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The Joy of Canadian Tax: Show Me the Money!
A U.S. franchisor looking to expand into Canada has a daunting, but entrepreneurially acceptable, challenge ahead. One of the issues to be dealt with early on is: How will I be taxed at home and “abroad”? That's right: “abroad.” As tempting as it may be to view Canada as the 51st state, it just isn't so. North of the 49th parallel of latitude lies a foreign country complete with all the usual structural pitfalls.
Canada's tax system has many of the outward appearances of the U.S. system. There are some serious structural differences (such as the magnitude of absolute rates, marginal rates, federal-provincial arrangements, etc.), but the basic fact is that each country imposes taxes on income derived from commercial activity taking place within its borders, and has special rules to be applied when certain types of payments cross that 49th parallel. Fortunately, there is a tax treaty between the U.S. and Canada to bring better order, fairness, and balance to the process.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.