Month: August 2022

Dissolving a Corporation

A corporation is a separate legal entity under the law. In BC, the Business Corporations Act allows for the dissolution of a corporation. The effect of dissolution is that the corporation no longer exists. There are four main ways in which a corporation can be dissolved:Dissolution for failure to file an annual report;Dissolution by request;Voluntary […]

Increased Court Costs Denied Despite COVID

In Dunn v. Heise, 2021 BCSC 2215, the plaintiff was awarded more than $800,000 in damages after being injured in a motor vehicle accident. Following the trial, the parties returned before the trial judge to resolve the issue of court costs. As we’ve discussed before, costs are an amount of money awarded to the successful […]

Share Classes

The shareholders of a company are often referred to as the owners of the company. Shareholders do not have any direct ownership in the assets of the company as the company is a separate legal entity. A shareholder’s ownership rights are instead represented by their shares in the company. When purchasing shares of an existing company […]