Canadian FMSB Registration (Foreign Money Services Business) for Cryptocurrency Businesses

Foreign Money Services Businesses (FMSBs) are similar to Money Service Businesses (MSBs); however, there are some key differences. This article will explain the key criteria for a business to qualify as an FMSB in Canada and will outline the major compliance requirements for an FMSB. Who

5 Common Reasons to End a Franchise Agreement Early

A franchisor and franchisee relationship is defined in the Franchise Agreement, which also outlines the length of the partnership, the regulations both have to follow and a contingency to end/terminate the agreement.  However, due to certain circumstances, either party may want to terminate the Franchise agreement

Franchising vs New Business: Which Direction Should You Take?

When entering into a new venture, you are presented with two options:  join a pre-existing franchise chain establish a new business venture independently As a franchisee, you will be working with a pre-established business and will act as a distributor of that business under its trade

What Are Articles of Incorporation?

Annual Maintenance 101 – Requirements for BC Companies

The BC Business Corporations Act (BCA) requires all corporations to file an annual report as per s.51 with current information. By filing your annual report, you are informing the BC Registry that your company is in active standing. Failure to file an annual report after two

3 Benefits to Using a Law Firm as Your Registered and Records Office

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

Crowdfunding Businesses: Canada MSB License Required

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

Legal Guide to Starting an Online Business in BC

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

8 Contract Mistakes that Cost Your Small Business Money

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