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. TABLE OF CONTENTS Who qualifies as an FMSB?Qualification RequirementsFurther clarity on
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 prematurely. There are several factors that may influence either
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 name and business system. A new business is an
When an incorporation application is filed, the incorporator is required to file a notice of articles with the application. The notice of articles is a requirement under the Business Corporations Act (BCA) which includes the shares and shareholders of the corporation, its directors, the name of the corporation and registered and records office mailing and
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 consecutive years may result in company dissolution as per