Author: Lexstart

patrimoine wealth

Why have a wealth management advisor?

As an entrepreneur, you’ve devoted considerable time, energy and resources to building your business. You have certainly accumulated significant personal wealth as a result of your entrepreneurial success. However, managing your financial assets can become complex and demanding. That’s where a wealth management advisor comes in. How can he or she help you achieve your financial and life goals?
nouvelles obligations - new obligations

NEW LEGAL OBLIGATIONS RELATING TO CORPORATE TRANSPARENCY

Since March 31, 2023, in order to improve transparency, protect the public and fight against fraud, money laundering and tax evasion, enterprises incorporated and/or registered in Quebec have to declare new information to the Registraire des entreprises du Québec.
Incorporation in Alberta

Incorporation in Alberta : federal or provincial?

In Alberta, a business owner who wants to incorporate his or her enterprise may do so using the provincial law or federal law: the former is the Alberta Business Corporations Act (hereinafter “ABCA”), and the latter is the Canada Business Corporations Act (hereinafter “CBCA”). This article will present the different reasons and advantages of incorporating under both laws in Alberta, and look into some of the practical factors to keep in mind when incorporating your business.
Incorporation in British Columbia

Incorporation in British Columbia : federal or provincial?

In British Columbia, an entrepreneur may incorporate his or her business under the provincial or the federal law; the former is the British Columbia Business Corporations Act, and the latter is the Canada Business Corporations Act. In this article, we will outline the different reasons and advantages of incorporating under the federal and the provincial law in British Columbia, and look into some of the general considerations to keep in mind when incorporating.
Business structures

The most common business structures in Ontario

Starting a business requires you to think about multiple considerations among which the business structure plays a fundamental role. Any business has to have a sound structure under which it operates and grows. In Ontario, the law allows an entrepreneur to organize his or her activities under various structures that have specific legal, tax, and operating characteristics.
Shareholders

All about shareholders in Ontario

Although we have addressed the question of the three main actors of an Ontario corporation in a previous article, the subject of the shareholder remains a key issue. Thanks to this actor, the Ontario corporation takes on its full meaning. Today, Lex Start will explain the ins and outs of this role that can sometimes intimidate entrepreneurs, and will demystify the rights and obligations that come with being a shareholder.
Director in Ontario corporation

Directors in an Ontario corporation

After you incorporate your company under the Ontario Business Corporations Act (hereinafter “OBCA”), a first meeting of the shareholders has to be held during which one or multiple new directors need to be appointed. This article will examine the specific duties and liabilities of directors, and how directors can mitigate risks when acting on behalf of a corporation established under the Ontario Act.
Officers in Ontario

All about officers in Ontario

Thanks to the article “The Three Types of Actors in an Ontario corporation”, you now understand the many different hats entrepreneurs wear within a corporation. If the role of a shareholder seems pretty clear, many entrepreneurs confuse the notions of “directors” and “officers”. Today we set the records straight and explain the ins and outs of what officers do within a corporation in Ontario.
Actors of a corporation

The three types of actors within an Ontario corporation

An entrepreneur is often defined as a businessperson. When it comes to a corporation, especially a start-ups, “entrepreneur” implies to take on many roles. We have heard the phrase « It takes all kinds to make a world ». It takes 3 kinds to create a corporation : a shareholder, a director and an officer. After explaining to you what are the differences between a federal incorporation & a provincial incorporation in Ontario in a previous article, Lex Start will now outline the protagonists of a corporation, explaining each one’s role in a mini-summary.
Business accelerators

The 5 best business accelerators in Montreal

Creating a business is an intense process with many competing emotions. The combination of excitement and stress, coupled with fatigue from long hours of work, can be a difficult to manage. Therefore, a helping hand is a luxury you cannot pass up. As a young start-up in the legal tech world, we at Lex Start are well aware of the incredible support business accelerators can provide nascent start-ups.