The business lawyers at Ahlstrom Wright are frequently asked, “What is a Personal Guarantee and why do I need one?”. We hope this article answers some questions you may have about Personal Guarantees of corporate debt. If you or your business is in need of legal advice, please contact Ahlstrom Wright.
The corporate lawyers of Ahlstrom Wright are often asked questions regarding naming a business. In this article, we will be discussing the common confusion about the differences between corporate names, trade names, and trademarks.
Why Does Your Business Need A Lawyer? A lawsuit, a customer who refuses to pay their bill, hiring or terminating an employee, leasing a new space, or finding a new investor; these are all situations your business might encounter. Businesses of all sizes should have a trusted lawyer on standby for when the unexpected happens….
The two ways to sell your incorporated company are to sell your company’s shares or to sell your company’s assets. Note, that if your company is unincorporated you will only be able to sell the assets. There are several advantages and disadvantages to selling either the shares or the assets, and it is strongly recommended to obtain legal advice…
Just like when you sell a company there are two ways that you can buy a company. The purchase of a company that is unincorporated can only be accomplished by the purchase of the company’s assets . There are several advantages and disadvantages to either buying the shares or the assets of a company, and it is strongly recommended…
1. A Company is its own legal entity, separate from its owners and managers. 2. While there can be many benefits to creating a Company, the biggest single advantage is limited liability for the owners. 3. The owners of a Company are the shareholders who elect directors to operate and be responsible for the business. Those…
Under the Canada Business Corporations Act (CBCA), a unanimous shareholder agreement (USA) is an agreement among all of the corporation’s shareholders. A unanimous shareholder agreement restricts the powers of the directors to manage, or supervise the management of, the business and affairs of the Corporation (s.146). Boiled down to its essential components, a unanimous shareholder agreement is…
There are two statutes that govern the creation of corporations in Alberta; the Canadian Business Corporations Act and the Alberta Business Corporations Act. Corporations are a creature of statute and must be incorporated under the Alberta Business Corporations Act (ABCA), or, if the intention is for the corporation to operate on a national or international level, under the…
What is a Bylaw? As far as the word “bylaw” goes, most people tend to think of them as the rules that a city or town creates and adheres to. In some capacity one wouldn’t be wrong in thinking this, because technically a municipality is a corporation. Corporate bylaws are simply the rules of the…
