Prevent Heartache By Having a Lawyer Review Your Commercial Lease Part II – Leasehold Improvements

Prevent Heartache By Having a Lawyer Review Your Commercial Lease Part II – Leasehold Improvements

Leasehold improvements include anything that needs to be done to the space that you are going to lease in order to make it fit for your purposes. Your lease should outline who is responsible for making the changes, who is paying for the changes, and what the timeline is for getting it done. It should also make clear who is the decision maker with respect to the leasehold improvements. For example, if new flooring is to be laid do you get to decide the specific type or does the landlord.

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So What is Incorporation Anyway?

So What is Incorporation Anyway?

The topic comes up all the time. Are you incorporated? Are you going to incorporate? When is the right time to incorporate? But a large number of small business owners don’t know what incorporation actually means, or why they should or shouldn’t incorporate.

 

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What is involved in Probate in Nova Scotia?

What is involved in Probate in Nova Scotia?

In Nova Scotia, Probate is required if a person dies without a Will, if the Will is contested, or if there are assets within the estate which require probate (e.g. owning land or registered assets). Put simply, probate is the formal process where the court determines who will administer the estate, who the beneficiaries are, and which assets each beneficiary receives. 

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Who gets it when your gone? Dealing with your home when you pass away.

Who gets it when your gone? Dealing with your home when you pass away.

While it may seem like a morbid topic of conversation, it is an important one to have. What happens to your home when you die? In Nova Scotia, typically, when the first spouse to passes away, the home simply stays with their surviving spouse. This happens because most spouses hold their homes as "joint tenants".  This is only applicable in situations where both spouses are on title to the home, and listed as joint tenants. This designation is listed on the parcel register for your property and you can have a lawyer find this information for you if you are unsure of your current situation.

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Your To-Do list as 'Closing Day approaches.

Your To-Do list as 'Closing Day approaches.

If you are like many lucky Nova Scotians buying or selling a home, you are working with a great team of professionals who will help you through the process. Your mortgage broker, real estate agent and lawyer will all help make the process as smooth as possible. There are a few things that you will need to do as well.

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The 411 on legal Cannabis use in Halifax, NS

The 411 on legal Cannabis use in Halifax, NS

As of October 17, 2018, the use of cannabis will be legal all across Canada. The rules for having and using cannabis are different in each province. Here are a few notable points for Nova Scotia, particularly when it comes to using it where you live…

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Getting Ready to Move? Here are some dos and don'ts of having a Yard Sale.

Getting Ready to Move? Here are some dos and don'ts of having a Yard Sale.

A yard sale can be a great way to declutter and reduce the amount of stuff you have to move when you move out of your home. It is also a great way to make a little extra cash in the process. Here are some tips for making the most of your yard sale in Nova Scotia.

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What Should I do With my Life Insurance After a Divorce?

What Should I do With my Life Insurance After a Divorce?

When a couple separates, they know they will have to consider custody and parenting arrangements, support payments, and property division. One critical area that can be overlooked is life insurance.

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What's the difference between Federal and Provincial Incorporation?

What's the difference between Federal and Provincial Incorporation?

Incorporation is the act of making your business a corporation and is one of several forms of business ownership you can have in Nova Scotia and across Canada. When you incorporate and separate the owners from the company itself, your company is considered a person under the law. It will have the ability to have its own money, take out a loan, sue or be sued, contract with other persons and even be convicted of crimes. There are two different ways you can incorporate, federally or provincially. There are advantages and disadvantages to both federal and provincial incorporation, and you need to consider the type of business you have now, and what you would like it to look like in the future in order to make the best choice for your company.

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What is a Power of Attorney?

What is a Power of Attorney?

A Power of Attorney is a document in which you appoint an “Attorney” who can exercise certain authority on your behalf. For example, you might sign a Power of Attorney authorizing someone to sign an agreement on your behalf because you are out of the country when it needs to be signed. It is important to note that “Attorney” in this context does not mean “Lawyer”. Your Attorney under your Power of Attorney can be anyone that you know and trust.

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