Part 2 As mentioned in our most recent post, this article will be exploring the advantages and disadvantages of opting to use a limited corporation when forming a business. Again, the purpose is to give you a brief overview of your options so that you can make the best decision for your business goals. What is a Limited Liability Corporation?…
Part 1 When starting a business, many individuals encounter the same issue: whether to use a limited partnership or a limited liability corporation. Each structure has its own pros and cons which will be explored so that you can make more informed decisions moving forward. This topic will be spread out over two posts. This post will be covering the…
The consequences of the COVID-19 pandemic have been wide reaching, especially for the energy sector. It has, and continues to, experience unforeseen challenges to its daily operations. For example, closures, employees quarantining or self-isolating, and disrupted supply chains. These difficulties have only been exacerbated by unprecedented declines in oil prices. As a result, it’s reasonable to assume that many oil…
The federal government has taken measures to help both Canadian businesses and families during the COVID-19 pandemic. While the Canadian Emergency Response Benefit targets individuals who have lost income due to COVID-19, the Canada Emergency Business Account (CEBA) supports small and medium businesses as well as not-for-profits. From determining whether you’re eligible for the program to understanding which documents to…
Real estate conveyancing is often exciting, but can be frustrating. Whether you’re buying a new home, transferring titles to a property, or selling your home, the team at Sodagar & Co. can guide you throughout the process. We are confident in our abilities to help you. From assessing your needs to drafting and filing the necessary documents, we can provide…
The COVID-19 pandemic has caused a lot of stress for both tenants and landlords alike. Reduced hours or unemployment essentially puts monthly rent paid on time at risk. As a landlord, if you’re wondering what your options are if your tenant is no longer able to make ends meet, read below. The government of Canada has urged landlords to keep…
Previously, we discussed the key considerations when making a will. We also detailed how to handle estate planning and execution amidst the COVID-19 pandemic in this post. However, what happens if you feel that you have been wrongfully disinherited by a testator? A testator is an individual who created a will and has now passed away. Essentially, testators are morally…
It’s no secret that the greater Vancouver housing market is an active one. However, given the number of transactions that were underway during the COVID-19 outbreak, it makes sense for contract-bearers to worry. A series of legal issues have risen, and continue to rise, regarding negotiating new transactions, transactions in progress, and lastly, transactions with binding contracts yet to close.…
Without a doubt, Canada is facing a significant slowdown due to the novel coronavirus or COVID-19. Businesses have shut down, international supply chains have been disrupted, international travel has slowed, and borders have closed. The pandemic has had, and will continue to have, unprecedented effects on the global economy. Ultimately, this will leave many individuals and businesses unable to follow…
Regardless of whether you’re an employee or employer, the coronavirus pandemic brings with it plenty of uncertainty, especially when it comes to employment. One of the most common problems right now is that employers are needing to reduce their workforce. This is due to various market pressures and for the safety of their communities. So, what does this mean for…