Our Resources: Know the Law and More

Owning a business comes with many moving parts. Some you can handle yourself, while others you need to look for professional assistance. Although you may not believe you need their services, it is always a good idea to have them on standby. Hiring a corporate lawyer or accountant is a prime example. Most businesses can get by with only needing an accountant at tax time. There is accounting software that assists in recordkeeping. When it comes to legal issues, you want to spea

Estate planning is often viewed as something people can put off until retirement. Many individuals focus on building their careers, purchasing a home, raising a family, or growing a business before ever considering a will or power of attorney. The reality is that important life events can happen at any age, making estate planning an essential part of protecting yourself and the people who matter most. At Picov & Kleinberg, we help individuals and families throughout Toronto a

When someone passes away without a valid will, their loved ones are often left with more questions than answers. Who is allowed to manage the estate? Who receives the property? What happens if children under the age of 18 are involved? In Ontario, dying without a will is called dying intestate, which means your estate is handled according to provincial law rather than your personal instructions. For many families in Toronto, this can create confusion during an already difficu

young or that their estate is too simple to require formal planning. However, having a legally valid will is one of the most important steps you can take to protect your family, your assets, and your peace of mind. Working with a trusted will attorney in Toronto ensures your wishes are respected and reduces stress for your loved ones during an already difficult time. How a Legally Drafted Will Puts You in Charge of Your Legacy A will allows you to clearly state how your asset

Toronto’s real estate market is one of the most active and competitive in Canada. Buyers and sellers often work under tight deadlines, high price pressures, and rapidly shifting conditions. In this fast‑paced environment, even small errors can lead to major financial consequences. For many individuals, a home purchase or sale is the largest transaction of their lives, which means that proper legal protection is essential. A real estate lawyer plays a critical role by reviewin

Navigating the legal landscape of corporate compliance in Ontario is essential for any business aiming to operate smoothly and avoid costly penalties. Whether you're launching a startup or managing an established enterprise, understanding your obligations under provincial and federal law is key to maintaining good standing and fostering long-term success. Key Compliance Requirements in Ontario Corporate compliance refers to the processes and practices a business must follow t

In the bustling city of Toronto, where the business landscape is as dynamic as the skyline, the importance of legal expertise cannot be overstated. Whether you are a business owner, a homebuyer, or a property investor, hiring a local Toronto-based lawyer can provide you with invaluable advantages. Here, we explore the compelling reasons why hiring a lawyer who understands the intricacies of Toronto’s legal environment is essential for your business and real estate endeavours.

Thinking about what happens after you’re gone isn’t easy, but it’s important. If you die without a will in Ontario, your estate won’t be distributed according to your wishes. Instead, provincial law dictates what happens to your assets and belongings. This can lead to confusion, delays, and even family disputes. In this blog, we will explain why having a will is one of the smartest moves you can make. What Does Dying Without Will Mean? Dying without a valid will is called d

A business relationship is established between a reporting entity and a client to conduct financial transactions or provide related services. The type of business relationship you enter into varies by reporting entity sector and depends on the activities and transactions a client conducts with you. You must comply with sector-specific obligations when you enter into a business relationship with a client. Here are some legal tips to help you navigate business relationships in

Are you planning on starting a business in Toronto? In this blog, we will discuss all the things you need to know before getting started. Choose Your Business Structure As per business law, before starting a business in Toronto, you need to specify your venture’s structure. This will help determine the applicable taxation, liability, and ownership specifications. Common business structures include sole proprietorships, partnerships, corporations, and Limited Liability Corpora