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Criss-cross Shareholder Buy-Sell Agreement | Canada
Have you started succession planning for your business? Ensure continuity of ownership and management with this Criss-Cross Shareholder Buy-Sell Agreement for Canada.
- The Buy-Sell Agreement provides for the purchase of one shareholder's interest by the other shareholder upon the death of the first shareholder.
- The purchase is made by a method called the 'criss cross' method. That means that each shareholder holds a life insurance policy on the other shareholder, and the deceased shareholder's shares are purchased using the proceeds of the life insurance.
- This is a fully editable legal form in MS Word format which can be customized to fit your circumstances.
- Governed by Canadian tax laws and ntended to be used only in Canada.
$29.99
Criss-Cross Shareholder Buy-Sell Agreement with Trustee | Canada
Ensure the continuity of ownership and management of your company, even if one of the owners dies, with this Shareholder Buy-Sell Agreement for Canadian businesses.
- The shareholders have appointed a trustee for the purpose of holding life insurance policies on each shareholder in trust to the benefit of the other shareholders.
- If a shareholder dies, the trustee, on behalf of the surviving shareholders, will purchase the deceased's shares in the company using the proceeds of the life insurance.
- This is a fully editable legal form in MS Word format which can be customized to fit your circumstances.
- Governed by Canadian tax laws and ntended to be used only in Canada.
$29.99
Shareholder Buy-Sell Agreement - Hybrid Method | Canada
The Canada Shareholder Buy-Sell Agreement (Hybrid Method) is an option that Canadians can consider to put a succession plan in place for the continuity of their small business.
- This type of buy-sell agreement is known as a 'hybrid' buy-sell.
- Under this Agreement, the corporation holds life insurance policies on each of the shareholders.
- Upon a shareholder's death, the corporation will collect the insurance proceeds, and use the proceeds to fund the purchase of the deceased shareholder's shares by any of the surviving shareholders who are interested, on a pro rata basis (proportional to their existing shareholdings).
- Any unpurchased shares will be redeemed by the corporation.
- The corporation will make an election for a deemed dividend to be paid from the capital dividend account if possible.
- The Agreement is governed by Canadian income tax laws.
- This legal contract form is available in MS word format and is fully editable.
$29.99
Shareholder Buy-Sell Agreement (Promissory Note Method) | Canada
Plan ahead for the continuation of your business upon the death or retirement of an owner with this Shareholder Buy-Sell Agreement (Promissory Note Method) for Canadian companies.
- The corporation will hold life insurance policies on each of the shareholders and use the proceeds to redeem and acquire its own shares from a deceased shareholder's estate.
- If a shareholder dies, the surviving shareholders can purchase the deceased's shares on a pro rata basis (proportionate to their current shareholdings) by issuing the corporation a promissory note for the purchase price.
- The corporation will loan the purchaser the amount of the purchase price from the insurance proceeds, and then makes an election for a deemed dividend to be paid from the capital dividend account if possible.
- This is a fully editable legal form in MS Word format which can be customized to fit your circumstances.
- Governed by Canadian tax laws and ntended to be used only in Canada.
$29.99
Checklist for Shareholder Buy-Sell Agreement | Canada
Learn how to prepare a Shareholder Buy-Sell Agreement with this checklist for Canadian companies.
- What would happen to your business if one of the owners dies or is no longer able to work? A Shareholder Buy-Sell Agreement provides for continuity of the business in those events.
- Topics included in the Checklist are:
- qualification of shares for capital gains exemption;
- provisions of any existing formal shareholder agreement;
- terms of purchase or redemption (or both) of a deceased shareholder's shares using proceeds of life insurance policies on the life of the deceased;
- whether life insurance policies will be held by the corporation, by the other shareholders or by a trustee.
- This is a fully editable legal form in MS Word format which can be customized to fit your circumstances.
- Governed by Canadian tax laws and ntended to be used only in Canada.
$12.49
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Shareholders Resolution Appointing Directors | Canada
Under Canadian corporations laws, the shareholders of a corporation must elect or appoint the directors. Use this easy template to prepare the required Shareholders Resolution.
- By passing the Resolution, the shareholders appoint the directors for the ensuing year.
- Each director being appointed must consent to act in that capacity. This template also contains a Consent to Act form to be signed by each of the incoming directors.
- You can re-use this downloadable form each year at the annual meeting of shareholders. Buy it, save it as a template, and prepare it for signature.
- This form can be used by federal corporations and by companies incorporated under any provincial Business Corporations Act except Quebec. English language version only.
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Directors Resolutions to Organize Corporation | Canada
Organize a newly incorporated Canadian corporation with these initial Directors Resolutions to Organize Corporation.
- These resolutions can be signed by all of the directors in lieu of holding a formal organizational meeting.
- The resolutions deal with the following matters:
- appointing the corporate officers,
- adopting the corporation's by-laws,
- adopting a form of share certificate and issuing shares to the initial shareholders,
- designating one or more officers as corporate signing authorities,
- appointing a bank,
- setting the fiscal year end of the corporation,
- indemnifying each person who acts as a director or officer.
- These Canada Directors Resolutions to Organize Corporation are provided as a downloadable MS Word file which is fully editable.
- The documents can be used by corporations formed under any Business Corporations Act, whether federally or provincially. Different forms may be required for Quebec.
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Corporate Resolutions Repurchasing Shares for Cancellation
Prepare corporate resolutions to authorize a corporation to repurchase and cancel shares from a shareholder with this easy-to-use template.
- The shareholders consent to the repurchase and the directors authorize the transaction and set the share purchase price.
- The file includes a Certificate of Corporate Officer certifying that the corporation is financially able to repurchase the shares and pay its debts.
- The Corporate Resolutions Repurchasing Shares for Cancellation do not contain specific references to federal or state / provincial laws and could be used in many jurisdictions.
- The form is available as a MS Word download and easy to fill in or customize where required.
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Office Policy Manual
Office managers can prepare a concise Office Policy Manual for their workplace with this ready-made template.
- The template includes sections covering many topics, including:
- working environment,
- proper business conduct,
- how the company deals with problems with an employee's performance of the job,
- holiday and vacation time,
- benefits package,
- harassment,
- pay scales,
- incident reporting procedures,
- on-the-job training and educational assistance.
- Every workplace should have a Policy Manual for its employees and managers to follow. You can download the template immediately after purchase.
- Available in MS Word format and fully customizable.
$29.99
Employee Manual Template
This ready-made Employee Manual is a comprehensive template of policies and procedures you can use for your company.
- The Manual covers all of the general topics related to employment matters including:
- expectations of both the employer and the employee with respect to job performance,
- benefits packages,
- vacation, holidays and paid leave,
- personnel administration,
- performance review process,
- insurance coverage (medical, long-term disability, etc),
- profit sharing and incentive programs,
- professional code of conduct,
- company meetings.
- This Employee Manual template is a fully customizable MS Word document.
- This is a generic document that can be used anywhere.
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