• Link to Facebook
  • Link to Instagram
  • Link to LinkedIn
  • Link to X
  • Link to Youtube
  • News & Articles
  • Decisions and Settlements
  • Pay Online
1-800-243-5353 | 250-542-5353
Nixon Wenger LLP
  • Our Team
    • Our Lawyers
    • Our History
  • Practice Areas
    • Business Law
    • Employment Law
    • Family Law
    • General Litigation
    • Insurance and Health Law
    • Personal Injury
    • Real Estate
    • Wills and Estates
  • Careers
    • Lawyer Careers
    • Articling Student Careers
    • Support Staff Careers
    • Apply Online
  • Community
    • In the Community
    • Paul Nixon’s Legacy
  • Contact
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

D.M.D. v F.C.H, 2017 BCSC 621

Decisions and Settlements

Chris Hart acted as lead counsel for the Plaintiff, D.M.D., in an injunction application, seeking a pre-trial injunction to prevent F.C.H. from transferring, withdrawing, or dealing with, the contents of bank accounts originating from D.M.D. The Supreme Court agreed with D.M.D.’s arguments and granted the injunction.

January 28, 2018
https://www.nixonwenger.com/wp-content/uploads/2020/10/Nixon-Wenger-Logo-2.png 0 0 Tara Holowach https://www.nixonwenger.com/wp-content/uploads/2020/10/Nixon-Wenger-Logo-2.png Tara Holowach2018-01-28 14:18:392022-11-15 09:54:36D.M.D. v F.C.H, 2017 BCSC 621

A Seriously Injured Passenger with a Moderate Brain Injury

Personal Injury, Decisions and Settlements

Michael Yawney QC was retained by a Vernon woman who was seriously injured while a passenger in a vehicle.  Mr. Yawney was actively involved in ensuring that the client received the proper rehabilitation and assistance to promote recovery from her injuries, which included a moderate brain injury.  The matter was resolved prior to trial for $2.85 million including future care, future income loss, in trust claims for family members that had to assist the client, as well as the costs of pursuing the legal action to enforce her claim.

January 23, 2018
https://www.nixonwenger.com/wp-content/uploads/2020/10/Nixon-Wenger-Logo-2.png 0 0 NW Admin https://www.nixonwenger.com/wp-content/uploads/2020/10/Nixon-Wenger-Logo-2.png NW Admin2018-01-23 00:00:002018-01-23 00:00:00A Seriously Injured Passenger with a Moderate Brain Injury

Revak v. Rosenberger, Awards $530,000

Decisions and Settlements

Chris Hart acted as lead counsel for the Plaintiff, Douglas Scott Revak, in a trial against ICBC to assess the quantum of damages owed to Mr. Revak resulting from a motor vehicle accident. The Supreme Court rejected ICBC’s arguments that the quantum of Mr. Revak’s damages should be in the range of $39,500 to $81,500, and agreed with Mr. Revak’s arguments, assessing the quantum of his damages in the amount of $530,000.00 (that’s not a typo).

January 2, 2018
https://www.nixonwenger.com/wp-content/uploads/2020/10/Nixon-Wenger-Logo-2.png 0 0 Tara Holowach https://www.nixonwenger.com/wp-content/uploads/2020/10/Nixon-Wenger-Logo-2.png Tara Holowach2018-01-02 14:20:222022-11-15 09:53:17Revak v. Rosenberger, Awards $530,000

