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Posts Tagged:corporation

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  ,,,,

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.

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The Business Corporation – Limited liability and the corporate entity

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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

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Limited Liability Partnerships (“LLP”) – a twist on the general partnership

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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

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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  ,,,,,,,,,,,,,,,,,

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

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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  ,,,,,,,,,,,,,

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

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