This is the last in a series of webinars we’ve run this month. You can watch recordings of all of the webinars here.
We’ve just posted a recording of Michael Hackl and Angela K. Pollard’s webinar “Considering declaring your small business bankrupt? How to avoid unexpected personal liabilities.” Check it out below. (Our apologies to Michael – the recording cut off the very beginning of his introduction.)
We know that COVID-19 has brought new challenges, including many legal ones. We know too that the old legal challenges are all still there. Finally, we know that organizers of all in-person conferences and workshops have cancelled them for the foreseeable future. The need to learn, however, has not stopped.
We’re here to help.
Join us in May every Wednesday at noon for a free legal webinar series. Continue reading “Free legal webinar series – every Wednesday in May”
In 2015, the Ontario Legislature enacted the Forfeited Corporate Property Act, 2015, which deals with what happens to property, including land and interests in land, which corporations own at the moment that they cease to exist.
Ordinarily, if a corporation owns land (or any property) when it is dissolved, the land “escheats” (is forfeited) to the Crown. Sometimes – often – the corporation is dissolved because of its failure to make its annual filings, and the dissolution occurs unbeknownst to the owners / directors of the corporation.
As part of imposing some rationalization on keeping track of the land in Ontario that Ontario corporations own, the Forfeited Corporate Property Act, 2015 amended the Business Corporations Act (Ontario) and the Corporations Act (Ontario) to require corporations governed by those statutes to complete and maintain a register of all of their “ownership interests” in land located in Ontario. (When it comes into effect, the Not‑for‑Profit Corporations Act will also impose this rule on the corporations that it governs; co‑operative corporations, on the other hand, have been spared the obligation to have such a register.) We previously wrote about this in March of 2017.
If your organization has been in existence since before December 10, 2016 and is either a business corporation incorporated under the Business Corporations Act (Ontario) or a non‑profit corporation incorporated under the Corporations Act (Ontario), then it has until this coming December 10th to put such a register in place.
Continue reading “Reminder: Ontario corporations must keep track of the land in Ontario in which they have an “Ownership Interest””
Chances are your organization has dealt with waivers if your services have the potential to create injury or liability to your clients or customers – for example, if you operate sports facilities or provide access to a physical space with potential hazards. If so, a recent decision of the Ontario Superior Court of Justice on the topic of waivers may interest you. It highlights that documents that release liability should be drafted very specifically to make it clear which legal rights are being waived.
Continue reading “Think your waiver has you covered? It might not.”
If you’re involved in a non‑profit organization that was incorporated under the Canada Corporations Act and your organization has not completed the transition to the Canada Not‑for‑profit Corporations Act, then you have until July 31, 2017 to do so. Corporations Canada has issued a notice that if the transition is not completed by July 31st, the corporation will be dissolved. In other words, the corporation will cease to exist, legally, and if it’s a registered charity, it could lose its charitable registration.
To obtain more details about what’s involved in completing the transition, you can check out the “Transition Guide” on Corporations Canada’s website.
If you have any questions about the transition process, you can also contact one of our lawyers.
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