shareholder agreements Lawyer

My business partner and I are the shareholders of our incorporated restaurant. Everything is going well between us but we’ve be told that we should have a shareholders agreement for our corporation. What is a shareholders agreement and why do we need one? A shareholders agreement is a contract between two or more shareholders of…

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Kanata CA personal injury, family, and real estate law firm

My wife and I are separating after 7 years of marriage. Will I have to pay child support for my two step-children? The simple answer is “possibly”. In determining whether or not a step-parent will be required to pay support, there are several factors that merit consideration. The courts have determined that the test of…

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Kanata CA personal injury, family, and real estate law firm

What Does De-Criminalization Mean? A good question. It is not a legal term. It is a political phrase which is at best ambiguous, and perhaps dangerous in so far as it invites assumptions which are not accurate. We have all heard the term used in the context of a debate currently in vogue with the coming federal election. If…

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Kanata CA personal injury, family, and real estate law firm

We are buying our first home. The bank insists that we add my father as a co-owner of the home in order to qualify for the mortgage amount we need. The entire down payment is coming from our savings and we will be making all the mortgage payments. I would rather not include my father…

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My neighbor tells me that he pays his adult children out of his business corporation to fund their costs and expenses while they attend university, and saves a lot on tax compared to what he would pay if he personally funded their expenses. How do I set up my business corporation to do this? The…

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Kanata CA personal injury, family, and real estate law firm

Q: My wife and I are separating. We have two sons, 11 and 8 years old. Things are reasonably amicable between us, especially regarding the children, and we are trying to figure out custody and access. We both work full time and will be living near each other. What does custody mean, and what sort…

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Kanata CA personal injury, family, and real estate law firm

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…

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Kanata CA personal injury, family, and real estate law firm

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…

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Kanata CA personal injury, family, and real estate law firm

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…

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