Touchstone Law Group LLP, Author at Touchstone Law Group LLP - Kelowna Lawyers

DEC

2024

Is my address at Corporate Registry important?

As part of incorporating a company, the shareholders must appoint at least one director who will generally be responsible for running (and/or delegating) the day-to-day operations of the company and have a responsibility to ensure the company complies with certain obligations....

OCT

2024

Client ID Requirements- What Identification do I need to bring to my appointment and why?

The Law Society of British Columbia and virtually all financial institutions in Canada require proper identification verification for every client when a lawyer is retained to provide legal services with respect to a real estate matter. Though identification verification is...

OCT

2024

Selling and Purchasing a Property on the Same Day? Timing is Everything!

When it comes to purchasing and selling a property, there are three important dates to consider: completion, possession and adjustment. Each date can be set at any time, as long as it has been agreed upon by both the Buyer and Seller. The completion date is the date where the...

SEP

2024

TAF – What is that?

TAF, as it is referred to sometimes, is the Trust Administration Fee in British Columbia. You may have come across the acronym TAF on an invoice from your lawyer’s office if they were helping you with a real estate transaction, or in the dispersal of funds from an estate...

SEP

2024

How are dividends declared?

A dividend is a portion of a Company’s earnings or profit that is distributed to the shareholders. Dividends help determine the value of the Company’s shares and a history of dividend payments is often an indication to the shareholders that the Company is earning sufficient...

JUN

2024

Why Does My Occupation Matter?

You have purchased a property, congratulations! You are now being asked a list of questions by your lawyer (ex. full legal name, address, occupation, date of birth, citizenship etc.) and are curious, why do they require my occupation? This is a question we often get asked...

MAY

2024

What is a Share in a Company?

A share is a unit of ownership in a company, which is a separately incorporated entity created pursuant to legislation in a particular jurisdiction (a “Company”). To understand “shares”, one must first understand that a company is a separate legal entity distinct from the...

APR

2024

Name Change…..Now What?

You have legally changed your name and you have a shiny new driver’s licence to prove it. But wait, you own property, and it is in your former name. What should you do? We can assist with updating your name on the title of your property. We would prepare a Land Title...

APR

2024

Using a POA to Sell a Property

A Power of Attorney (“POA”) is a legal document that any adult (a “grantor”), with capacity to so, can sign to authorize one or more persons to manage their administrative, financial and property matters while the grantor is alive. Depending on the type of POA, it can be...

MAR

2024

What’s my Role in this Company – Part 3?

The Role of Shareholders While the first two articles in this series covered directors and officers, this one will cover those often referred to as “owners” who are the shareholders in a company. Under the Business Corporations Act, a shareholder is a party whose name...

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Is my address at Corporate Registry important?

Client ID Requirements- What Identification do I need to bring to my appointment and why?

Selling and Purchasing a Property on the Same Day? Timing is Everything!

TAF – What is that?

How are dividends declared?

Why Does My Occupation Matter?

What is a Share in a Company?

Name Change…..Now What?

Using a POA to Sell a Property

What’s my Role in this Company – Part 3?

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Client ID Requirements- What Identification do I need to bring to my appointment and why?

Selling and Purchasing a Property on the Same Day? Timing is Everything!

TAF – What is that?

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