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LAW TIPS

General discussion only and not to be treated as legal advice.

Why should you have a shareholders’ agreement? 150 150 Jiang Hong Wilkin Business Law

Why should you have a shareholders’ agreement?

Unless a company has only one shareholder, there should be shareholders’ agreement. Especially for minority holders, their interest cannot be protected without a shareholders’ agreement. Majority holders control the board…

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What you must do next after incorporation? 150 150 Jiang Hong Wilkin Business Law

What you must do next after incorporation?

After incorporation, organizational documents should be prepared. They are usually prepared by lawyers. The organizational documents include the following: 1.    Who are the shareholders, the number of shares of each…

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Where should you incorporate in Canada? 150 150 Jiang Hong Wilkin Business Law

Where should you incorporate in Canada?

It is fairly easy to incorporate a company in Canada. You can choose to incorporate in a province or federally. The main factor to be considered is the requirement of…

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When should the buyer pay the purchase price? 150 150 Jiang Hong Wilkin Business Law

When should the buyer pay the purchase price?

Transaction Closing is the completion of a transaction. Closing is like a purchase where goods are delivered against payment. Goods in this case means legal documents. All the transaction documents…

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Why is a written document better? 150 150 Jiang Hong Wilkin Business Law

Why is a written document better?

Documentation is King. Many Chinese immigrants do not know the importance of legal documents in Canada. There should be documents as the proof of the transaction. A written document will…

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