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Posts Tagged:sole proprietorship

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.

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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