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Legal Insights
Explore our articles about common legal issues, and stay updated with Taylor & Taylor Law Corporation’s latest insights on business and estate law.

Understanding Personal Real Estate Corporations in British Columbia
A Personal Real Estate Corporation (PREC) is a unique type of corporation available to licensed realtors in British Columbia. Through a PREC, real estate services can be provided in a more structured way. In this article, we’ll cover the basics of incorporating a PREC.

What Happens to Real Estate After Death in BC?
In this article, we discuss three common scenarios in which title to British Columbia real estate transfers after a person’s death: transmission to a surviving joint tenant, sale of real estate by a deceased’s estate, and specific gifting of real estate to a named beneficiary in a will.

Transparency Registers: A Requirement for BC Private Companies
Recent changes to the British Columbia Business Corporations Act require private companies to create and maintain a Transparency Register containing information about significant individuals of the company.

Boilerplate Clauses in Commercial Agreements
In this article we discuss a selection of “boilerplate” clauses that regularly appear at the end of commercial contracts.

Annual Reports for BC Companies
In this article, we discuss the Annual Report and other routine annual paperwork that would apply to a typical, privately held British Columbia company.

Legal Due Diligence When Buying a Business
Conducting due diligence is an essential step before buying a business. This article discusses some of the basic searches that apply to most transactions.

Probate in British Columbia
Probate is a legal process under which a court validates a will. Obtaining probate serves several practical and legal purposes from the point of view of the executor.

Disability Trusts: Providing for Disabled Beneficiaries
A disability trust authorizes the trustee (or in the case of a will, the executor) to make discretionary payments to a disabled beneficiary. Increasingly, will-makers are interested in providing for disabled beneficiaries without jeopardizing their access to government assistance.

Common Questions about Commercial Leases
In this article, we give a brief overview of some of the questions we commonly receive in respect of commercial leases.

Incorporating a Sole Proprietorship
There are several reasons why many entrepreneurs start out as sole proprietors. Ease of set-up, low start-up costs, and the potential in some cases for tax benefits in the early stages of the business. That said, many sole proprietors eventually make the decision to incorporate, and there are a variety of legal and tax reasons for doing so.

Naming your British Columbia Company
If you are incorporating a company in British Columbia, one of the first considerations you may make is what to name your new company.

Legal Due Diligence in Commercial Real Estate
In this article, we explore some aspects of legal due diligence in the context of purchasing commercial real estate in British Columbia.

Transitioning to the new Societies Act of BC
Pre-existing societies in British Columbia must file a transition application under the Societies Act by November 28, 2018.

Estate Taxes: Information for Executors
This blog identifies some of the main tax obligations that executors and administrators need to consider prior to taking on the role.

Being an Executor of an Estate
Before taking on the role of executor, it is important to consider the duties, time, effort and potential for personal liability involved in accepting the role.