Financial Forms

Under the terms of this Share Pledge Agreement for Canadian lenders, a borrower pledges shares to the lender as security for the loan.

• The lender will keep possession of the shares until the loan is repaid.
• The lender has the right to vote the shares and to receive any benefit (such as dividends) from the shares while the shares are being held as security.
• This legal form can be used in any Canadian province or territory.
• Download the Canada Share Pledge Agreement (Loan Security) for your loans department.

When doing a private placement of shares in Canada, an issuer provides certain documents to potential investors. One of those forms is the Share Subscription Agreement.

• An investor who wants to purchase shares under the offering must complete and send the Subscription Agreement to the issuing corporation.
• The rights, restrictions, privileges and conditions attaching to the shares are described, such as voting rights, rights to dividends, and rights on dissolution.
• This template contains provisions for both shares and share warrants.
• The subscriber acknowledges that because the securities are being purchased under a prospectus exemption, most of the civil remedies available under securities legislation is not available.
• Once you purchase the Canada Share Subscription Agreement for Private Placement, you can customize it with your specific details and use it as often as you need to.

The Canada Shareholder Buy-Sell Agreement (Hybrid Method) is an option that Canadians can consider to put a succession plan in place for the continuity of their small business.

• This type of buy-sell agreement is known as a 'hybrid' buy-sell.
• Under this Agreement, the corporation holds life insurance policies on each of the shareholders.
• Upon a shareholder's death, the corporation will collect the insurance proceeds, and use the proceeds to fund the purchase of the deceased shareholder's shares by any of the surviving shareholders who are interested, on a pro rata basis (proportional to their existing shareholdings).
• Any unpurchased shares will be redeemed by the corporation.
• The corporation will make an election for a deemed dividend to be paid from the capital dividend account if possible.
• The Agreement is governed by Canadian income tax laws.
• This legal contract form is available in MS word format and is fully editable.

Would your business survive the death or retirement of one of the owners? Provide for the continued existence of the business with this Canada Shareholder Buy-Sell Agreement (Corporate Redemption Method).

• The corporation obtains life insurance policies on each of the shareholders and uses the proceeds to fund the redemption, acquisition or cancellation of the corporation's shares.
• Upon the death of a shareholder, the corporation redeems the deceased shareholder's shares and makes an election that the deemed dividend is to be paid from the capital dividend account to the extent possible.
• The Agreement contains several different options for methods of valuating the shares.
• The Agreement is made pursuant to the Income Tax Act (Canada).
• This Shareholder Buy-Sell Agreement (Corporate Redemption Method) is available as a downloadable and fully editable MS Word template.

Plan ahead for the continuation of your business upon the death or retirement of an owner with this Shareholder Buy-Sell Agreement (Promissory Note Method) for Canadian companies.

• The corporation will hold life insurance policies on each of the shareholders and use the proceeds to redeem and acquire its own shares from a deceased shareholder's estate.
• If a shareholder dies, the surviving shareholders can purchase the deceased's shares on a pro rata basis (proportionate to their current shareholdings) by issuing the corporation a promissory note for the purchase price.
• The corporation will loan the purchaser the amount of the purchase price from the insurance proceeds, and then makes an election for a deemed dividend to be paid from the capital dividend account if possible.
• This is a fully editable legal form in MS Word format which can be customized to fit your circumstances.
• Governed by Canadian tax laws and ntended to be used only in Canada.

Downloadable shareholders resolution authorizing the directors of a Canadian corporation to issue a prospectus.

Purpose of Corporate Resolution

Under Business Corporations Act requirements, the shareholders must authorize the Board of Directors to issue a preliminary prospectus for a public offering of common shares.

Content of Resolution

• The shareholders approve the draft of the prospectus, as well as a stock option plan.
• The shareholders authorize the directors to file the prospectus, and to grant options under the stock option plan.
• The corporation is authorized to list its shares on a specified stock exchange.

Format and Jurisdiction

This template resolution is available in MS Word format and is downloadable and fully editable.

The Shareholder Resolutions Authorizing Prospectus was prepared to comply with the requirements of the Business Corporations Act and is intended to be used only in Canada.

Appoint a registrar and transfer agent for a Canadian public company with this Shareholders Resolution to Appoint Transfer Agent.

• The shareholders of the corporation authorize the corporation to appoint the registrar and transfer agent pursuant to an underwriting agreement with the corporation.
• The transfer agent will record and deal with all transfers of common shares of the corporation.
• This template form can be used in any province which has a Business Corporations Act.
• The Resolution template is available in MS Word format and is easy to download and use.

Succession planning is vital to the survival of small businesses. This Sole Proprietorship Buy-Sell Agreement can help ensure the continuity of yours.

What is succession planning?

Succession planning is a strategy to determine what will happen to your business when you retire, die, or become incapacitated. A succession plan sets out who will take over operating and managing the business, and how and when that transfer will take place. 

Scope of the Buy-Sell Agreement

This is a simple form of buy-sell agreement between the owner of a sole proprietorship and an employee who wants to purchase the business when the owner dies. Both parties want the business to continue to exist.

Key Points of the Agreement

• On the death of the proprietor, the executor or administrator of the estate will formalize the sale of the business to the employee.
• The employee will finance the purchase through proceeds of a life insurance policy on the life of the proprietor.
• The purchase transaction will include all real property, accounts receivable and other assets owned by the business.
• The parties will jointly determine the value of the business at the end of each fiscal year.

Format and Jurisdiction

This is a downloadable MS Word template from MegaDox.com. It is fully editable and can be customized to fit your specific requirements.

The form is generic legal contract and does not contain specific references to the laws of any country. It can be used in most common law jurisdictions.

If you are selling a real estate property and your buyer cannot qualify for a mortgage, you can carry all or part of the purchase price under the terms of this Contract for Deed for South Carolina.

• A contract for deed (also called a purchase money mortgage) allows a buyer to pay over time, with the seller carrying the balance until the last payment is made. Under the terms of this Contract, you as seller effectively become the mortgage lender.
• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
• The seller has the right to take back the property if the buyer defaults in payment.
• At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.
• Available in MS Word format.
• Intended to be used only in the State of South Carolina.

Take out a mortgage on a home in South Carolina with this fixed rate mortgage form.

• The mortgage form contains standardized uniform (multistate) covenants under federal mortgage regulations.
• It also contains additional covenants specific to South Carolina law, including provisions for foreclosure, discharge and release once the borrower has paid in full, and a waiver of appraisal rights in the event of a foreclosure.
• This is a standard type of mortgage for single family dwellings. Available in MS Word format.