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Category Archive for: entrepreneur

FUTURE ENTREPRENEURS… Check the link below.  You’ll find an interesting article by Drew Hendricks on Inc Magazine online.  Drew describes some of the characteristics he feels tell whether your kids are ‘entrepreneurial minded’ and potentially headed down the path of the life of an entrepreneur.  My kids both had “Doljabi” [sic][should be “Dol Jan-chi” Drew] celebrations

Below is a link to the proposed Crowdfunding Exemption and the Startup exemption. These exemptions address both the securities issuer and portals. What is Crowdfunding:  The short answer; the act of raising a little bit of money from a lot of people. Previously, Crowdfunding did not involve the issuing of securities. However, it is evolving

By Garnet Brooks, Business Lawyer In a previous article on sole proprietorship, I described that there are consequences to operating a business under an unregistered business name.  An example of this is illustrated in a Nova Scotia Small Claims Court decision by Adjudicator Eric Slone in Cole v.  Mark Lively Welding Ltd., 2012 NSSM 23.

Legal Mistakes Entrepreneurs Make – Get it in Writing! “This case is yet another example of the all too frequent situation where parties in on-going commercial relationships fail to set out clearly the incidents of that relationship once it became apparent that the commercial relationship would become long-term rather than short-term in nature.” The above

The Business Corporation: Limited liability and the corporate entity by: Garnet Brooks What is a Corporation? Entrepreneurship involves risk.  One of the most common ways entrepreneurs limit their risk is through the operation of a corporate entity, known as a corporation, or company. A corporation or company is a creation of law.  The federal legislation

Aboriginal Business – Sole Proprietorship (Aboriginal Considerations) With Aboriginal entrepreneurship on the rise, it is increasingly necessary to have a basic understanding of the legal issues that entrepreneurs, their businesses, and business partners face, in particular when issues unique to Indian status in Canada are thrown into the mix. There are various ways an entrepreneur can structure

Limited Liability Partnerships (“LLP”) A limited liability partnership (“LLP”) is very similar to a general partnership.  The biggest difference is that “innocent” partners have some protection from the unknown negligence or misconduct of other partners.  Limited liability partnerships are governed by the Partnership Act, in Nova Scotia. As in a general partnership, all partners in

The Limited Partnership (“LP”) Introduction:  Previous articles discussed characteristics of sole proprietorship and general partnership.  This article will discuss the limited partnership business structure. Limited partnerships can carry on any business that a general partnership may, and offers limited liability to some partners, known as the “limited partners”.  For this reason, this business structure is

Partnerships – The General Partnership Entrepreneurs often get involved in business projects together, or in ‘partnership’ with one or more other entrepreneurs or investors. There are various types of partnership structures.  Three common partnership structures include general partnerships, limited partnerships, and limited liability partnerships (LLP).  These blog posts will provide a brief overview of the general characteristics of

The Sole Proprietorship Sole Proprietorships in Nova Scotia by Garnet Brooks, Business lawyer One of the decisions a new small business entrepreneur faces is how to structure their business.  This series will be a brief look at some of the most common ways new small businesses are structured. A sole proprietorship is a business that

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