February 2021

Liquor Licence Types - What's the Difference?

Posted on Feb 24, 2021

This is another common topic of discussion. 
Can I sell beer? What about spirits? 
Typically the answer is yes of course.

But those aren't really the important things to be aware of. Most important is the hours. 9AM-12AM is "standard", meaning if you don't request different hours in your initial, or subsequent, communication with the Liquor and Cannabis...

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Permits & Licences

Posted on Feb 24, 2021

I can't tell you how often a Buyer, or their Agent, writes an offer with a Condition (Subject) like "Subject to the Buyer having all Permits and Licences transferred to them on or before Subject Removal Date".
That is so crazy. 
On a Restaurant deal, do you really think the Seller should Transfer their Business Licence, Health Permit and Liquor Licenc...

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Asset Sale versus Share Sale

Posted on Feb 24, 2021

This is one of the most common questions we are asked about. So what's the difference between them?
Simply put a Share Sale is where you are buying all of the company's shares - you become the new CEO of the Seller's corporation.
An Asset Sale is where you are buying all of the assets that the Seller's corporation owns - but the Seller will keep the...

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