August 2021

Selling or Buying a Small Business? Asset Purchase, Share Purchase Options.

There are three ways to acquire a privately-held business in Canada; purchase of assets, purchase of shares, and statutory amalgamation. As statutory amalgamations are not common in the privately-held context, this article will focus on purchase of assets and purchase of shares transactions. Asset Transactions Various tax considerations lead Canadian buyers to prefer asset transactions …

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Bankruptcy Fundamentals: Business or Business Owner as Debtor or Creditor? Must-Know’s.

With bankruptcy regularly making the news during COVID-19 times, it is increasingly necessary that you as a business owner or operator are aware of bankruptcy fundamentals, and how bankruptcy can help you. When it comes to bankruptcy fundamentals, the following sections are two that you will encounter in your bankruptcy journey – whether as debtor …

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