Tag: Business Management

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.

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.
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.

Individuals with significant control

As of June 2019, it is mandatory for all corporations incorporated under the Canada Business Corporations Act (CBCA) to maintain a register showing all individuals who have significant control over the corporation (s. 21.1(1) CBCA). By choosing to incorporate with Lex Start, this register will be created for you at incorporation, but it is important to understand the implications of this register to ensure that it is maintained throughout the life of your company.

Responsibility of entreprises and Quebec Privacy Act

Our first segment about the protection of personal information in Quebec covered the basic legal concepts applicable in the situation where an enterprise is subject to the Act Respecting the Protection of Personal Information in the Private Sector (hereinafter referred to as the “Privacy Act”).
personal information

The protection of personal information in Quebec

In Quebec, two specific laws govern the collection, communication and use of personal information by an enterprise in the course of its operations: the Act Respecting the Protection of Personal Information in the Private Sector and the Personal Information Protection and Electronic Documents Act.
Shareholders' agreement

Shareholders’ agreement in Canada: essential provisions

Following our previous article on the importance of having a shareholders’ agreement in Canada, this article offers an overview of the most common clauses in a “regular” shareholders’ agreement or a unanimous shareholders’ agreement.

Shareholders’ agreement in Canada : why ?

In our previous article about the most common business structures in Ontario, we briefly discussed two protection tools available to the shareholders of a corporation, that is to say the shareholders, and the unanimous shareholders’ agreements.