Kutner Law Blog
Sale of Goodwill before January 1, 2017 – Sale of Assets
Our dental clients have expended a considerable amount of effort in building the goodwill of their practice which in many cases exceed $1,000,000.00. On a sale of your practice (if you are selling assets not shares) the value attributed to
Almost all contracts entered into by our clients contain the clause “Time is of the essence”. This basically means that your covenants and obligations must be completed within the time frame agreed to in your contract. The following are a few examples of clauses in contracts, whether real estate or
Kutner Law LLP presented to Aim Home Realty on March 19, 2015 and discussed certain tax issues that may arise when purchasing residential real estate. For more information please download the presentation here.
At Kutner Law we are seeing more and more dentists teaming up to purchase or start new dental practices. In many instances this type of arrangement is beneficial to the dentists, it spreads the risk a
Whether you are a large corporation, a medicine professional corporation, a dentistry professional corporation, a holding corporation or any other type of corporation in Ontario you must have a minute
What is a Power of Attorney? A power of attorney is a document that gives someone else the right to act on your behalf. There are different types of powers of attorney: • Continuing power of attorney for property, which provides for a person of your choosing, also known as your “Attorney” to handle your
For the past few months we have been receiving questions from our doctor and dentist clients about whether the new federal budget would restrict or eliminate the advantages of setting up a professional corporation.
As we begin the 2016 year the market for dental practices in the GTA continues to remain as hot as ever. Many of our dental clients continue to look for that right practice and it is becoming increasingly more difficult. Our advice is to continue to look, sign up for all the broker listings and
Kutner Law LLP recently presented to a group dentists in North Bay, Ontario. Michael and Howard discussed the legal issues surrounding selling your dental practice. The event was put on by RBC’s health care team. The presentation covers diverse topics, such as: Selling Your Dental Practice Assets vs Shares Assignment of Lease Utilizing a Dentisty
General As many of you already know a dentist can add a family member (being a spouse, children and parents of the dentist) as a non-voting shareholder of the dentistry professional corporation (the “DPC”).