Touchstone Law Group LLP
#208 – 1664 Richter Street
Kelowna, B.C., V1Y 8N3
Office Tel: (250) 448-2637
Toll Free: 1 (855) 889-2637
Direct Fax: (778) 484-7101
info@touchstonelawgroup.com
19
MAR
2018

Duties of Directors

When acting as a director of a company, there are certain duties that you must adhere to.  These two broad duties are known as the fiduciary duty and the duty of care, and are owed by directors individually to the company itself, not to stakeholders such as shareholders or...
05
SEP
2017

What’s in a Name?

One of the most fun, and sometimes most difficult, parts of setting up a company is selecting the perfect name. In this article we will introduce some of the elements which must be included in a corporation’s name and discuss some of the things to consider in choosing a name for...
08
AUG
2017

Partnerships in BC

When starting up a business, you will have to decide on the form of business entity that suits your specific needs. Three of the most common business entities are sole proprietorships, partnerships and corporations. In this article we will canvas some of the unique features of a...
13
JUL
2017

REFRESHER: British Columbia Home Owner Mortgage and Equity Partnership Program (BC HOME Partnership – BCHP)

The BC Home Owner Mortgage and Equity Partnership is a program that offers financial support to first-time homebuyers in British Columbia for entry into the housing market. The program provides repayable loans that have been granted to help first time homebuyers achieve their...
05
JUL
2017

Arbitration Clauses

In today’s increasingly complex and fast paced corporate world, commercial entities often wish to avoid the expensive, time-consuming and adversarial world of litigation in contemplation of contractual disputes arising between two parties. As a result, alternative dispute...
06
JUN
2017

What are guaranteed funds and why do we need them?

When purchasing real estate, a company or another asset, you will be asked to provide your lawyer or notary with the purchase price by way of “guaranteed funds”. Guaranteed funds, also known as certified funds, is a type of payment which is guaranteed to clear. This means that...
03
APR
2017

When to Register as an Extraprovincial Company

A company wishing to incorporate may choose to incorporate pursuant to the provincial statute of their home jurisdiction (for example, the Business Corporations Act of BC, referred to herein as the “Act”) or pursuant to the federal statute (the Canada Business Corporations Act). ...
27
FEB
2017

Best Practices to Consider when Lending

The ultimate goal of a creditor is to be repaid for the credit that they advance to a debtor in accordance with the terms that they have agreed to lend funds to the debtor.  For example, a creditor who grants a loan to a debtor wants the debtor to repay the principal amount of...
15
FEB
2017

Incorporation of Professional Corporations in British Columbia

In British Columbia, there are a number of different colleges and regulating bodies that govern specific professions operating within the province.  Each of those institutions provides for their own set of requirements for registrants in a particular industry including, but not...
10
NOV
2016

Transition To The New Societies Act

A new Societies Act (the “Act”) will come into force in British Columbia on November 28, 2016 replacing the existing Society Act.   Some of the notable changes under the new Act are as follows: Who can be a director? Under the new Act, an individual must be “qualified” to act as...
12