Entrepreneur's Learning Space
“Formal education will make you a living; self-education will make you a fortune.” — Jim Rohn, Entrepreneur and Motivational Speaker
Welcome to the Entrepreneur Learning Space
Search this page for your business / start-up questions.
Maximizing Wealth: A Comprehensive Guide to Family Trusts
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
What is a Corporation?
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
Unlocking Growth: The Advantages of Federal Incorporation in Canada
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
Incorporation in Nova Scotia: Everything You Need to Know
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
Shareholders’ Agreement
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
Federal or Provincial Incorporation in Canada
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
How a Shareholders’ Agreement can help a small business weather an early shareholder dispute
Most Entrepreneurs have heard their lawyer and advisers discussing how shareholders agreements are useful for managing contingencies
A General Partnership
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.
What is a S. 85 Rollover?
Canadian Entrepreneurs listen up when incorporating a sole proprietorship! Avoiding immediate tax on gains when …
Registering a Sole Proprietorship
Starting a small business is an exciting venture, but it comes with important decisions.
6 Proven Strategies to Outshine Your Competitors
In today’s dynamic business landscape, mere visibility doesn’t equate to brand dominance. The golden era when blanket advertisements on radio, TV, and print dictated consumer choices has evolved. Now, businesses need more
Fuel Business Growth Through Passionate Teams!
Simon Sinek, a visionary in leadership thinking, eloquently mentioned, “You either manipulate human behavior or inspire it.” (A gem from his book “Start with Why: How Great Leaders Inspire Everyone to Take Action”).
Unlock the Secrets of Marketing with 3 Essential TED Talks
Often, marketing is shrouded in myth. Some envision it as an elite art only accessible to genius entrepreneurs, while others picture it as
The Secret to Preventing Marketing Fails
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Marketing Fails – We’ve all seen them on TV, blogs and in the news and we’ve chuckled at how ridiculous it seems for some for some of the world’s largest corporations to make such errors.
Buying a Business: Asset or Share Purchase
Entrepreneurs looking to ‘buy a business’ are faced with a critical decision: “should they purchase the assets of the company or the shares?”
The Asset Purchase Transaction: A Guide to Buying a Business
As discussed in other posts, there are differences between purchasing assets of a business or shares of a company. This post will give a very brief overview of the process and steps involved when purchasing assets of a business.
7 Great Reasons to Incorporate
7 Great Reasons to Incorporate your business This article is part of a series of short, informative articles designed to assist entrepreneurs and business people to become aware of how a business lawyer can help them understand business legal issues.
What is a “Shotgun” clause, and how does it work?
It’s quite common, unfortunately, for new small business entrepreneurs to make the decision not to get a shareholders agreement when starting out. Common reasons given include that they want to make sure things go well, and make some money before
Legal Mistakes Entrepreneurs Make: the Danger of not Registering a Corporation or Business Name
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.
The Business Corporation – Limited liability and the corporate entity
The Business Corporation: Limited liability and the corporate entity 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.