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Non-Profit and Charitable Organization By-Laws
June 2nd, 2017 by Samuel Teichroew
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. Notice of Meetings Well drafted by-laws provide for the necessary notice periods for meetings of the board… Read More »
Registration of Business Names
December 11th, 2015 by Robert Smith
Selecting the appropriate business name is sometimes the most difficult task faced by the prospective entrepreneur. Your name will be your identity and the way others see you. The registration of a business name is on the public record at the Companies Office of Manitoba and a search of any registered business name will reveal the location of the business and the owners of it.… Read More »
Proposed Amendments to The Taxation of Goodwill on The Sale of Eligible Capital Property
October 15th, 2015 by Gemma Brown
In the 2014 federal budget, the Federal government announced they would conduct consultations regarding “eligible capital property” (“ECP”). This is the category of business assets that includes goodwill and certain licences, franchises and quotas. On the sale of a Canadian controlled private corporation under the current tax rules, eligible capital property assets are not treated as regular depreciable property. Instead, half of the value ascribed… Read More »
Family Businesses and Employment Insurance
December 11th, 2014 by Grant M. Driedger
If you are a part of a family run business, there are two things you should know about the Employment Insurance premiums you have been paying for years: If a family member is laid off, EI may not honour their application for benefits; and You might be able to claim back thousands of dollars in premiums that have been paid. Many people are unaware that… Read More »
Should I Incorporate My Business?
October 6th, 2014 by John E. Neufeld
Anyone in business must decide what the appropriate form of business organization is for them. Sometimes this is one of the most important business decisions to be made. The consequences of a wrong decision can be catastrophic. Great care ought to be taken and the best advice available should be sought. There are many forms in which a business may be carried on. The SOLE… Read More »
