Five Things to Consider When Buying a Business in Ontario, Canada There are many things to consider when buying a business in Canada. In this article, we highlight five important things to consider before finalizing a business sale purchase deal. 1. Are you buying assets or are you buying shares? You can either buy the shares of a business or you can buy assets. Shares: When you buy shares of a business, you automatically assume all assets and liabilities of that business. For example, if someone owes money to that business, after the sale has been completed, you have the […]
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Meenakshi Tewari Jham giving advice to entrepreneurs on business law and on wills and estate planning on the program “What’s going on in our community!” – a show by Vicky C. Read about five things to consider when drafting a will. Transcript of video: Vicky: Hello everyone, its Vicky Chiappari on “what’s going on in our community”. Today we are here with Meena Jham. Thank you Meena for being here today. Meena: Thank you Vicky for having me. Vicky: Thank you, it’s a pleasure. She’s a lawyer and she does business, commercial and intellectual property and she […]
At Jham Law office, we believe in giving back to the community we serve. Meena Tewari Jham actively participates in various social and community projects. Brampton Community Mediation Services (BCMS) Meena Tewari Jham is a founding member of BCMS, a free community service that helps Brampton community members to resolve their conflicts in a productive manner. BCMS is a volunteer service that helps neighbors, families, students and other community members to address their concerns safely and resolve conflicts amicably.If you or the other community member reside in Brampton, you can approach BCMS to help resolve your conflict or address your […]
If you are a non-Canadian and want to incorporate a business in Canada, you may be wondering if a foreigner can incorporate a company in Canada. The short answer is yes, a foreigner can incorporate a company in Canada as a sole shareholder or with another foreign shareholder. However, there are some requirements that must be met. Incorporating a Business in Canada without a Canadian Partner There are no restrictions on residency or citizenship of shareholder(s) under the Canada Business Corporations Act (to incorporate a federal company) or under the Corporations Act, Ontario (to incorporate an Ontario company). A non-Canadian […]
Maybe you are thinking of moving to Canada, or else you have just moved here. Congratulations! But, you are an internationally trained lawyer and you’re thinking, how to become a lawyer in Canada? Read on for the process of becoming a lawyer in Canada as a non-Canadian lawyer. If you were practicing as a lawyer outside Canada, the process of getting accredited might seem overwhelming initially. Leaving the comfort of your practice back home and restarting your career in a new country requires patience and determination. In this article, I discuss the various stages of the licensing process. I will […]
A corporation (also referred to as a company) has a separate legal existence than its owners and is considered its own legal person. The rights and liabilities of the corporation are not the rights and liabilities of the shareholders. As a separate legal entity, a corporation has the rights, powers, and privileges (and potentially the obligations) of a natural person. It can hold property and carry on a business, and it is subject to legal and contractual obligations. A corporation offers the greatest flexibility in both the structuring of decision-making authority and of investment in the business. A corporation can […]
A partnership is created where two or more persons carry on business together with a view to a profit. There are mainly two types of partnerships – general (or ordinary) and limited. Registering a General Partnership If the general partners do not have a specific partnership agreement, the provincial partnerships acts govern their relationships. In Ontario, Partnerships Act governs the relationship between general partners. Partnership under the Partnership Act does not include a relationship between two or more companies or associations. Features of a Partnership To be a valid partnership, the relationship should fulfill the following three requirements: there should be […]
A sole proprietorship comes into existence whenever an individual starts to carry on business for his/her own account without taking the steps necessary to use some other form of organization, such as a corporation. You don’t need to register your sole proprietorship under any statute unless if you intend to use a name other than your own (full) name. If you intend to use your partial name or operate your business under any other name, you will need to register with the provincial statue (in Ontario, you will need to register with the Business Names Act) If your business earns […]
Canadian Experience Class Applications If you have worked in Canada as a skilled worker, you may be eligible to apply for Permanent Residency under the Canadian Experience Class. Below are the minimum requirements to be able to apply under the experience class: 1. Work experience You must have at least one year of work experience (in the last three years), in skill level 0 or skill type A or B in Canada. (a) Category of work The skill level and types are summarized in the National Occupational Classification (NOC). Skill level 0: refers to managerial jobs Skill type A: refers […]
Canada Atlantic Immigration Pilot Program The Federal government’s Atlantic Immigration Pilot Program is a program that is designed in partnership with the Atlantic provinces of Canada. There are four Atlantic provinces in Canada- New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island. The program offers immigration opportunity for foreign nationals who are offered jobs by eligible employers in the Atlantic provinces. Eligibility for Employers To be eligible under this program, the Atlantic employer must have a confirmation of designation from the Province. The employer must also establish a partnership with a settlement service provider organization in the region […]
A not for profit corporation (non-profit corporation) is an entity that is created for a non-profit purpose eg. social welfare, civic improvement, recreational activities, or for any purpose except for earning a profit. Any money earned by a non-profit is used to support the administrative and financial requirements of the entity or to further the objectives of the corporation. Unlike a for-profit company, the money earned in a non-profit cannot be used to pay dividends to its incorporators or members. Registering a Non-Profit Corporation in Canada A non-profit company can be registered federally (in Canada) or provincially (in a province […]
Canada Permanent Immigration Programs Canada is increasing gaining popularity as an immigration destination. There are several ways through which individuals or families can move or immigrate to Canada. Below is a list of the most popular immigration routes. Express entry Express entry is a program which combines applications under three categories- (i) Federal skilled worker program; (ii) Federal skilled trades program; and (iii) Canadian experience class. If you are applying from out of Canada as a skilled worker or skilled trade worker, you will apply under this program. You need to meet certain basic minimum requirements like language ability, minimum […]