I like to review and post articles I am interested in, as this usually means readers of EntrepreneurLaw.ca are usually also interested in them (according to the feedback I am receiving at least, which allows me to be somewhat presumptuous). Anyhow, this article really struck me as I have been describing entrepreneurial people as having
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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
Legal Mistakes Entrepreneurs Make: the Danger of not Registering a Corporation or Business Name
A Blog Post, business law, Buying a Business, entrepreneur, How to Start a Business A Blog Post, business law, Buying a Business, entrepreneur, How to Start a Business business name,business name registration,corporation,how to register a business name,sole proprietorshipBy 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!
A Blog Post, business law, Buying a Business, contract law, entrepreneur, small business, start-up business, starting a business A Blog Post, business law, Buying a Business, contract law, entrepreneur, small business, start-up business, starting a business business law,contract,contract law,entrepreneur,entrepreneur law,legal mistakes,what is a contractLegal 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
A Blog Post, business law, Buying a Business, entrepreneur, small business, start-up business, starting a business, types of business A Blog Post, business law, Buying a Business, entrepreneur, small business, start-up business, starting a business, types of business business corporation,corporation,incorporation,limited liabilityThe 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 Law – Sole Proprietorship (Aboriginal Considerations)
A Blog Post, business law, entrepreneur, small business, starting a business, types of business A Blog Post, business law, entrepreneur, small business, starting a business, types of business aboriginal business law,aboriginal law,indian actAboriginal 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 twist on the general partnership
A Blog Post, business law, Buying a Business, entrepreneur, partnership, partnerships, small business, start-up business, starting a business, types of business A Blog Post, business law, Buying a Business, entrepreneur, partnership, partnerships, small business, start-up business, starting a business, types of business agent,business law,business lawyer,business structure,corporation,entrepreneur,entrepreneur law,entrepreneur lawyer,garnet brooks,Halifax lawyer,law of agency,limited liability partnership,limited liability partnership agreement,LLP,partnership,partnership act,sole proprietorship,unlimited liabilityLimited 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
Limited Partnerships – statute based limited liability without incorporation
A Blog Post, business law, Buying a Business, entrepreneur, partnership, partnerships, small business, start-up business, starting a business, types of business A Blog Post, business law, Buying a Business, entrepreneur, partnership, partnerships, small business, start-up business, starting a business, types of business agent,business law,business lawyer,business structure,corporation,entrepreneur,entrepreneur law,entrepreneur lawyer,garnet brooks,Halifax lawyer,law of agency,limited partnership,limited partnership agreement,LP,partnership,partnership act,sole proprietorship,unlimited liabilityThe 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
What new entrepreneurs need to know about a business partnership
A Blog Post, business law, Buying a Business, entrepreneur, small business, start-up business, starting a business, types of business A Blog Post, business law, Buying a Business, entrepreneur, small business, start-up business, starting a business, types of business agent,business structure,corporation,entrepreneur,entrepreneur law,garnet brooks,Halifax lawyer,law of agency,limited partnership,partnership,partnership act,partnership agreement,sole proprietorship,unlimited liabilityPartnerships – 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
Setting up a Sole Proprietorship – Structuring Your New Business
A Blog Post, business law, Buying a Business, entrepreneur, small business, start-up business, starting a business, types of business A Blog Post, business law, Buying a Business, entrepreneur, small business, start-up business, starting a business, types of business business name registration,business registration,entrepreneur,entrepreneur law,New business,small business,sole proprietorship,start-up business,starting a business,structuring a business,what is a sole proprietorshipThe 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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