Things to Consider When Incorporating Your Business: Part II

Blog

Written by: Krystin Kempton, Associate

So you’ve named your company. Now what?
Determining your share structure and shareholders is a key consideration. The ownership of a company is dividedinto shares. Shares can then be divided into classes, which can be used to give shareholders varying rights. Therights and restrictions of a share class include or exclude the right to vote, the right to receive dividends if declaredby the directors, and the right to receive the remaining property of the company after it is dissolved. A company can be incorporated with one class of shares, or multiple classes of shares with different rights and restrictionsapplying to each class, or multiple classes of shares with identical rights and restrictions, or a combination thereof.
All shareholders within one class of shares must be treated equally when dividends are paid out. So if there aretwo class A shareholders – for example, Bob with 25 shares and Mary with 75 shares – and the company declaresan aggregate $100 dividend on the class A shares, Bob will receive $25 and Mary will receive $75. However, if Bobis the only class A shareholder (with his 25 class A shares), and Mary has 75 class B shares, then if the companydeclares a $100 dividend on the class A shares, the $100 is received exclusively by Bob. Having multiple classes ofshares in a company with identical or similar rights and restrictions therefore gives directors the ability to paydividends to some shareholders but not to others as directors “sprinkle” dividends differently across the classes. Itis always important to obtain tax advice from an accountant with respect to determining share structure andpaying out dividends – particularly in light of recent tax changes.
A company has to have at least one shareholder. A shareholder can be a person, a trust, a mutual fund or acorporation. Rights of shareholders include the right to vote at shareholders’ meetings (provided they hold votingshares), the right to receive a share of the profits of the company, the right to examine and copy corporaterecords, financial statements and directors’ reports and the ability approve major or fundamental changes of thecompany. The larger the number of voting shares a shareholder holds, the bigger the impact the shareholder canhave on the company’s major decisions. If you wish to retain control over your company, consider limiting othershareholders (if any) to non-voting shareholders.
Voting shareholders elect the board of directors. Directors are in charge of the overall management of thecompany and must act in the best interests of the company. A company must have at least one director. Officers(i.e., President, Secretary, Treasurer) are appointed by directors and manage the company’s day-to- day operations.Under the Business Corporations Act (British Columbia), officers are optional.
Entering contracts and endorsing cheques on behalf of the company requires the signature of a duly authorizedcompany representative. Consider who should have signing authority for the company – i.e., any director, alldirectors, a specific officer?
Once incorporated, a company is obligated to maintain proper records and meet ongoing reporting obligations byfiling an annual report with supporting resolutions kept in the company’s record book. The British ColumbiaCorporate Registry may dissolve a company if the company fails to file its annual report for two consecutive years.All companies also must file a corporation income tax return every year even if there is no tax payable.
We recommend seeking legal advice to discuss setting up the company’s articles, ensure the incorporation iscompleted properly, understand continuous disclosure requirements in British Columbia and to discuss a potentialshareholders’ agreement to set out the relationship among shareholders if the company has more than oneshareholder, particularly as investors are brought into the company.

January 2, 2018
https://www.nixonwenger.com/wp-content/uploads/2020/10/Nixon-Wenger-Logo-2.png 0 0 NW Admin https://www.nixonwenger.com/wp-content/uploads/2020/10/Nixon-Wenger-Logo-2.png NW Admin2018-01-02 00:00:002021-02-19 00:24:44Things to Consider When Incorporating Your Business: Part II

Pages

  • Home
  • Sponsorship Application Form
  • Our Lawyers
  • Our History
  • My account
  • Paul Nixon’s Legacy
  • Business Law
  • Employment Law
  • Family Law
  • General Litigation
  • Insurance and Health Law
  • Personal Injury
  • Real Estate
  • Wills and Estates
  • Decisions and Settlements
  • News & Articles
  • Community
  • Careers
  • Apply Online
  • Contact
  • Pay Online
  • Terms and Conditions
  • Privacy Policy

Categories

  • News
  • In the Community
  • Personal Injury
  • Real Estate
  • Wills and Estates
  • Family Law
  • Business Law
  • Employment Law
  • Litigation
  • Blog
  • Decisions and Settlements

Archive

  • January 2025
  • October 2024
  • July 2024
  • June 2024
  • May 2024
  • March 2024
  • December 2023
  • October 2023
  • July 2023
  • March 2023
  • January 2023
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • January 2022
  • December 2021
  • November 2021
  • August 2021
  • July 2021
  • June 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • November 2020
  • October 2020
  • September 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • January 2016
  • December 2015
  • November 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • February 2015
  • November 2014
  • July 2014
  • November 2013
  • June 2013
  • January 2013
  • December 2012
  • February 2012

#301-2706 30th Avenue
Vernon, B.C. Canada V1T 2B6

Get Directions

Hours: 8:00 am to 4:30 pm
Monday to Friday

Wheelchair Accessible

Telephone: 250-542-5353
Toll-Free: 1-800-243-5353
Fax: 250-542-7273

© Copyright - Nixon Wenger LLP
  • Privacy Policy
  • Terms and Conditions
  • Pay Online
Scroll to top Scroll to top Scroll to top

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

Accept settingsHide notification onlySettings

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refusing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Google Analytics Cookies

These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.

If you do not want that we track your visit to our site you can disable tracking in your browser here:

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Other cookies

The following cookies are also needed - You can choose if you want to allow them:

Privacy Policy

You can read about our cookies and privacy settings in detail on our Privacy Policy Page.

Privacy Policy
Accept settingsHide notification only