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Summary Conviction- Traffic Violation

summary conviction

Traffic violations happen more often than one would like. No doubt, at one point or another, you yourself have gotten pulled over and usually end up getting a ticket if you are stopped by police. When that happens, you may find yourself regretting a hasty driving decision because there is very little that can be … Read more »

Stunt Driving Traffic Violations in Ontario

stunt driving

Traffic tickets can be issued for a number of violations for drivers that are trying to get from point A to point B. However, there are times when drivers are not on the road to travel to a certain place in particular, but rather, are using the roads and highways as a racing track for … Read more »

Articles of Dissolution- How to Dissolve a Corporation in Ontario

how to dissolve a corporation

There are two types of corporations, a business corporation and a not-for-profit corporation. We have already discussed what steps you need to take to incorporate a business in Ontario. Unfortunately, not all businesses succeed. Sometimes you are forced to shut your business down and when you make that decision, the most important document you need … Read more »

Asset Acquisition

Acquisition refers to a business takeover, buying someone else’s business. There are three ways to perform the acquisition in Canada: to purchase the assets to purchase the shares  statutory amalgamations (less common)    For the last 30 years in Canada, there have been 16,103 business acquisitions reported whereas only 4,871 new businesses were created. Out … Read more »

How to Incorporate a Business In Ontario

how to incorporate in ontario

What is Incorporation? Incorporation is the legal process of forming a business corporation. A corporation is a type of business structure, a legal entity that sets it apart from its founders. In that way, business founders are not responsible for corporate debts and obligations and creditors cannot sue them for liabilities incurred by the corporation. … Read more »

What to Expect in Severance Pay in Ontario

severance pay

Severance pay refers to an amount of money that an employee gets from an employer when the contract is terminated earlier than it was initially supposed. When an employee loses his job although he had a long-term contract, he can get paid to compensate the loss. Severance occurs when a company where the employee works … Read more »

Partnership Agreement

partnership agreement

What You Should Know About Creating A Partnership Agreement   When starting up a partnership with friends or family members, it may seem like an ideal business structure to operate.  Not only are you comfortable and have an established relationship with your future partners, but you are also naturally confident that you can trust and … Read more »

Small Business Grants

small business grants

As an aspiring small business owner, the one priority you may have is finding the financial support and options that are available to you. In addition to bank loans, money from family and savings, one other option to take advantage of are small business grants. While getting approved for a business grant is generally more difficult … Read more »