by John M. Figol | Oct 19, 2020 | Corporation, Dealings with Shareholders, General
There are many reasons for issuing non-voting shares: incentivizing employees with equity, issuing shares to family members, or capital raising through crowdfunding campaigns. In most cases, these reasons are balanced with a founder’s desire to maintain control over...
by John M. Figol | Mar 30, 2020 | Employment
For many businesses the onset of Covid-19 has resulted in loss of work, cancellation of contracts and in some cases even a cessation of all business activity. Most of us are familiar with layoffs in the context of a unionized environment. One of the most common...
by John M. Figol | Feb 1, 2019 | Corporation, Directors & Officers, General
So, you’re going to be a director of a corporation? Make sure you understand the liability that you may expose yourself to, personally. Directors manage and supervise the business and affairs of a corporation. As part of this duty, a director has a fiduciary duty to...
by John M. Figol | Jun 25, 2018 | Cannabis, Employment, General
Following extensive public consultations with Canadians, provincial and territorial governments and Indigenous communities, Bill C-45 — or the Cannabis Act (Act) — passed in the Senate on June 19, 2018 and received Royal Assent on June 21, 2018. This historic vote...
by John M. Figol | Apr 27, 2018 | Dealings with Shareholders, General
Deciding to go into business with a partner or multiple partners doesn’t require formal documentation; it simply requires a business idea and a handshake. Many individuals will incorporate their business to shield themselves from personal liability, and then leave it...
