Protect Your Business Relationships — Agreements, Contracts, and Insurance [Part 3]
As your business grows, relationships with partners, clients, suppliers, and insurers become more complex. Here’s how to protect yourself: 1. Shareholders’ Agreements If you have more than one shareholder, a Shareholders’ Agreement is critical. It outlines what happens if a partner leaves, retires, or passes away — and how profits, voting rights, and decision-making are […]
Keeping Your Corporation Up-to-Date — The Easy-to-Forget Changes [Part 2]
Businesses evolve — but government records need to evolve too. Many Ontario entrepreneurs forget to update corporate records after key changes, which can create major legal and administrative headaches later. 1. Notice of Change If your corporation’s address, directors, officers, or language preference changes, you must file a Notice of Change within 15 days with […]
Corporate Compliance in Ontario — Don’t Forget the Annual Basics [Part 1]
Running a business in Ontario is exciting — but between managing staff, serving clients, and growing revenue, it’s easy to forget the corporate housekeeping that keeps your company compliant and legally protected. Missing small annual requirements can lead to penalties, lawsuits, or even the dissolution of your corporation. Here are three essentials that every Ontario […]
Empowering Your Corporation: Options for Business Financing
A loan is secured when the borrower puts up an asset (or assets) of value as collateral, which you, as the creditor, can seize if the borrower does not repay your loan. The bigger the loan, the more collateral you will need to secure it. A loan can be secured in many ways, including: a […]