Starting a business requires a substantial investment in time on the part of the entrepreneur. The latter is quickly called upon to make many decisions and to coordinate the various tasks to be performed in order to ensure, as much as possible, not only a successful start, but also the healthy growth of the company. […]
The sole proprietorship is often the legal structure chosen by self-employed entrepreneurs. As its name suggests, a sole proprietorship is a business operated by one person who has direct control over the orientations of the business. It is simple and inexpensive to set up, as a sole proprietorship does not need to be registered unless […]
It is not always easy for entrepreneurs to determine which of a non-profit organization (“NPO”) or a cooperative (“Coop”), is the most appropriate legal entity to accomplish their social economy project. These two types of organizations have several similarities. For example, NPOs and Coops i) have a social purpose; ii) benefit more than one person; […]
A start-up company will often use different sources of financing to raise the capital needed to launch its project. After the entrepreneur’s personal investment, one of the main sources of financing for a start-up business is the financing provided by the entrepreneur’s family and friends, also known as “love money”. One of the advantages of […]
Under the provisions of the Taxation Act (the “Act”), certain construction contracts entered into between a contractor and a subcontractor require a Certificate issued by Revenu Québec certifying that the subcontractor complies with the Québec tax laws and does not have any overdue account with Revenu Québec (the “Certificate”). Contracts requiring a Certificate: the contract […]
Financing a business by a financial institution, such as a loan from a bank, is one of the current financing methods available to a start-up company. Before approaching a financial institution, it is essential that the entrepreneur prepare a financial plan, within its business plan, which should include the various sources of funding for the […]
The General Data Protection Regulation (“GDPR”), in force since May 25, 2018, concerns the protection of personal data of individuals within the European Union (“EU“). Canadian companies are subject to the GDPR if they have a business in the EU or if they deal with the personal data belonging to European residents in the context […]