Learn the basics of a family trust, including its definition as a legal relationship for managing assets, the key players involved, different types of family trusts, advantages and disadvantages, and the process of establishing one. Overview of Family Trusts A family trust involves a legal relationship that allows individuals to manage their assets for the …
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Corporation For those not familiar with the concept, to put it simply, a corporation is a formal legal structure that is used to operate a business, or to hold property or assets. A corporation exists as its own separate legal entity and is legally distinct and separate from its founders / shareholders. In other words, …
The Advantages of Federal Incorporation in Canada This article discusses the benefits of federally incorporating in Canada, including the flexibility of a unique name, national coverage for intellectual property, access to financing, and factors to consider when choosing between federal and provincial incorporation. Overview of Federal Incorporation in Canada In Canada, the process of federal …
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Welcome to the guide on incorporating your business in Nova Scotia. Whether you’re a small business owner ready to take the next step or an entrepreneur looking to establish your startup, this article has got you covered. Incorporation can be a complex process, but fear not! We’ll break it down for you, providing everything you …
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Unlocking Success: The Power of a Well-Crafted Shareholders’ Agreement Unlocking Success: The Power of a Well-Crafted Shareholders’ Agreement In the world of business, success often hinges on effective planning and foresight. One essential tool that paves the path to success for businesses is a well-crafted shareholders’ agreement. This legally binding contract between shareholders outlines the …
Federal or Provincial Incorporation in Canada: Choosing the Right Path for Your Business When considering the incorporation of a business in Canada, entrepreneurs face a pivotal decision: should they incorporate federally or provincially? Understanding the differences between these two paths is crucial for business owners as it impacts their company’s legal structure, name protection, operational …
Most Entrepreneurs have heard their lawyer and advisers discussing how shareholders agreements are useful for managing contingencies
Starting a business with a friend or another business person is like creating a team, which in the business world is often called a partnership.
Canadian Entrepreneurs listen up when incorporating a sole proprietorship! Avoiding immediate tax on gains when …
Starting a small business is an exciting venture, but it comes with important decisions.
Welcome to EntrepreneurLaw: a dedicated resource for entrepreneurs seeking knowledge in business, leadership, and the impact of law on entrepreneurial ventures. Here, you’ll find a wealth of posts, articles, and informative content designed to enhance your entrepreneurial education. While direct legal advice is not offered on this site, your questions are encouraged—feel free to contact us to learn how we can help.