Did you know that every incorporated company located in British Columbia is required to have a Registered and Records Office?As stated in s.34(1) of the BC Business Corporations Act, companies must maintain a Registered and Records Office address (mailing and delivery) as part of their record at the Corporate Registry.In the following post, you will
On April 05, 2022, the Government of Canada announced a number of changes that impact the financial services industry. One of these changes occurred through the amendment to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). The changes mostly pertained to broadening PCMLTFA’s regulatory capture to include crowdfunding businesses that operate in
Since the onset of the COVID-19 pandemic, there has been a dramatic shift in the way we do business. Traditional brick and mortar businesses as well as new startups are quickly pivoting to online platforms in order to connect and service their customers. The BC government recognizes this shift as well with the implementation of
For business owners, contracts are the backbone of any business relationship. Whether you’re dealing with vendors, customers, employees, or business partners, having a binding and legally enforceable document ensures that there is a record of commitment and accountability between parties. However, contracts can be complex in nature and even minor mistakes can lead to severe
Many believe buying a franchise presents an easier path to a successful and profitable business instead of starting your own company because you are purchasing an established brand with “turnkey” operations. It sounds enticing, but in reality, investing in a franchise involves a myriad of legal risks and obligations that you may not have considered