Last year, we saw a drastic increase in the number of licensed realtors who inquired about incorporating a personal real estate corporation. A personal real estate corporation (“PREC”) allows licensed realtors to take advantage of the benefits of incorporating....
A power of attorney, or a POA, is a legal document that allows one person, the “Adult”, to appoint another person, the “Attorney” to assist with legal and financial matters (note that Attorney does not mean lawyer in this context). A POA is part of...
We are frequently approached by clients who are either professionals (i.e. realtors, doctors, dentists, physiotherapists, optometrists, etc.) or who have a sole proprietorship and are thinking about incorporating and require advice. There are several advantages and disadvantages associated with incorporating that must be considered prior to...