Posted on January 27, 2011, by Eva Chen
Employees are often the greatest strength of a successful business; however, they can also be the predominate source of expenditure in the operation of a business. These include salary, training costs, employee incentive programs, insurance, and other benefits.
According to the statistics released by Industry Canada, 98 per cent of businesses in Canada have fewer than 100 employees; approximately 55 per cent of businesses have between 1 and 4 employees. Whether you have a work force of 2 or 100.... Read More ››
Posted on February 1, 2011, by Eva Chen
Small- and medium-size businesses form the foundation of the Canadian economy. The majority of small- and medium-size businesses are operated by private corporations formed by business partners and/or family members.
In a multi-shareholder corporation, a Shareholder Agreement (SA) is perhaps the most important contract for incorporation. This contract describes the relationships between the shareholders (SHs), and between the SHs and the corporation. As a SH with an interest in the company, you want to ensure that the value of your shares is not diluted by unnecessary loans or sale of the corporation's assets. You would also want to limit the transfer of shares.... Read More ››