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Business Law

  • Do I have to give my business a name?

    In Canada, naming a business is not required. Once you register your business and submit all the forms, the registrar can give you a temporary default name such "12345 Ontario Inc.". This name can lat...

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  • How do I select a name for my business?

    Selecting a business name is something that involves creativity, good business sense and careful research. You have the freedom to select whatever name you like as long as it meets certain restriction...

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  • What is a partnership?

    A partnership is an unincorporated business that is managed and directed by two or more people that act as partners. ...

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  • What is a partnership agreement?

    A partnership agreement is a contract among all partners that sets rights, responsibilities and partnership terms/conditions of each partner....

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  • Can I use my personal name as business name?

    There is no restriction for using own personal name as a business name as long as it meets legal requirements of not being confusing, deceptive or already in use by someone else....

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  • What is a joint venture?

    A joint venture is an agreement by two or more businesses to work together on a certain project, business, etc. From the legal perspective, a joint venture is a contractual arrangement, meaning that t...

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  • What is a professional corporation?

    A professional corporation refers to a business such as law firm, accounting firms and certain other firms set up by licenced professionals. These special corporations do not offer the same liability ...

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  • Who can establish a professional corporation?

    In Canada, this business form is limited to lawyers, accountants, Audiologists, chiropodists including podiatrists, chiropractors, dental hygienists, dental surgeons, dental technologists, denturists,...

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  • What is a limited liability partnership?

    It is a partnership which can be formed only by licenced professionals. Unlike a regular partnership, in a limited liability partnership, the partners are not liable for the negligent acts of other pa...

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  • What is a limited partnership?

    A limited partnership is a partnership arrangement that has one or more main general partners that manage the business and one or more partners that do not participate in the management. These inactiv...

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  • Can I protect my personal assets from liability?

    Yes. If you are afraid that you might face personal liability for something that happened in the course of running your business, you can incorporate your company and/or transfer your assets to your s...

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  • What is a franchise?

    A franchise is a business arrangement that allows the business owner to grant another person the right to carry out a certain set of commercial activities. It usually refers to a business model type w...

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  • What is a franchise agreement?

    Franchise agreement is a formal contract between a between owner (franchisor) and another person (franchisee). This contract gives that person a right to operate the owner's business and sell his/her ...

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  • What are preemptive voting rights?

    Preemptive voting rights are granted to shareholders when a corporation wants to issue new shares. These rights give existing shareholders an option to purchase the newly issued shares in proportion t...

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  • What is a proxy?

    Generally, a proxy is a right to appoint another person to act on your behalf. It usually refers to the right to act as a proxyholder n a sharheolders' meeting on behalf of a shareholder that cannot a...

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