The COVID-19 pandemic added new levels of stress and uncertainty to the lives of most Canadians. No corner of society worldwide has been left untouched by the effects of the pandemic, especially the non-profit sector. The pandemic hit charities on all fronts. The weakening economy cut donations while government restrictions on social gatherings shut down fundraising events. Even as charities … Read More
Overcome These 5 Colossal Mistakes When Drafting Your Shareholders’ Agreement
If you own shares in a private corporation, you should be no stranger to a shareholder’s agreement. This document, which outlines how the company should be operated and the rights and responsibilities of the shareholders, is integral in protecting your rights as a stakeholder in the business. You may also be aware that there are significant benefits in funding your … Read More
The Top 8 Things Business Owners Should Consider When Buying Life Insurance
Buy-Sell Agreements, Insured Retirement Plans, Business Contingency Planning or Succession Planning: Life Insurance Has a Role in your Business Whether you’re purchasing life insurance to satisfy a buy/sell agreement, creating an Insured Retirement Plan to get money out of your business in a tax favourable way, for business contingency planning or succession planning, life insurance can fulfil a very cost-effective … Read More
Partnership Agreements and Business Insurance: You Can’t Have One Without the Other
You’ve set up insurance to protect yourself, your family and your business in case something ever happens to yourself, a Partner or a key employee. Finally, you have peace of mind that you’re protected and that your family and the business will be looked after in the event if something should happen to my business partners or me. But am … Read More