Standard clauses, also known as "boilerplate" provisions, are general contract provisions that may be found in various agreements.These standard clauses may increase efficiency, reduce time and money spent on drafting, and ensure consistency across agreements. However, sometimes standard clauses are included into contracts without due consideration of their legal effects.It is imperative that parties review
According to the Key Small Business Statistics report by industry Canada, small businesses with 1-4 employees have a 60.5% survival rate and 5-19 employees have a 66.4 % survival rate in the first 5 years of operation. For those that continue to operate, part of their success can be accredited to efficient tax-planning initiated through
With a few simple keystrokes in a Google search, new entrepreneurs and startups can gain access to a wealth of resources, tools and information online regarding new business matters. It’s understandable that many new entrepreneurs and startups will be budget-conscious with the mindset of minimizing startup costs wherever possible. It’s also no surprise that new
Last updated on March 9th, 2022 at 01:37 pm Hello everyone, we’re going to have a quick chat with you about shareholders’ agreements. When we’re looking to start up a new business, a new corporation, and there’s more than one partner involved or more than one shareholder involved, it is incredibly important for you to
Hello everyone, this is a message for my fellow professionals, the Chartered Accountants of British Columbia. Specifically, those accountants who continue to incorporate companies on behalf of their clients, which is in breach of their code of professional conduct and is illegal to boot. Now I've pulled this article out from the Chartered Accountants of