When entering into a business deal, whether you’re buying a company or negotiating a commercial lease, there’s a crucial step that should never be overlooked: a well-drafted Letter of Intent (“LOI”).

If you own a business with one or more partners in British Columbia, a shareholders’ agreement is one of the most important legal documents you can have. Running a business involves making decisions, managing responsibilities, and planning for the future, but what happens when disagreements arise, a shareholder wants to leave, or unexpected events impact ownership? Without a clear framework in place, these types of situations can lead to costly disputes or even jeopardize the future of your business.