Business Law
Top 5 Things To Know When Buying a Business in BC
Buying a business is an exciting time and you want to ensure you take the right steps to make the process as smooth as possible. Before purchasing a company, consider the following: Know what you are buying: will it be the shares of the company or the assets. It is important to understand what structure…
Read MoreBC Covid-19 Business Recovery Grant and Benefit Program
BC Covid-19 Business Recovery Grant and Benefit Program Alert: New program criteria! As of March 4, 2021: The program has been extended to August 31, 2021 or until funds are fully expended, whichever comes first Businesses only need to show a 30% revenue loss from March 2020 to now when compared to the same one-month…
Read MoreNew Law: B.C.’s Land Owner Transparency Act (LOTA)
The Land Owner Transparency Act As of November 30, 2020, the Land Owner Transparency Act (“Act/LOTA”) will be in effect. The Act was created by the BC government as a measure to assist with tax evasion, fraud, and money laundering. The LOTA will be the first of its kind in Canada. The Act has established…
Read MoreBusiness in BC: Dr. Henry Announces Increased Covid-19 Measures
Dr. Bonnie Henry, British Columbia’s Provincial Health Officer, announced various Province-wide restrictions today that have an impact on Businesses in BC. BC Employers must review and reinforce their efforts on their COVID-19 Safety Plan A reminder that every business must have a Covid-19 Safety Plan which can be readily viewed by staff and members of…
Read MoreThe Mandatory Transparency Register For BC Businesses
As of October 1, 2020, private companies incorporated under the BC Business Corporations Act (“Act”) are required to maintain and prepare a Transparency Register. This requirement came into effect to assist with the fight against financial crime. Register Requirements The Register requires a company to list each “significant individual” who directly or indirectly: owns or controls 25% or more of the shares or…
Read MoreBC Businesses: Do You Have a COVID-19 Safety Plan?
***November 19, 2020 – UPDATE – Dr. Bonnie Henry, Provincial Health Officer, announced various increased measures to curb the spread of Covid-19 in the Province. Click here to see how it affects your business. “Every employer in BC is required to have a COVID-19 safety plan that assesses the risk of exposure at their workplace…
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