2020 has proven to be the year of unprecedented challenges – from a global pandemic to rising unemployment to societal unrest. This year has hit everyone hard – including business owners.
Cybercrime is difficult to catch until it’s too late. This is because people who engage in these activities generally know how to cover their tracks well or divert suspicion. It also takes hours of research to determine what happened and when, and to tie this activity to a particular person or organization.
After all your efforts working on your business proposal, finding the right location and securing all the necessary equipment, you and your partners are ready to open your business. Have you carefully examined your partnership agreement for potential hurdles?
Protecting your business may seem more complicated these days than it was for past generations. It was not long ago when a business owner could lock the front door of their building and feel confident that the business was safe from thieves. In modern businesses, however, there are more factors to consider than just tangible assets.
In recent months, a lot of things have changed for many Ontario businesses. The current global health crisis has forced some changes to occur that have jeopardized many companies. In working toward getting things back on track, the businesses that have a plan in place for hard times may have an easier time doing just that.
The manufacturing industry does what it can to produce quality, safe products for the residents of Canada and the world. However, the manufacturing process is not always perfect.
CEOs, directors and most everyone invested in the success of a corporation likes to see the business grow. Many senior leadership teams in corporations develop some sort of growth strategy. Certain strategies succeed, while others may not deliver as expected.
When you initially form a limited liability corporation (LLC), you work with a group of people who have similar goals and values in order to take an idea and turn it into a viable business. These people become investors or members who have a financial – and perhaps operational – interest in the business you form together.
Virtually all companies have employees and provide either goods or services to the public. However, this is not the case with shell companies. The primary goal of shell companies is to manage funds on behalf of another company, which typically does have employees and does offer something to customers.
No matter the size of your company, contracts will be a crucial aspect of your business. You will need them to get started, and you will need them to grow. You may need contracts with vendors, employees and clients in the course of operations. It is essential that these contracts be legally binding and advantageous for your business.