The Corporations Act (Manitoba) allows the directors of non-profit or charitable organizations to pass by-laws governing internal procedures and corporate structures. Many organizations take the initial step of incorporation but fail to implement by-laws. The following are a few of the areas and issues that by-laws should cover. Electronic Signatures By-laws can provide the authority…

With the hustle and bustle of everyday business life, business owners sometimes forget about little things, such as corporate record maintenance. Managing your corporate affairs should also include corporate record maintenance, and in particular the legal aspects of maintenance. There are many seemingly simple changes that occur during a corporation’s life cycle. Examples include officers…

There are many different business structures that you can use to structure your business. The most common types are sole proprietorships, corporations and partnerships, although there are others as well. An overview of the different types of business structures can be found here: This article will provide an overview of what a corporation is and…

Generally directors and officers of a corporation are not personally liable for the obligations of a corporation, with certain exceptions. Directors and officers need to understand when they may be held personally liable for the actions or inactions of the corporation. The law is very clear regarding a directors and officers’ duty to understand their…

Yes it does. A corporation, whether non-profit or for profit, is a legal “person”.  Once a corporation has dissolved, it is no longer an active legal entity.  Dissolution for a corporation is similar to when an individual has died. An incorporated body may be dissolved intentionally or unintentionally. The unintentional dissolutions are usually due to…

Did you know….your Legal Fees might be deductions on your Income Tax Return We are all familiar with the process of filing income tax returns. Every year, we gather our T3’s, T4’s and T5’s, visit our accountant and they file our income tax return to the Canada Revenue Agency. What you might not know is…

Effective June 13, 2019, each private corporation incorporated under the Canada Business Corporations Act (CBCA) was required to prepare a register of “individuals with significant control” (ISC) over such corporation.  The purpose of these changes is to identify the actual individuals behind business activities being seen as an important and key component of Canada’s anti-money laundering and…

If you are a part of a family run business, there are two things you should know about the Employment Insurance premiums you’ve been paying for years: 1) If a family member is laid off EI may not honour their application for benefits; and 2) you might be able to claim back thousands of dollars…

It is fairly common knowledge that businesses are required to keep their accounting records for seven years. However, many people are not aware that they should be keeping certain records, like their general ledgers, forever in some cases. Take for instance, the family farm which has been operated for thirty years and is being passed…