When Non-voting Shares Get to Vote Part II

In “When Non-voting Shares Get to Vote” we looked at how calling a share a ‘non-voting’ share is a bit of a misnomer. Under Canadian corporate statutes even non-voting shares have the right to vote in certain circumstances and at best should be called ‘mostly...

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When Non-voting Shares Get to Vote Part I

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...

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Covid-19: Can I Layoff My Employees?

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...

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Aggressive Business Valuation – Is It Worth It?

For some companies the most important term in a term sheet is valuation. And that makes sense.  When raising capital the higher the valuation on your business, the more you keep. But a  high valuation, or  perhaps more accurately an overly aggressive valuation, can be...

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Director Liability

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...

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