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Can a Founder Legally Promise Equity in a Company that Doesn’t Yet Exist?

Serial entrepreneurs are constantly coming up with the ‘next big idea’. During the excitement of starting the process of building a business, incorporating might not be the first thing o...

Let Clausehound.com help you incorporate your startup!

Are you interested in incorporating your business? Let Clausehound.com usher you through the process and ensure that you and your business are properly protected!     Step 1...

What legal steps do you need to go through in order to start a business?

  A while ago Forbes published an article titled, “10 Big Legal Mistakes Made By Startups.” It’s quite informative about what you need to do to start a business, but also q...

Canadian Articles of Incorporation – Part 4 of 8: What to consider when selecting Directors for my business?

Canadian Articles of Incorporation – Part 4 of 8: What to consider when selecting Directors for my business? Introduction- Firstly, this post will outline exactly what a Director is ...

Canadian Articles of Incorporation – Part 3 of 8: Selecting and Protecting Your Corporation’s Name

Canadian Articles of Incorporation – Part 3 of 8: Selecting and Protecting Your Corporation’s Name Introduction- Choosing a business’ name is an extremely important decision that...

Canadian Articles of Incorporation – Part 2 of 8: Which Articles of Incorporation Should My Company Use?

Canadian Articles of Incorporation – Part 2 of 8: Which Articles of Incorporation Should My Company Use? Introduction- Upon considering whether one wants to incorporate their busine...

Canadian Articles of Incorporation – Part 1 of 8: Introduction to Incorporation

Canadian Articles of Incorporation – Part 1 of 8: Introduction to Incorporation Introduction- Incorporating a business can be one of the most important decisions any entrepreneur mak...

Non Profit Organizations May need to Register before Collecting Funds in a Jurisdiction

Many jurisdictions require not for profit corporations to register before fundraising in the jurisdiction. One important element is the registered address of the corporation, and whether it has an off...

Non Profit Organizations May Be Required to Appoint Independent Directors

Depending on the status of the not for profit corporation under applicable tax or corporate legislation (eg. charitable/not for public benefit etc), the members may be required to appoint a stated per...

A Not for Profit is Not Always Eligibile for Property Tax Exemptions

Status as a not for profit corporation does not automatically qualify a corporation for exemption from property taxes. The legal tests vary from jurisdiction to jurisdiction, and may vary between prop...

Not For Profit Doesn’t Mean that the Books Don’t Need to Balance!

Not for profit corporations must make money to 'stay in business', but how the amount of surplus income and the purposes for which it is made is treated by tax authorities, may vary from jurisdiction ...
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