Products tagged with 'canada purchase and sale of business'

Selling shares or assets of a Canadian business? Provide the purchaser with this Affidavit of Residency of Vendor.

• The Affidavit is made under section 116 of the Income Tax Act (Canada).
• The Affidavit must be sworn by either the vendor (if an individual) or a corporate officer (if the shares being transferred are owned by a company).
• The vendor attests that it is not a non-resident of Canada, as that term is defined in the Income Tax Act.
• This free form is provided in MS Word format. Easy to download, print and fill in.
• Intended for use only in Canada.

Before you purchase or invest in a privately held company, do your due diligence with this 5-page guide and checklist covering such items as:

• a review of the corporate documents,
• shareholders, shareholder loans, guarantees, options and warrants,
• financial review,
• corporate borrowing, credit facilities, and debt obligations,
• taxes and government compliance,
• operations management,
• products, competition, sales and marketing,
• employees and senior management,
• tangible and intellectual property,
• legal action by and against the business,
• overview of the company's insurance coverages,
• third party consents and approvals required.

Don't put your investment at risk by not doing your homework. Get the Investor / Purchaser Due Diligence Guide for private companies.

Use this 6-page checklist to help you navigate the issues and get through the process of selling your business.

• Topics include:
  • assembling your team of advisors;
  • defining your needs;
  • preparing an opportunity plan and a marketing plan;
  • disclosure documentation;
  • following up with interested parties.
• If your business has a value in excess of $1 million, this checklist can help you through the selling process.
• Available in PDF format.
• Prepared by an Ontario corporate lawyer with years of experience and expertise in assisting owners in the sale of their businesses.

Use this template to write up a Bill of Sale for Canadian business assets which will be held in trust to reduce taxes payable on the transaction.

• The vendor will hold the assets in trust for the benefit of the purchaser.
• The purchase price will be allocated between capital assets and goodwill.
• The parties will file the necessary GST elections to treat the transaction as a wash.
• The Bill of Sale also includes a form of Promissory Note which can be used if all or part of the purchase price is being paid over time.
• Also included is a Declaration of Trust with respect to the assets.
• Available in MS Word format.
• Governed by Canadian tax laws and intended to be used only in Canada.

Attach this Schedule to an Asset Purchase Agreement for the assets of a restaurant business in the Province of Ontario.

• Procedure for transferring the liquor license to the purchaser.
• The seller warrants that the employees are not represented under a collective bargaining agreement.
• Conditions of the purchaser for closing the transaction.
• Representations and warranties of the seller.
• Disclosure of revenues, expenses, contracts and business information.
• Assignment of service contracts and leases, trade names, signage and phone numbers from the seller to the purchaser.
• The Schedule to Asset Purchase Agreement for Restaurant covers the special conditions that apply when purchasing restaurant assets under Ontario provincial laws.
• Available in MS Word format and fully editable.
• Intended to be used only in the Province of Alberta, Canada.

Conduct your due diligence business review prior to buying a hotel or motel in Ontario with this Hotel or Motel Acquisition Due Diligence Checklist.

• The checklist lists the various issues that you should review with your legal and financial advisers before proceeding with the purchase of the hotel business.
• The form includes a breakdown of which items are to be handled by (i) the lawyers, (ii) the purchaser, (iii) the vendor.
• The Due Diligence Checklist is available in MS Word format and is fully editable.
• Intended for use in the Province of Ontario, Canada.