In my experience, when speaking with many small business owners one theme is more prevalent than any other and this is how much they think their business is worth. We have all heard or read in the news about blockbuster sales of a large or public companies selling for millions or billions even though they don’t make any money. The valuations these companies receive have nothing to do with business valuations of small, or even medium size privately owned businesses. 5 Busine

In Part 1, I wrote that Employees, with significant service time, may be entitled to advance notice of termination, or severance in lieu of advance notice, well in excess of the minimum amounts set out in the Employment Standards Act. Expanding on those concepts and diving a little deeper in the issue, employment is considered to be a specialized contract with a number of implied terms and obligations, including: the obligations to act in good faith to be loyal the obligation