Business Law Show Episode 1: Incorporation
We are excited to launch our new, limited business law series: “The Rabideau Law Business Law Show”. Join Rabideau Law’s business/corporate law associate lawyer, Jumi D. Odepe and corporate law clerk, Catherine Hendy, as they discuss everyday business law questions and issues that come their way with the aim to simplify and enlighten. EPISODE 1: […]
5 things to do after incorporating your business
1. OPEN A CORPORATE BANK ACCOUNT Your business is now incorporated and you are ready for business. Your corporation is a distinct legal entity, separate and apart from you. It can sue and be sued, it can own assets, transact business and it therefore needs a bank account, separate from your personal account. To open […]
Personal Real Estate Corporations Part Three: Corporate Structure & Liability
The province of Ontario implemented the Trust in Real Estate and Sales Act (“TRESA”) on October 1, 2020 amending Ontario’s existing Real Estate and Business Brokers Act (“REBBA”). The comprising amendments update legislation and regulations for licensed real estate salespersons and brokers (“Agents”), reduce regulatory burdens, and provides more powers to the Real Estate Council […]
Personal Real Estate Corporations Part Two: Implications and Tax Incentives
Since the passing of the Trust in Real Estate Services Act, 2020 (“TRESA”) in October, licensed real estate salespersons and real estate brokers (“Agents”) have been able to imagine new possibilities for growth. The implementation of TRESA, allowing Agents to incorporate their business as Personal Real Estate Corporations (“PRECs”), providing Agents with appealing tax incentives […]