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I have read that as a sole director of a corporation by
I have read that as a sole director of a corporation by dissolving the company I would only be personally liable to pay back taxes owing on GST Payroll and CPP accounts and that I would not be liable … read more
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Second opinion] My husband and I own a business together.
Second opinion] My husband and I own a business together. Heowns 90% and I own the other 10. We are currently separated so we do not live in the same house together but we work together. I work full t… read more
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Here Is The Situation. Partner and I ran a previous company
Here Is The Situation. Partner and I ran a previous company (federally incorporated in Canada) - My partner wanted to go in a new direction with the company and start a new one, running the same opera… read more
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I have questions about whether or not to go corporate or
I have questions about whether or not to go corporate or sole proprietor with a business I am looking into. It's in a small town so it will probably just be a mom and pop operation with a part time em… read more
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My husband was given 25% of a company owned by his uncle. He
My husband was given 25% of a company owned by his uncle. He has never received any benefits from the company in regards ***** ***** Not long after being given the percentage his uncle died. The compa… read more
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. This question is related to Canadian tax and bankruptcy
Hi. This question is related to Canadian tax and bankruptcy law. It is a multi part question. First a little history. I am the sole director of a corporation. Because of some bad business decision I h… read more
Debra
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We plan to dissolve our business corporation. My husband and
We plan to dissolve our business corporation. My husband and I are the shareholders (50% each) We've had this corporation (trucking business) since 1993. We don't owe any money and are ready to retire… read more
Debra
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Hello, I own 100% shareholder in a Limited company (LTD)
Hello, I own 100% shareholder in a Limited company (LTD) in BC (“XY”). I received an Arbitration Award that indebts the company by $50,000. I am unable to pay. The company has no revenues and no asset… read more
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I set up limited company in 2011 to operate a restaurant.
I set up limited company in 2011 to operate a restaurant. I am only person listed for company. Closed in Feb 2012. Owe money to RBC. Our family banking is done with RBC. RBC has frozen my husbands cre… read more
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My husband and I are the sole directors of a ltd. company.
My husband and I are the sole directors of a ltd. company. I know we are personally liable for the GST owed the CRA. If we declare corporate bankruptcy, could we be also held personally liable for the… read more
Debra
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My husband and I own a ltd. company in Alberta. I developed
My husband and I own a ltd. company in Alberta. I developed a big shareholders loan account over the years and decided to take a lot of my money out in 2009. This year my husband fell in to personal b… read more
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My question relates to Estate and Corporate Law. My husband
My question relates to Estate and Corporate Law. My husband died May 2009, he left behind much debt and no assets. However, he was 100% shareholder in a company. The company also has no assets, howeve… read more
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husband and wife own equal share in company. At divorce they
husband and wife own equal share in company. At divorce they determine that debt owing on business equals assests and he sells his shares to her for $50.00. A division of marital assest contract was d… read more
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#1. Can an owner of a dissolved company be found liable for
#1. Can an owner of a dissolved company be found liable for any judgment made against it 2 years AFTER it has dissolved if there is no fraud involved with the dissolvment ? with including no allegatio… read more
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As an equal partner in a corporation,my title being vice-president,what
As an equal partner in a corporation,my title being vice-president,what is my personnal obligation if the company… read more
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I have a landscape construction company. We did some work for
I have a landscape construction company. We did some work for a client and we hired someone to come in and grade the land. The contract company that came to do the work drove on the driveway and crack… read more
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Can a registered corporation be garnisheed for a debt owed
Can a registered corporation be garnisheed for a debt owed personally by the owner of another corporation for which only the two corporations have done business and can the corporation which is named … read more
LawyerProfessor
LawyerProfessor
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Have a dormant but not closed corporation in Ontario. We
Have a "dormant" but not closed corporation in Ontario. We owe one creditor about $6000 and $8000 to CRA for GST. My 50%business partner had indicated all creditors had been paid before she withdrew a… read more
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