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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 »
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 »
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 »
Successful businesses never stay still. They always evolve and develop, growing and changing as trends and customers demand. In fact, as a business owner, your company can undergo a number of changes. In fact, once your business hits a certain size or level of complexity, a change in business structure may be necessary. For instance, … Read more »
The Business Corporations Act of Canada (the CBCA) and its provincial counterparts provide many of the guidelines necessary for corporations – each corporation in Canada will typically be incorporated federally under the CBCA or provincially under one of its provincial counterparts. It is crucial to know WHEN and HOW to issue shares in a private … Read more »
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 »
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 »
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 »
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 »
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 »