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 […]
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
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 […]
You 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 […]
The 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 […]
The Registraire des entreprises has adopted a relief measure extending the deadline by which enterprises must pay the annual registration fee.
The difficulty with these verbal contracts lies not in their execution, but in proving their existence.
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 […]
Tax season is in full swing and your accountants are working overtime trying to complete your corporation’s financial statements. Although most entrepreneurs already know that their businesses must prepare these financial statements on a yearly basis, very few know that the Law (whether it be at the Quebec or at the federal level) requires that […]
Instead of launching a new business from scratch, many entrepreneurs prefer buying one already in existence. Whether it be purchasing a corporation’s shares or buying the bulk of its assets, it is essential that such an important investment be preceded by a thorough review of the target business. In other words, just as you wouldn’t […]