The recent worldwide COVID-19 pandemic is affecting businesses everywhere. Whether it is mandatory or recommended closures, limited hours, skeleton staffing or temporary or indefinite layoffs - everyone is, or will be, impacted by the COVID-19 outbreak. The various rights and obligations of employers and employees alike remain in full force and are not deferred from…
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When a company is incorporated, you and your fellow owner/s may be getting along well – after all, you made the decision to start a business because your ideas and vision were aligned. However, like any relationship, there are likely to be ups and downs, and it is important to have a plan in place…
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Effective January 1st, 2019 there will be new changes to REDMA (Real Estate and Development Marketing Act). The changes pertain to the assignment of contracts for developments like Ella, One Water, Brooklyn, and other strata condos in town. With these new changes, if a purchaser wants to assign their contract before they complete their purchase…
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As a reminder, there is just over one year left for societies (not-for-profit corporations) incorporated prior to November 28, 2016 to transition in accordance with the new Societies Act (the “Act”) – all societies have until November 28, 2018 to do so. The transitioning process involves the online filing of a transition application, including a…
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Introduction to Corporations One of the first decisions to make in establishing a business is what organizational structure will be used. This article is part of our Website series on business organizations and discusses the use of corporations, or companies as a specialized structure for carrying out a specific business purpose. A company, unlike a…
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Introduction to Joint Ventures One of the first decisions to make in establishing a business is what organizational structure will be used. This article is part of our Website series on business organizations and discusses the use of the joint venture structure to carry on a business. A joint venture is an association of two…
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Introduction to Sole Proprietorships One of the first decisions to make in establishing a business is what organizational structure will be used. This article is part of our Website series on business organizations and discusses the use of sole proprietorships as a specialized structure for carrying out a specific business purpose. In the strictest sense,…
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Introduction Many individuals who succeed in business or maintain a high profile will be asked during their lifetime to act as a director or officer of a corporation or a community organization. In the old days, it was common for people to accept these positions without considering what some of the adverse consequences might be.…
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Introduction A franchise is the right to conduct business in a way that mirrors an already successful business and using the public image cultivated by that business. Recent years have seen the rapid development of the use of franchise structures in all types of businesses, from curbside hotdog vending to large scale manufacturing. This type…
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"We have developed a business that we think is going to be very successful, can we sell this opportunity as a franchise?" Before you decide to franchise your business, you must be aware that the business of franchising is a competitive one. It is important that if you are to succeed in marketing your franchise,…
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