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Update to OBR Service Delivery Options and Company Key Requirements
Notice from the Ministry of Public and Business Service Delivery and Procurement | November 25, 2024
We are pleased to share that through the Ontario Business Registry (OBR), the Ministry of Public and Business Service Delivery and Procurement has made great strides to ensure there are a variety of convenient and secure service channel options available to Ontario businesses, Service Providers (1), and Intermediary Organizations (2). This notice is to inform you about our expanding service delivery options and the requirements of a Company Key to access the OBR system.
Learn moreThe Dangers of Dabbling In Franchise Law
November 08, 2024
Franchise Law is a trap for the unwary lawyer. The consequences of getting it wrong can be significant, not only to the public, the client, and to various individuals related to the client, but also for the lawyer. According to LawPRO’s most recent statistics the average dollar value of a negligence claim against lawyers in franchise matters was approximately five times the claim value in almost every other area of law.
Learn moreAmanda Ramkissoon, Senior Regulatory Advisor, Ontario Securities Commission | September 20, 2024
In May, the Ontario Securities Commission (OSC) announced a set of initiatives it is testing to support early-stage capital raising for Ontario businesses. The initiatives include an extension of Ontario Instrument 45-507 Self-Certified Investor Prospectus Exemption (Interim Class Order), which permits Ontario investors who may not meet the accredited investor financial criteria, but have qualifying education or work experience, to invest in private Ontario businesses.
Learn moreUnlocking $10 Million in Capital Gains Deductions with Employee Ownership Trusts
Sanjay Kutty, Devon Molloy, James Konopka, and Arianne Carew | September 11, 2024
Business owners can now access significant tax benefits when selling a qualifying business to an employee ownership trust pursuant to a transaction that constitutes a qualifying business transfer. Among other benefits, eligible vendors are entitled to receive a shared pool of up to $10 million in capital gains deductions. This article will provide an overview of the eligibility requirements and an outline of the various benefits of EOT Transactions.
Learn moreFederal Public Transparency Register Highlights Ongoing Concerns for Trusts
Effective January 22, 2024, private corporations governed by the <em>Canada Business Corporations Act</em> are required to publicly disclose their individuals with “significant control” (“ISCs”); however, the ISC identification rules remain murky in their application to shareholders that are trusts. Government guidance is urgently required to ensure corporations and shareholders can properly meet these new obligations.
Learn moreSupply Chain Transparency Reporting in Canada Has Begun
Stephen A. Pike, partner, Gowling WLG | May 15, 2024
With the May 31 deadline for filing a report less than a month away, Canada's Fighting Against Forced Labour and Child Labour in Supply Chains Act ("S-211") is now a "front burner" item for many Canadian businesses.
Learn moreImportance of a Shareholders' Agreement
Jumi D. Odepe | February 10, 2023
A shareholders' Agreement is often overlooked by business owners. This shareholders' Agreement can assist the owners of the business entity to understand their rights, obligations, and expectations when it comes to their business dealings especially where there is conflict. It is important to assist clients to recognize why they require a shareholders' agreement where there is more than one shareholder in a business.
Learn moreTips for Business Lawyers on Getting Digital/Electronic Signatures
Kathleen Robichaud | February 10, 2023
This is a follow-up article to the one titled “Digital Signing of Documents for Business Lawyers”. The purpose of that article was to help with considerations on the use of electronic, digital or remote signing. The purpose of this article is to provide tips on getting documents successfully signed digitally or electronically once the decision to use that method has been made.
Learn moreBuying and Selling of a Business – An Overview
Ola Oshodi (ACIS) | November 08, 2022
The purchase and sale of a business mirrors the laws of contract in terms of its elements, however, there are more aspects to be considered. The purpose of this article is to give the reader a general overview of the process involved in buying and selling a business, and it is in no way exhaustive of the intricacies involved in buying and selling a business.
Learn moreFeatured Member: Lauren J. Dalton
Lauren J. Dalton | March 18, 2022
Our guest star for March's "Featured Member" series is Lauren J. Dalton, current newsletter editor and incoming chair of the International Business Law Committee. Lauren is an associate in the Corporate & Financial Services Department of Willkie Farr & Gallagher LLP in New York. We thank Lauren for her participation and hope you enjoy getting to know her!
Learn moreGet Involved: OBA Business Law Section Committees
September 21, 2021
Committee participation gives you a chance to play an important role in business law advocacy, education and legislative reform – all while building your profile and growing your network within this dynamic practice area.
Learn moreFeatured Member: Kathleen Robichaud
Lauren J. Dalton & Kathleen Robichaud | July 13, 2021
This month, we are introducing a new series, "Featured Members," to shine a spotlight on members of the OBA's Business Law Section. We hope this series can help to connect OBA members practicing in areas such as corporate, real estate and wills and estates law across the province of Ontario. If you would like to be included in the "Featured Members" series, please reach out to the Business Law Executive Newsletter Editor, Lauren Dalton, at ldalton@willkie.com.
Learn moreCorporations Information Act (Ontario): Corporate Annual Return Filing Changes
Kimberley A. Cunnington-Taylor, B. Soc. Sc., LL.B. | May 27, 2021
On May 6, 2021, the Ontario government enacted Ontario Regulation 335/21 , amending Regulation 182 of R.R.O. 1990 (the general regulations of the Corporations Information Act (Ontario). This article provides a summary of the impacts of the amending regulation on Ontario corporations, foreign business corporations and Ontario charities with respect to the filing of corporate annual returns.
Learn moreService Agreements: Common Contractual Errors
Anjana Bhaskaran, General Counsel, Box of Crayons, Inc. | February 24, 2021
There are nuances to be aware of when reviewing and negotiating a service agreement. These issues are important to address to ensure that the parties to the contract understand and agree to the nature and kind of services being provided thereunder. This article provides examples of common errors that are likely to be overlooked while reviewing and negotiating a service agreement and provides possible solutions to address problems that could arise.
Learn moreRecent SCC Decision on Pre-Incorporation Contracts Could Affect Ontario Not-for-Profits
Andreea Muth | February 20, 2021
A recent decision by the Supreme Court of Canada, involving a dispute over whether an agreement governing a parking facility had been adopted by a strata (condominium) corporation, provides a useful summary of basic contract principles applied in the context of a pre-incorporation contract. This decision is important for Ontario not-for-profit corporations and business corporations incorporated in Nova Scotia (even if they operate in Ontario).
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