There are several important provisions to include in a family business shareholders agreement that extent beyond the management of the business. These include disability of a shareholder, death of a shareholder, marital breakdown and finance. Disability of a shareholder This is particularly important when the shareholder is actively involved in…
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What Licenses Do You Need When You Start a Business?
No matter what your company does or what legal structure you choose for your new business, there are likely going to be licenses and registrations that must be obtained or completed. How many are needed and how long they take to be approved will depend on the nature of your…
Common employment law mistakes made by employers: #7: Failing to provide an employee the time and information needed weigh options when being dismissed
Employers generally want to promptly resolve all issues with an outgoing employee in order to avoid litigation. To achieve this, an employer must provide the employee with sufficient time and information to make an informed decision. Apparent resolutions may not be legally binding if the employer fails to provide an…
Incorporating with a Numbered or Named Company
Related Articles 5 signs the time is right incorporate your business Pros and cons of incorporating your business Understanding your liability when incorporating your business When you incorporate your company you can choose between having a named or a numbered company. If you choose to go with a named company…
Common employment law mistakes made by employers: #6 – Ignoring the emotional state of the discharged employee during settlement discussions
Outbursts of anger can occur during the events leading up to a dismissal, during a termination meeting and, if litigation occurs, during a mediation and examination for discovery. The anger experienced by an employee who feels like he or she has been mistreated can linger for years and, in some…
Common employment law mistakes made by Employers: #5 Mishandling Service Canada inquiries regarding EI eligibility
Employees who are fired due to their own misconduct are not entitled to receive employment insurance benefits. In most cases, Service Canada will do an investigation to determine eligibility and the records from the investigation, as well as Service Canada’s conclusion, can be very persuasive evidence should the employee commence…
Common employment law mistakes made by employers: #4 Not ending an employment relationship in a dignified manner
Canadian employers have a duty of good faith and fair dealing to employees in the course of a dismissal. This duty requires employers to be candid, reasonable, honest and forthright with an employee and prohibits an employer from engaging in conduct during the course of dismissal that was unfair or…
Family Business Shareholders Agreements Part III – Restrictions on Transfer of Shares
It is important for most family businesses that restrictions on the transfer or sale of share be placed on the shareholders. Complications brought about by different groups within the family can make this portion of the shareholders agreement more complicated than in most private businesses. Examples of some of the…