture in their compliance journey with the Ontario Not-for-Profit Corporations Act (ONCA). This transition period brings significant changes to governance structures, reporting requirements, and operational frameworks, posing a range of challenges for many organizations. Read More: https://www.womensnonprofitnetwork.com/interviews/successfully-navigating-the-onca-transition-insights-with-tinju-thomas-lawyer-tt-law-professional-corporation
Read More