Effective October 1, 2020, amendments to the Business Corporations Act (“BCBCA”) (through Bill 24) will require private BC companies to keep and maintain a transparency register (“Register”) which requires detailed information on all “significant individuals” (see summary below).  The BCBCA amendments and Register will increase transparency of corporate ownership in an effort to tackle tax […]

A covenant that restricts a person from operating in an area or industry is commonly known as a non-competition clause.  These clauses can be built into agreements with the intention that the seller of a business, or a new business partner, will not take the expertise and reputation gained from the role and use it […]

When bringing on assistance for a business it is important for employers to determine whether the person should be brought on as an employee, or an independent contractor. How you characterize the relationship will have consequences in how the individual is treated from that point on by the employer, and could have unintended and adverse […]

When entering into the sale or purchase of property in British Columbia (BC), there will be conveyancing costs associated with those transactions, which include fees, disbursements, and other costs payable such as property transfer tax (on a purchase). These are often referred to in sum as “closing costs” when buying or selling. Closing costs will […]

Whether or not to incorporate, that is the question. Or at least, that is a question that we get asked often. There is no simple and straight-forward answer to this, and we hate to say it, but it will depend on your business and some circumstances involved, such as: risk level, costs, and number of […]