Author: Hudson Law

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TIPS. THOUGHTS. RANTS.

READ HERE.


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TIPS. THOUGHTS. RANTS.

READ HERE.


Who should I get to help with my business succession plan?

It’s difficult to come up with a good business succession plan on your own. Instead, you should involve your professional advisors. Use a lawyer (big surprise, I know) and involve your financial advisor and your accountant. You might be able to think of other advisors who should also be included in planning discussions. Your advisor […]

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BLOG

TIPS. THOUGHTS. RANTS.

READ HERE.


BLOG

TIPS. THOUGHTS. RANTS.

READ HERE.


Rights of First Refusal, Piggy-Back Rights, and other Restrictions on Transfer of Shares

Most shareholder agreements for closely-held corporations will restrict the sale or transfer of shares. The purpose of these restrictions are to ensure that you don’t unwillingly end up in business with someone you don’t know and/or with whom you would not have gone into business in the first place. For example, if you’re in business […]

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BLOG

TIPS. THOUGHTS. RANTS.

READ HERE.


BLOG

TIPS. THOUGHTS. RANTS.

READ HERE.


BLOG

TIPS. THOUGHTS. RANTS.

READ HERE.


What if I don’t have a shareholders’ agreement?

If you own your corporation with one or more other shareholders, you need a shareholder agreement. The law doesn’t automatically provide for a buyout if one shareholder dies, or gets divorced, or becomes disabled, or what happens if the shareholders aren’t getting along. In the example of shareholders with irreconcilable differences, the Business Corporations Act […]

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BLOG

TIPS. THOUGHTS. RANTS.

READ HERE.


BLOG

TIPS. THOUGHTS. RANTS.

READ HERE.


Does my corporation need to have shareholder meetings?

Each year, the corporation has to have certain director meetings and shareholder meetings that follow the strict rules that are set out in the Business Corporations Act (Alberta), unless all of the directors and all of the shareholders sign written resolutions instead of having those meetings. With a small, closely-held corporation, the directors and shareholders […]

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BLOG

TIPS. THOUGHTS. RANTS.

READ HERE.


What does “registered office” for my corporation mean?

Every corporation in Alberta must have a “registered office” address listed with Corporate Registry. The registered office is the address where the minute book should be kept, and also where legal documents can be served on the corporation. Also, directors, shareholders, and other stakeholders of the company have rights to see the certain corporate documents […]

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