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 »
If you are starting a business, choosing between different business structures such as sole proprietorship, partnerships, corporation can be difficult if you do not know the advantages or disadvantages that come with each structure. Whether you are buying an existing business or creating one, you should have a firm grasp of the basic characteristics of … Read more »
The Boom of Toronto Dispensaries According to Leafly, there are more than 90 marijuana dispensaries in Toronto at the moment. The official number or list of Toronto dispensaries is not available because they open and close every day. Since marijuana legalization has been officially announced and expected by July 2018, it isn’t any wonder that … Read more »
All eyes around the world are turned towards Canada and its upcoming legalization of marijuana. Marijuana enthusiasts and advocates like to say that Canada is a grey area when it comes to buying, selling and consuming marijuana. Yet on the other hand, law enforcement officials are very clear about it – everything is black and … Read more »
Perjury dictionary definition: Perjury is the willful giving of false testimony under oath or affirmation, before a competent tribunal, upon a point material to a legal inquiry. Perjury defined under the Criminal Code: Section 131 (1) Subject to subsection (3), every one commits perjury who, with intent to mislead, makes before a person who is … Read more »
There are several different methods of financing a new venture, but they can be lumped roughly into four different stages – and everyone who is starting a business should get to know them better. Seed capital is the first stage, when you raise funds to start a business. It is often followed by venture capital, … Read more »
In this day and age, it is now common for people to want to start their own business. From online services to brick and mortar stores, there are many opportunities on what kind of business you can establish. However, despite the wide range of possibilities, there are many obstacles to actually starting a small business. … Read more »