Corporate, Commercial & Business Law / Legal Matters Weekly Publication

Acquisition of a Business – Do Such Contracts Affect the Decision to Acquire Shares or Assets?

Allan Snelling / January 19, 2017
Legal Matters Weekly Publication

Merry Christmas & Happy Holidays from all of us at Allan Snelling LLP!

Civil Litigation / Family Law / Legal Matters Weekly Publication

Cohabitation Agreements

Civil Litigation / Family Law / Legal Matters Weekly Publication / Wills & Estates

My Mother was recently diagnosed with dementia, what should we do with regards to her will and powers of attorney?

Articles, News, and Events

Separation and its Impact on the Matrimonial Home

My husband and I are separating after three years of marriage. The home we have lived in was mine prior to our marriage and it remains in my name alone. There is significant equity in the home. I understand that our assets will generally be divided equally, but does he have any claim on the…

Are Family Trusts Useful for Businesses?

A friend tells me that he used a family trust to multiply the use of the lifetime capital gains exemption and saved a lot of tax on the sale of his business. Is a family trust useful for my business? There are many types and uses of trusts. In essence, a trust is a contractual…

Termination: What is "Just Cause"?

Last month local newspapers reported the case of a McDonald’s employee in Kanata who was dismissed after receiving poor performance reviews. The employee received more than $100,000.00 in court. Why? The short answer is that the judge in this case found that although the employee’s performance was not perfect the employer did not have “just…

Asset Purchase v Share Purchase

I am negotiating to purchase a business and my business advisor has strongly suggested I structure the deal as an “asset purchase”. Why is this preferable? There are two principal ways to structure the agreement of purchase and sale of a business: as an asset purchase or as a share purchase. An asset purchase is…

Common-Law Relationships: Co-Signed Loans and Lines of Credit

My common-law husband of five years and I recently separated. We have no children, and divided our assets equally. He owns a small business and I have previously co-signed for a vehicle loan and line of credit for his business. Now that we are separated, am I automatically released from these loans? Separating couples often…

Medicine and the Professional Corporation

I am a practicing family physician with two young children. My accountant mentioned the idea of incorporating my practice into a professional corporation. How does this work? As a physician, you are generally permitted to create a physician corporation. The Ontario Business Corporations Act (OBCA) and the Regulated Health Professions Act govern physician corporations. Once incorporated, a Certificate of Authorization…

Termination of Employment and Reasonable Notice

Question: I’ve worked as a bookkeeper for 9 years. I started as a part-time employee but for the last couple of years I’ve worked almost 40 hours a week. My employer is retiring and selling the business. I’ve heard through the grapevine that the buyer is a competing business and likely won’t require my services so I probably…

Wills: How are they validated? Can I hand write my own?

I made my own hand-written will few years ago. I believe it’s valid and truly reflects my wishes, however my financial advisor told me I should get a proper will drafted by a lawyer. Why should I do that? Wills are legal documents that will dictate the distribution of assets after one’s passing and there…

Should your Separation Agreement be drafted by a Lawyer?

Q: My husband and I are separating. It is fairly amicable, and we have agreed on how we want to divide our assets and how parenting will work. Can we both see the same lawyer to draft a separation agreement? We would like to keep legal costs to a minimum. Everyone likes to avoid or…

Temporary Layoffs

Work at my business has slowed down quite a bit this year. I currently have 11 employees but there is not enough work to go around. I should be getting a set of new contracts that will keep everyone busy this spring, but I’d like to make some temporary layoffs in the meantime to avoid…