202004.23
0

General Meeting of Members – Innovation of the Companies Act

Several non-profit organizations are incorporated by letters patent under Part III of the Companies Act. While the entry into force of the Quebec Business Corporations Act in 2011 modernized the law applicable to companies, now corporations, non-profit organizations are still governed by the Companies Act, which has not been modernized, except to a minimal extent….

Corporate Obligations: The New Register of WHAT?
202002.21
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Corporate Obligations: The New Register of WHAT?

Any joint-stock company, whether incorporated under the Canadian Business Corporations Act (CBCA) or under the Quebec Business Corporations Act (QBCA), has the obligation to keep books at its head office which include certain documents required by law, including the company’s articles of incorporation, minutes of meetings and shareholders’ resolutions, as well as the securities register,…

The Joint-Venture in Business Partnership
202001.22
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The Joint-Venture in Business Partnership

Unity is strength, but under certain conditions The imagination and dynamism of entrepreneurs often lead them to identify new business opportunities. And it may happen that these opportunities require the pooling of resources and know-how from several different companies. Rather than proceed with the acquisition of a complementary business in order to exploit a business…

Business Transfer: 7 Key Tips Part 2
201912.13
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Business Transfer: 7 Key Tips Part 2

Here is the second half of our article to help you build strong governance at all levels, for a smooth business transfer! To read part 1 of this article, click here.   4. Create a Transfer Management Team One of the main obstacles to a business transfer is the proximity of the transferor’s person to…

The Family Council
201911.19
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The Family Council

According to Emily Griffiths-Hamilton, author of Your Business – Your Family – Their Future, 70% of family businesses fail to transfer the business from one generation to the next. This means that only one company out of ten survives until the third generation! According to Ms. Griffiths-Hamilton, 60% of these failures are due to a…

The secret for a successful business transfer? Planning.
201911.12
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The secret for a successful business transfer? Planning.

Half of family business owners intend to pass their business on to family members, but 74% do not have a thorough or even a basic succession plan. In an article published on April 10, 2019 the website www.conseiller.ca reports that private and family businesses account for 60% of Canada’s GDP. Among family businesses, about half…