July 2015

All posts from July 2015

What is Key Person Insurance? A Brief Note

by Allan Oziel on July 9, 2015 No comments

When drafting Shareholders Agreements with clients, we often explore whether the corporation should consider taking out Key Person Insurance or whether we should create a requirement to obtain this type of insurance in the Shareholders Agreement.

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Allan OzielWhat is Key Person Insurance? A Brief Note

“Doing Business” – Untangling The Complicated Extra-Provincial Registration Requirements

by Allan Oziel on July 2, 2015 No comments

I often get calls from clients asking what they require in order to do business in a particular province. Often these questions come from international clients who wish to do business in Canada, but we also have questions from businesses who operate in a particular province but wish to “do business” in another province.

Unfortunately, the quick answer is the dreaded “it depends”. Typically, to “carry on business” in a particular province in Canada, you need to be incorporated in that province or have a business license to operate in that province. If your company is already incorporated in a different jurisdiction (another province or foreign country), then you would need an Extra-Provincial License.

But what is considered “carrying on business”? Each province has legislation (whether their corporate statute or a specific extra-provincial corporations statute) that provides a definition of what is considered “doing business”.

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Allan Oziel“Doing Business” – Untangling The Complicated Extra-Provincial Registration Requirements