With the increase in purchases of remote and rural acreages, having a boundary survey completed could add value to your title and mitigate any potential problems with new neighbours.
Today’s blog article written by Freddy and Linda Marks from 3A Group Re/Max, addresses the benefits of having a survey completed along with a horror story of a situation where their buyers were lucky they did.
Within a real estate transaction, not all property is transferred in the traditional sense that both the dwelling and the subsequent land are conveyed in fee simple. An increasing number of transactions include purchases where the dwelling is conveyed in fee simple, but the land itself is merely leased to the occupant.
The article goes over how Ontario’s Superior Court of Justice had addressed two issues; the responsibilities of the seller when substantial damage occurs to a property in between the time of the signed Agreement of Purchase and Sale to the closing date, and what is considered substantial damage to property..
Real estate investing has long been a lucrative business practice. Whether you are new to the business, or already have multiple properties, it is important to make sure that you have the necessary legal safe guards in place. In order to best protect yourself and your business, there are many important legal steps that the prudent real estate investor should investigate and consider implementing into their business operations.
Written by Ted James @ tedknowsmoney.com
Image Source: Pexels
Start With a Well-Chosen Structure
Your business structure is more than just a legal requirement for paying taxes. It can provide benefits to your growing venture, especially in the long run. If you think you might add partners or investors, or if you want to protect personal assets, this will determine which business structure is best for your situation. Once you decide, connect with a legal professional from Carson Law to help you formalize your entity.
Tending Basic Legalities
As a business owner, there are plenty of forms, licenses, and permits required for a startup venture, and it’s important to make sure you have these taken care of in the very beginning. In some cases, this paperwork can determine how you pay your business taxes or how you go about hiring employees. And if you’re thinking about hiring employees, you’ll also need to start thinking about staying on top of payroll. Fortunately, you can use a payroll app to tackle things like issuing paychecks, setting reminders, and even paying your payroll taxes.
Be Successful Wherever You Work
Once you have the paperwork out of the way, it’s time to start thinking about getting to work. Starting a home-based business means you need to have a solid workspace that’s free of distractions, but it doesn’t have to be an expensive endeavor. If you have a spare room, basement area, shed, or garage, you can transform the space into a quiet spot to work from each day pretty easily. Make sure you have access to the internet, as well as a variety of devices such as a reliable computer or laptop, a printer, and noise-canceling headphones to help you stay on track if your family will be home with you. Look for storage solutions that will help you stay organized no matter how much you have on your plate, as well as a data plan that will help you keep your phone and internet bills reasonable.
If you simply don’t have an appropriate space at home and adding one isn’t an option, consider a coworking space. You can find a spot with the interaction — or privacy — necessary for your personal productivity, and these spaces are typically equipped with everything you need to get down to business. Plus, they naturally lend themselves to networking opportunities.
Find support
After you’re established, Callrail points out that it’s a good idea to look for support within your community and from other small business owners. These days, there are several ways you can network with like-minded individuals, from social media to conventions and other events. Think about your company’s branding and marketing plan and how you can make the most of it by partnering with other businesses, especially if you don’t plan to have a storefront. This is a great way to get your business’s name out there.
Starting a business involves a lot of planning and some careful steps, so it’s important not to rush through your decision-making process. Finding support and guidance from other small business owners is key, as they can help to mentor you as you get started.
Disclaimer
The content on this web site is provided for general information purposes only and does not constitute legal or other professional advice or an opinion of any kind. Users of this web site are advised to seek specific legal advice by contacting members of Carson Law, Carson IP, or their own legal counsel regarding any specific legal issues. Carson Law does not warrant or guarantee the quality, accuracy or completeness of any information on this web site. The articles published on this web site are current as of their original date of publication, but should not be relied upon as accurate, timely or fit for any particular purpose.
JAAG Properties Inc is one of the top companies in the Rent-To-Own industry today. JAAG Properties was founded in 2014 by Adam Wissink, President/CEO, and Alfonso Salemi, VP of Relations. JAAG Properties is based in London, ON but has over 100 Rent-To-Own properties across Ontario as well as in 6 provinces.
There are numerous ways for trade secrets to remain secret. This includes the implementation of non-disclosure or confidentiality agreements, confidentiality clauses in employment agreements, encryption of valuable information, password protection and lock and key in order to lock up important information.
Flower Creations has been in business in the Toronto area since 2001, earning a sterling reputation as a reliable, creative florist. They have impressively grown from a small family flower shop business in Toronto into the main destination of quality flowers and plants to many well-known corporations.
Jim is the most senior member of the team and heads up our Carson IP division, which focuses exclusively on intellectual property matters. While Jim has the distinction of being Ryan's father, he also acts as a patriarchal figure to the rest of the Carson Law family by providing guidance, insight, and opinions that only come with 40 years of legal experience.
Get to know Jim a bit better in this in-depth interview.
With social media integrated into our lives and workplace and the line between the two blurred, employers are looking to safeguard their company with morality clauses for new hires.
One of our law students, Sarah Nadon, goes over the importance of morality clauses, what to look out for and what to include.
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