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Shareholder Agreements: Pitfalls and Concerns
A shareholder agreement is a vital document that outlines the rights, responsibilities, and obligations of shareholders within a corporation. While it serves to prevent disputes and provide clarity, certain pitfalls and concerns can arise if not carefully addressed. ...
When to Incorporate vs Sole-Proprietorship?
Choosing between operating as a sole proprietorship or incorporating your business is a pivotal decision that influences various aspects of your enterprise. Let's explore this choice from multiple perspectives: Incorporate vs Sole-Proprietorship 1. Growth Sole...
What Are the Tax Implications of Selling My Business via an Asset Sale, Share Sale, or Hybrid Sale?
When selling a business in Canada, structuring the sale as an asset sale, share sale, or hybrid sale can have significant tax implications under the Income Tax Act (ITA). Understanding the differences between these structures helps optimize the tax outcome for both...
The Importance of Financial Planning for Long-Term Business Success
Financial planning is a crucial aspect of long-term business success. It involves setting financial goals, creating a budget, and outlining the steps needed to achieve those goals. For businesses, effective financial planning can lead to increased profitability,...
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