Sentences with phrase «corporation on behalf of the owners»

Not exact matches

Step 2: A New 401 (k) Plan is Established: A new 401 (k) plan must be established on behalf of the new C corporation, and the owner of the company becomes the trustee and plan administrator (this sounds intimidating, but most ROBS providers offer 401 (k) plan administration services and do the hard part for you).

«I think it's an application of standard principles, but the City Council and the mayor saw fit to sign the law,» said Michael Cardozo, a partner at Proskauer Rose who was the city's corporation counsel under Mayor Michael R. Bloomberg, and handled the case on behalf of an association of carwash owners.

A subsidiary of Depository Trust & Clearing Corporation involved in processing securities trades and maintaining positions in traded securities on behalf of beneficial owners.

For example, successfully prosecuted claims against a multi-national corporation in the United States District Court in Chicago on behalf of a Brazilian business owner.

In Crawford v. London (City), 2000 CanLII 22350 (ON SC), (2000), 47 OR (3d) 784 (S.C.J.), leave to appeal ref'd, [2000] O.J. No. 2088 (S.C.J.), referred to in the decision, a class action was permitted because an individual unit owner could not maintain a representative action under any act in Ontario on behalf of current or former owners of any of the units in a condominium corporatioON SC), (2000), 47 OR (3d) 784 (S.C.J.), leave to appeal ref'd, [2000] O.J. No. 2088 (S.C.J.), referred to in the decision, a class action was permitted because an individual unit owner could not maintain a representative action under any act in Ontario on behalf of current or former owners of any of the units in a condominium corporatioon behalf of current or former owners of any of the units in a condominium corporation.

Sections 171 and 172 of the Strata Property Act, S.B.C. 1998, c. 43, permitted a strata corporation to bring an action on behalf of and as a representative of owners.

Our attorneys have handled lawsuits against trucking companies, motorists, property owners, hospitals and large corporations and, while each case is different, have recovered millions on behalf of their clients.

Owners, officers, and directors also have the duty of care, the obligation to exercise reasonable care when making decisions on behalf of the corporation.

Recently, Orr & Brown obtained a jury verdict of over $ 500,000.00 on behalf of a local business client in a case involving complex legal issues, defeated a claim brought by a large materials supplier that a former corporate officer was personally liable for the debt of a defunct corporation based on a signed personal guaranty, and successfully negotiated a high - profile «business divorce» between 2 owners of a very lucrative and profitable North Georgia business.

168 (1) A leasehold condominium corporation shall, on behalf of the owners, exercise all rights and perform all obligations of the owners with respect to the leasehold estate in the property.

A proxy is a person who attends and participates in a meeting of the owners of a condominium corporation, on behalf of a unit owner.

Some of these corporations may comprise of traditional owner groups, whilst other corporations may hold the title on behalf of an Indigenous group or community.

RNTBCs and PBCs are Indigenous corporations set up specifically to manage native title rights and interests on behalf of the common law holders (the traditional owners).

However, a very large percentage of the assessment related to CRA having assessed the two owners / directors as employees of their own corporation and issuing T4s on their behalf.

Section 9 - 3 of the Rules allows an individual licensee who is a strata lot owner to provide strata management services to or on behalf of the strata corporation in which the strata lot is a member so long as the licensee:

In addition, the owner / developer is exempt from the requirements to be licensed as a strata manager in respect of the strata management services that it provides on behalf of the strata corporation until the control of the strata corporation's money is required to be transferred to the strata corporation.

In relation to a strata corporation, the owner - developer, as defined in the Strata Property Act, is exempt from the requirement to be licensed under Part 2 of the Act in respect of strata management services provided to or on behalf of the strata corporation, but only until control of the strata corporation's money is required to be transferred under section 22 of the Strata Property Act.

An individual is exempt from the requirements to obtain a licence for strata management if the individual provides strata management services on behalf of the strata corporation of which he or she is an owner, as long as the individual provides such services to no more than two strata corporations.

(b) provides the strata management services to or on behalf of the strata corporation of which the person is a member by reason of being the owner of the strata lot, and

2.19 In relation to a strata corporation, the owner developer, as defined in the Strata Property Act, is exempt from the requirement to be licensed under Part 2 of the Act in respect of strata management services provided to or on behalf of the strata corporation, but only until control of the strata corporation's money is required to be transferred under section 22 of the Strata Property Act.

9 - 3 (1) Subject to this section, the Act and these rules do not apply to an individual licensed as a managing broker, associate broker or representative who is a strata lot owner in relation to strata management services provided to or on behalf of the strata corporation of which the licensee is a member by reason of being a strata lot owner, if all the following conditions are met:

There is the potential for a conflict of interest to arise if a strata management company, for example, provides rental property management services on behalf of a strata lot owner who rents out a strata lot located in a strata corporation which the strata management company manages.

Brokerages that collect money on behalf of strata corporations or sections often collect a single payment from each strata lot owner that includes the monthly strata fee and a portion intended to be added to the contingency reserve fund.

The chairman liked the property and instructed Broker B to draft and present a lease on behalf of ABC Corporation to Broker L, which was accepted by the owner / landlord.