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Frequently Asked Questions About Incorporation

April 15th, 2012 | Posted by qblc in Corporations | Taxation - (0 Comments)

A corporation is a legal entity distinct from its owners and capable of assuming its own legal obligations. A corporation has the right to enter into contracts, raise capital through investors or debt, sue and be sued, hire employees, own and sell assets, and pay taxes. What are the advantages of incorporation? 1) Limited Liabitlity … Read more →

The New Federal and Provincial Not-for-profit Corporations Acts

March 20th, 2012 | Posted by qblc in Charitable Status | Not-For-Profits - (0 Comments)

The Ontario Not-for-profit Corporations Act, 2010 (“ONFPA”) and the Canada Not-for-profit Corporations Act (“CNFPA”) will replace, respectively, the Corporations Act (Ontario) (“OCA”) and the Canada Corporations Act (“CCA”), to provide a new, comprehensive framework under which Ontario and federally incorporated not-for-profit corporations (“NFPs”) will operate. When the Changes Come Into Force The CNFPA came into … Read more →

Charities vs. Not-For-Profit Organizations

February 16th, 2012 | Posted by qblc in Charitable Status | Not-For-Profits - (0 Comments)

Charities and not-for-profit (NFP) organizations are an important part of the Canadian corporate and social landscape. Both can be distinguished from business corporations by their non-profit nature. While a charity and an NFP organization share many similar characteristics, a charitable organization must be distinguished from an NFP organization. An NFP organization can be defined as … Read more →

Standard Contractual Terms

January 31st, 2012 | Posted by qblc in Corporations | Not-For-Profits | Partnerships - (0 Comments)

Contracts vary widely depending on what they are designed to do, how much money is involved and who the parties are. However, there are some “boiler plate” clauses that are standard across a number of contracts. When writing, reviewing or determining if you should sign it consider whether the following clauses are relevant to your … Read more →

Employment Agreements

June 30th, 2011 | Posted by qblc in Employment - (0 Comments)

The contract of employment or “employment agreement” is often considered the cornerstone of the employment relationship.  Legally speaking, all employees have a contract with their employer whether they have signed a formal contract or not; however the purpose of an employment agreement is to clearly set out the terms and conditions of that employment in … Read more →