Legal matters for a small business

The six subjects that come up most, and what they cover.

8funder is not a law firm and gives no legal advice. This page describes the subjects so you know what to ask — a professional.

Shareholder agreement

Who decides what, and what happens if a partner leaves, marries, falls ill or wants to sell. The document everyone postpones and everyone regrets postponing.

Commercial contracts

Terms of sale, service agreements, subcontracting. A clear contract costs less than a dispute.

Employment law

Hiring contracts, internal policies, terminations. The rules differ from province to province.

Intellectual property

Trademarks, copyright, patents. A registered trademark is what stops a competitor using your name.

Privacy

PIPEDA federally, Law 25 in Quebec. They apply as soon as you collect customer data.

Compliance and annual filings

Annual return to the registry, director updates, minute book. Missing these can lead to dissolution.

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