Category: Business Law

COMMERCIAL FINANCE By: Puneet Kohli Simmons, da Silva & Sinton’s recognized Business Law Group selectively represents some of the largest banks and financial institutions in Canada, as well as private lenders. Our lawyers’ differentiate themselves from not only understanding the structuring, documenting, and negotiating of various types of leasing and lending transactions but by having an in-depth knowledge of the… Continue reading COMMERCIAL FINANCE

PROFESSIONAL CORPORATIONS FOR THE BUSY PROFESSIONAL By Puneet S. Kohli, BAS, LL.B. Since 1980, certain professionals have been permitted to practise their profession as a corporation, yet many chose not to as the advantages to incorporate did not create an overwhelming reason to bother. Moreover, the tax authorities have been traditionally hostile towards incorporated professionals… Continue reading PROFESSIONAL CORPORATIONS FOR THE BUSY PROFESSIONAL By Puneet S. Kohli, BAS, LL.B.

“Ready Weapons for Undue Influence” and other reasons for ILA By: Bruce Duggan Independent Legal Advice One of the most frequent questions/irritants Borrowers raise/experience in a commercial transaction is the requirement for their spouse to obtain independent legal advice. Typically, the complaint is that the spouse knows that what they are signing is a guarantee and that… Continue reading “Ready Weapons for Undue Influence” and other reasons for ILA

Common (Preventable) Succession Planning Mistakes By Howard Simmons Your eventual exit from your business will be the culmination of structured planning, days of discussion, many option variations, and probably a good deal of heated argument. Succession planning is a serious, ongoing, sometimes difficult and time-consuming project that has to be considered. No “if’s”,“and’s” or “but’s”. Through the… Continue reading Common (Preventable) Succession Planning Mistakes

Sink or Swim What not to do when setting up a business or new venture By Kyle Seeback   We’ve all heard the promises “Save hundreds, even thousands, in legal costs”.“Be your own lawyer” “You can set up your own company”.“Eliminate the hassle of lawyers”. But what is the real cost of doing it yourself?… Continue reading Sink or Swim – What NOT To Do When Setting Up A Business or New Venture

Everybody’s Gone Surfin’ !?! You Need An Acceptable Internet Usage Policy.  By Puneet S. Kohli  The Internet is supposed to increase employee productivity and is an important resource today for businesses. However, the misuse and abuse of a company’s Internet service can all but eliminate the advantages of having it and may result in unwanted… Continue reading Everybody’s Gone Surfin’ !?! You Need An Acceptable Internet Usage Policy

LANDLORD WAIVERS AND BANK SECURITY By: Bruce F. Duggan   Why should secured creditors be concerned about landlord’s rights? The common law gives landlords a right of “distraint”: an enforceable lien against the property of a tenant who has failed to pay rent. Distraint allows a landlord to seize a Tenant’s property, such as equipment,… Continue reading Landlord Waivers and Bank Security

Business Succession – The Family The healthy ownership transition to new shareholders and management By Howard Simmons It’s not easy to walk away from a lifetime’s work. As you begin to think about retiring, evaluate some of the options that will ensure that your business is in the hands of someone who has the same… Continue reading Business Succession – The Family