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PROPRIETORSHIP, PARTNERSHIP,AND INCORPORATION MEMORANDUM LEGAL FORMS OF BUSINESS ORGANIZATIONS There are three basic ways in which a business organization can exist, namely a sole proprietorship, a partnership, and a corporation. A…

INCORPORATIONMEMORANDUM ADVANTAGES OF INCORPORATION There are many advantages of incorporating and all the advantages cannot be set out in this short memorandum. The most important advantage is the limitation of…

CHANGE OF HEAD OFFICEOF A CORPORATION General A corporation is a separate legal entity from the shareholder owning the corporation or directors who manage it. To locate a corporation you…

FRANCHISE AGREEMENTMEMORANDUM General A large amount of retail trade in Canada is now conducted through franchise organizations. A franchise permits you to acquire the know how of an experienced franchisor…

EMPLOYMENT AGREEMENT MEMORANDUM RE: Employment Agreement Written employment contracts are not common except for the employees at the higher management levels. When an agreement is prepared the agreement binds the…

CHARITABLE ORGANIZATIONMEMORANDUM ADVANTAGES OF INCORPORATION Incorporation creates a new legal person and after it has been done the corporation alone is responsible for the liabilities. This avoids personal liabilities of…

DIRECTORSMEMORANDUM GENERAL There are many situations now and increasing by the day in which the directors are held personally liable for a wrongdoing of the company. Such personal liability is…

ANNUAL MINUTESMEMORANDUM Annual MeetingThe Ontario Companies are now governed by the 1982 Business Corporations Act.Under The Business Corporations Act, a corporation is required to hold a meeting of the shareholders…