PLZ Law Blog

Category Archives: HST/GST/PST Liability

Real Estate Law: Goods and Services Tax/Harmonized Sales Tax (GST/HST)

Date: September 8, 2010 | Author: Maxim Zavet, BA, JD

In the OREA standard form agreement (“OREA Agreement”), there is a blank space provided where it should be indicated whether taxes are “included in” or “in addition to” the purchase price. Generally in residential resale transactions, this space is completed with “included in”, but it is essential to be correct because even though a used-residential ...

BUSINESS: Sole Proprietorships, Partnerships, Limited Partnerships, Limited Liability Partnerships, Corporations & Joint Ventures

Date: April 24, 2010 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD

The most basic form of business organization, used in a wide variety of circumstances, is called a sole proprietorship. Such organizations are relatively inexpensive to set up and require few legal formalities. In fact, a sole proprietorship comes into effect when an individual carries on business for his or her own account without the involvement ...

CORPORATE GOVERNANCE: Globalization and success will follow once the gender, racial and minority profiling is eliminated!

Date: April 22, 2010 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD

For long the corporate ladder has been an issue of survival of the corporate fittest, highly dominated by the white male.  So much so, that the white male is often thought of as the underlying decision maker, the one who makes the final corporate changes along with the one who delegates and sets the management ...

CORPORATE GOVERNANCE: Even the best CEOs need to remember that its the path they pave for the future that will provide them with immortality, not their current presence!

Date: April 22, 2010 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD

How does one win an Oscar?  Is George Washington considered so highly as an individual because he was the first American president or because he now has the capital of the U.S named after him?  How about Abraham Lincoln, not the first American president but just as renowned.  Is it because he was the first ...

CORPORATE GOVERNANCE: Transactional versus transformational leadership, the charismatic leader.

Date: April 22, 2010 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD

In its earliest stages the strongest influence on a “movement” is likely to be the charismatic leader who personally symbolizes its values.  At some point intellectuals play a leadership role by contributing to the developing ideology of the movement, be it corporate strategy or game planning.  And if a movement endures and grows for any ...

CORPORATE GOVERNANCE: Great teams build great companies that build great countries that build the world through teamwork!

Date: April 22, 2010 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD

The term labour movement is often applied to any organization or association of wage earners who join together to advance their common interests.  It more broadly applies, however, to any association of workers by geographical area, trade or industry, or any other factor.  While labour unions have been the almost exclusive centre of the modern ...

CORPORATE GOVERNANCE: Motivate your workforce with integrity, loyalty and dedication!

Date: April 22, 2010 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD

“A recent report suggests that corporations that provide day care to the children of their employees have significantly higher morale among personnel than corporations that do not provide day care.  Corporation XYZ is anxious to increase worker productivity and is instituting day care for the children of its employees.”(GMAT question provided by the Princeton Review)  ...

THE SHAREHOLDERS AGREEMENT: The most important agreement of your Company!

Date: April 17, 2010 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD

First and foremost a contract, a shareholders agreement has all the ingredients thereof, for it to be binding and legal.  There is an offer and acceptance, consideration, capacity, and above all a bona fide legal purpose. They (shareholders agreements) are a class of contracts relating specifically to the relationship between some or all of the ...

PIERCING THE CORPORATE VEIL: The Doctrine of Alter Ego

Date: March 11, 2010 | Author: Maxim Zavet, BA, JD

SImply registering a corporation does not insulate an individual from liability. The corporation must be organized and run properly in order to create a seperate entity.

CORPORATE LAW & THEORY: Examples of Share Classes (Rights & Restrictions) and Corporate Organization

Date: February 12, 2010 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD

Much too often I receive questions about the rights and restrictions that corporate shares carry with them, and what the concept of having different classes of shares is all about.  Thus, I decided to post up the most common examples of share classes and the way the rights were attributed to each class; so that you, the ...


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