If you are buying a business, due diligence is your opportunity to look under the hood before you commit. If you are selling, it is the buyer’s opportunity to do exactly that, which means you should ideally have looked under the hood yourself first. Due diligence can seem overwhelming, particularly when the first request for […]
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Section 85 Rollovers Explained for Quebec Entrepreneurs
rollover section 85
As Quebec entrepreneurs grow their businesses, many eventually begin thinking about: In many of these situations, one of the most commonly used tools by my clients is the Section 85 rollover. What Is a Section 85 Rollover? A Section 85 rollover is a mechanism under the Canadian Income Tax Act that can allow certain assets […]
Cash-Free / Debt-Free Explained: What Quebec Business Owners Need to Know Before Selling
buying business Letter of intent sale of business
If you’re an entrepreneur thinking about selling your business in Quebec, you’ll almost certainly hear the phrase “cash-free / debt-free” at some point in the deal process. It sounds technical, but the idea is actually straightforward once you break it down. Understanding it early can help you avoid surprises on price and protect the value […]
Buying a Business: What Is the Purpose of a Letter of Intent?
buying business Letter of intent sale of business
The letter of intent is a highly useful tool for structuring a transaction from the outset. It shows the buyer’s seriousness, brings clarity to the negotiation process, and protects the interests of both parties
Do I have to publish my commercial lease?
business law Law lease Uncategorized
Your company is a tenant in premises governed by a commercial lease. You love the strategic location, the rent is reasonable, your neighbours are friendly and all this is located just minutes away from an excellent Vietnamese restaurant. Even better, there are still six years left to go on the lease and you have a […]
Do your employees speak french?
UncategorizedYou thought you were done with all of these new obligations at the Registraire des entreprises du Québec (REQ)? Well, think again. Now that we have familiarized ourselves with the concept of ultimate beneficiaries, the REQ is introducing a new requirement. As of June 1, 2023, new businesses and those already registered with 5 to […]
Important new legal obligations for Quebec businesses
UncategorizedThe Government of Quebec is implementing new measures and enhancing the information available at the Registraire des entreprises du Québec (REQ). The aim is to improve corporate transparency, strengthen public protection and prevent/fight tax evasion. These new measures will come into effect on March 31, 2023 and, with a few rare exceptions, all Quebec businesses […]
Covid-19: The REQ extends your delay
annual declaration business register registrar req
The Registraire des entreprises has adopted a relief measure extending the deadline by which enterprises must pay the annual registration fee.
Is a verbal contract legally binding?
contract
The difficulty with these verbal contracts lies not in their execution, but in proving their existence.
Starting a business in Canada? File your investment notification.
buying business canada foreign Investment Canada Act investment notification Uncategorized
Investment notification under the Investment Canada Act If you are not a Canadian citizen and you are planning on doing business in Canada, you will need to fulfill several legal requirements (we have already addressed the obligation to register your business). Less known is the obligation to notify the Canadian authorities each and every time you start a new […]