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When forming a company, how many shares should be issued, and at what price?

by Geralt on Pixabay   There's no magical number, but if you are forming a company with a single shareholder then one class of shares with 100 shares issued at 1 cent each (= $1) is fine. A...

What rights can you not sign away in a contract?

The power to contract is extremely broad, but that doesn’t mean the power is limitless. You can’t contract to perform illegal activities and you certainly can’t contract away constit...

Overview of Articles of Incorporation

Overview of Articles of Incorporation   What is this document? Articles of Incorporation are the basic ‘constitution’ of a (business) corporation.   When would I use this ...

Blog Bite: Can corporations establish the venue for litigation based on their registered business address?

This article posted on our partner site Mondaq.com discusses the decision-making of the location of the registered office (and books and records) as a strategy to choose the venue for litigation. ...

Tips and Tricks: How to Compensate a New Team Member in Equity

Start-up companies often struggle with the valuation calculation, and how to determine the number of shares to issue to a new team member. A good place to start when thinking about this a...

Blog Bite: When does an non-profit have to inform tax authorities about changes to its mission in articles of incorporation and by-laws?

This article posted on our partner site Mondaq.com seeks to answer the question of when does the tax authority need to be notified when an non-profit changes their mission. The article is written by...

Blog Bite: Liability of directors, officers, who should be protected by the company’s indemnification clause?

This article posted on our partner site Mondaq.com illustrates why indemnification clauses should not be considered boilerplate, and why they should be reviewed frequently. The author explains that ...

Blog Bite: What are the relevant provincial laws to consider when incorporating in British Columbia?

This article posted on our partner site Mondaq.com provides an extensive guide on both incorporating a business in the province of British Columbia, as well as the laws governing business regulatio...

Blog Bite: Are there legal questions that corporations should ask themselves before “being charitable”?

This article posted on our partner site Mondaq.com discusses some of the legal questions that corporations wishing to financially support a registered charity using company time or money (i.e., enga...
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