Uncategorized Archives - PARR BUSINESS LAW
It has become very popular in British Columbia to transfer property (assets) into joint tenancy. Usually, it is done as a vehicle to reduce probate fees and legal fees upon the death of the owner of the property. Generally speaking, it is good to have joint tenancy between a husband and wife, because it simplifies matters and saves money. Furthermore,…
Throughout drafting many Wills in our law practice, we have noticed the majority of people do not provide for charity. Here are four top reasons why the current generation does not provide more to charity: 1.Misunderstanding of the Benefits of charitable giving There is substantial misunderstanding surrounding the taxation of estates and the benefits of charitable giving. Many people do…
Trademarking your brand and business name is a smart choice that helps protect you against costly legal battles. It’s a quick, simple process to file for a trademark and it can have a lasting effect on your business. What is a trademark? A trademark is a single or a group of phrases, tones, patterns, tastes, colours, textures, scents, moving pictures, three-dimensional…
Having a Power of Attorney is a huge responsibility. If one is ever granted a power attorney by a loved one, the person who grants that authority (the “Grantor”) is putting you in charge of them if they were ever to become mentally incapacitated. Here are 10 important things to know if you are holding a Power of Attorney. 1.…
Incorporations, UncategorizedNovember 24, 20200Comments
Incorporating your small business is a big step and if done correctly, it can result in great growth for your business. However, you need to be aware of some common mistakes that small business owners tend to make when incorporating their business. 1.Not naming your business Many people are so concerned with the process of incorporating their business that they…
A partnership can be the make it or break it moment for many businesses. If done right, it can produce great growth and results. However, quite often a business partnership will end badly and not only ruin the business but relationships as well. There are many important factors that need to be considered when choosing your business partner and addressing…