Law and Ordower

Understanding Contracts: The Shareholders’ Agreement

Posted by Matthew Ordower on Apr 10, 2019 5:12:15 PM

 
Beer stock - small size

Have you ever heard the saying: The whole is greater than the sum of its parts? This old adage is often used nowadays to highlight the advantages and opportunities of teaming up with other people in a business context. Realistically speaking, however, a business partnership rarely comes without its risks. If you are thinking about partnering up with others, you should carefully consider both the potential risks and benefits.

As lawyers practicing in the area of business law, we often get asked by our clients how to limit the risks involved in a business partnership. In a rush to get a new business start-up off the ground, the answer can be easily overlooked.

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Topics: business startup, start a business in Ontario, contracts, shareholders agreement

Trademark Basics - Should I Register a Trademark Now or Later?

Posted by Jana Lambert on Feb 26, 2019 1:04:24 PM
 

As a business person, it's challenging to decide what issues are of critical importance now and which can be tackled later.

Intellectual property or IP protection is precisely one of those issues. You may rightly feel that your ideas, designs or products are the lifeblood of your business and that you need to protect them from copycats and unfair competitors. You may be worried that failing to provide legal protection to your brand and products right from the very beginning may have disastrous consequences for your company. But there's the rub...

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Topics: business startup, start a business in Ontario, Trademarks

How to Start a Business in Ontario

Posted by Jana Lambert on Jan 25, 2019 8:57:41 AM

 

Wondering how to start a business in Ontario? You're far from alone. Each business has a unique backstory, but many follow this general pattern: The business started by taking on small jobs or selling small quantities of goods or services and gradually ramped up to execute large projects. This is a great way to get going, as it allows you to test an idea before you invest a lot of money and effort. Another method of testing before investing is to buy an existing business, if you can get a good deal.

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Topics: incorporate in Ontario, business startup, start a business in Ontario

Business Startup - The First Year: What's in a Brand: A Primer on How to Successfully Create and Promote Your Brand

Posted by Matthew Ordower on Dec 6, 2018 4:24:24 PM

 

Part II: Developing Brand Awareness

In Part I, we defined what a brand is and provided some strategies on how to create a new brand completely from scratch. Once you have clearly defined and developed all the elements that define your brand, you are prepared for the next step – building and increasing the awareness of your brand. This process is challenging, time-consuming, and requires continuous effort, but it’s also one of the best ways to ensure a company’s growth and longevity. So how do you go about it? In this article, you will find 5 practical tips to help you build brand awareness. In order to do so, it’s helpful to understand what brand awareness is and how it benefits your business.

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Topics: first year of business, branding

Understanding Contracts: Independent Contractor vs. Employee

Posted by Matthew Ordower on Nov 28, 2018 3:08:22 PM

The line between independent contractors and employees can be murky. The courts and the Canada Revenue Agency look at multiple factors and tests to determine whether someone is an independent contractor or an employee.

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Topics: employee, independent contractor, contracts

What is Included in the Articles of Incorporation

Posted by Jana Lambert on Oct 25, 2018 3:10:02 PM


 

When you want to form a corporation in Ontario, you will need to prepare and file articles of incorporation. The articles of incorporation is the document that brings your corporation into existence, and sets out certain features of the corporation, for example, any restriction on the business that may be carried on, the classes of shares that can be issued and any share transfer restrictions. As such, proper preparation of your articles of incorporation is vital to your business.

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Topics: incorporate in Ontario, business startup, articles of incorporation

Top 10 Reasons to Incorporate in Ontario

Posted by Matthew Ordower on Oct 25, 2018 12:53:24 PM

The prospect of incorporating a business in Ontario may seem exciting or overwhelming, perhaps both, but there’s a reason you’re thinking about incorporation, right? For example, it gives your business several layers of protection that sole proprietorships don't get. Here’s a look at that advantage and others.

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Topics: incorporate in Ontario

Business Startup - The First Year: What’s in a Brand: A Primer on How to Successfully Create and Promote Your Brand

Posted by Matthew Ordower on Oct 4, 2018 4:34:30 PM

 

Part 1: Creating a Brand

Thanks to the advances of the digital age, becoming a global brand is no longer the domain of big, multinational corporations with formidable starting capital. Today, with the help of Facebook, Twitter, Instagram and other popular social media platforms, and a bit of search engine optimization (SEO) know-how, even small brands can quickly go from obscurity to international fame. On the other hand, popularity created and based solely on social media buzz can be a two-edged sword. The attention span of Internet users is short, and Web 2.0 fads fade quickly. So, if you’re trying to create a brand with lasting appeal and an allure that will endure decades rather than months or years, you need to look up to companies that have managed to achieve this extraordinary feat.

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Topics: business startup, first year of business, branding

Business Startup – The First Year: Why Choosing a Name is Important and How to Do It

Posted by Matthew Ordower on Oct 2, 2018 1:32:11 PM

Some people dread it. Some obsess about it. Some simply want to be through with it. If you’ve ever done it yourself, you’d probably agree that the process of choosing a name for your company or brand tends to stir extreme emotions. But is a name really that important? After all, your clients and investors will surely appreciate your business for its products and services rather than its name. Right?

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Topics: incorporate in Ontario, how to name your business, business startup, first year of business

Are You Compliant? What Your Business Needs to Know

Posted by Jana Lambert on Sep 28, 2018 4:27:27 PM

 

Meeting business compliance requirements in Ontario can seem overwhelming. In addition to requirements related to your specific business and operations, there are ongoing business compliance requirements related to your corporation to keep it in good standing.

Compliance issues range from preparing annual resolutions, ensuring the government has the most up-to-date information related to your corporation, filing your corporate and other tax returns, employee remittances and making sure you have the necessary permits and licenses to operate your business.

That’s a lot to think about, so we’re going to try and give you some ideas and resources to help manage this. Understanding your obligations and where to go for information will make things a little bit easier.

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Topics: business compliance, compliance requirements Ontario