Labour & Employment Law Seminar
June 3, 2010
Workplace Violence & Harassment - Key Elements for Bill 168 Compliance
There is a tendency for spouses not to enter into shareholder agreements, which is quite understandable. On the other hand, this tendency can create a legal mess upon divorce.
Two (of many) principles to think about:
Every spouse thinking about putting shares of his or her corporation in the name of the spouse for income tax or creditor protection purposes should think about whether it is really a good idea, and consider whether there are better alternatives, such as using a family trust.
Every couple involved in a business together should consider having a shareholders agreement.
Photo by Maureen T. McKay