Legal Clean-Up: How to Fix Your Corporate Organization
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How to Register an Extra-Provincial, Foreign or US business in Quebec
Expanding an already-established extra-provincial, foreign or US business into Quebec is a straight-forward and simple task which involves registering the business at the Quebec Enterprise Registry. However, before proceeding with the registration process, it is important for businesses to first determine if their activities in Quebec require business registration. According to the Act respecting the…
What is the difference between an Independent Contractor and an Employee?
Hiring an independent contractor versus an employee can have a large fiscal impact on a business. In fact, many businesses will commonly shy away from forming an employer-employee relationship with their workers in order to benefit from the advantages of having a worker characterized as an independent contractor. The model itself is simple. The business…
Partnership Agreements in Quebec: 5 Questions to Keep in Mind
General Partnerships and Limited Partnerships are the legal structures that are the most often used by businesses in Quebec. This mainly is due the fact that partnerships have a cheaper start-up cost and are easier to operate. However, starting a Partnership in Quebec comes with one main downfall: all partnerships must necessarily have a partnership…
Should you incorporate a federal or provincial corporation?
In Canada, corporations have the option to incorporate their business under federal law or provincial law. This article will outline the different advantages and drawbacks that come with incorporating a federal or provincial corporation in order to help corporations choose where they should incorporate their businesses. 1. Business Activities The business activities of a corporation…
3 Reasons to Incorporate Instead of Forming a Sole Proprietorship or Partnership
Starting a business can sometimes be a daunting and overwhelming task. Tack onto it the important decision of choosing the legal structure of your business. From sole proprietorships, partnerships to corporations, the choice is not always evident with benefits and drawbacks to each. Often times, entrepreneurs faced with this decision will go for the simplest…
The 4 Yearly Obligations of Corporations
We’ve seen it one too many times. Start-Ups will incorporate their company, get to work on building their vision and put everything else on the back burner. Either for lack of business activities, lack of time or lack of thought, some things will slip through the cracks and sooner or later corporations are slapped with…
Shareholder Agreements in Quebec: 4 Questions to Keep in Mind
You have a corporation and you have a great business partner – but you and your business partner have not yet established any of terms of your relationship. Like any other relationship, you need to know how to handle certain situations if they arise, for instance: What happens if one of the shareholder dies?…
What is a Minute Book and Do You Need One?
What is a Minute Book? A corporate minute book is a permanent and detailed record of your corporation’s rules, activities and decisions. Notably, it is used as a vehicle for the organization and storage of all your corporation’s documents. Typically, the corporate minute book is accessible at the head office of the Corporation or at…
The Differences Between a Non-Profit Organization and a Charity
There is a large misconception in the non-profit world that incorporating a non-profit (also known as a “not-for-profit”) organization grants the non-profit charity status. It does not. Although non-profit organizations and registered charities function under a non-profit basis, they are two different and separate entities. This article will explain the main differences between both entities…
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