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Building a Solid Foundation – Knowing your options when it’s time to issue shares

Once your startup begins to see success, discussions often turn to shares – namely, the amount that should be issued and who should gain equity in your company. Zeifmans’ experts teamed up with Cassels Brock & Blackwell LLP, a full-service business law firm, to author this guide to help your startup with considerations around issuing shares and creating a solid share structure.   ...

Ontario tweaks Business Corporations Act, making it more business-friendly

This summer, two small but important amendments to the Business Corporations Act (Ontario) came into effect. These amendments eased restrictions on governance so that Ontario businesses can operate more efficiently, ensuring consistency with other Canadian jurisdictions.   Effective July 5, 2021, the new amendments also reduced approval thresholds for written shareholder resolutions and led to ...

How to establish a successful real estate workforce

Your real estate venture has taken off and you’ve assembled a team of new hires to help get your operation running in high gear. Now that you’re growing your business, you’ll be faced with a myriad of difficult decisions that could have a significant impact on your career. While this scenario is exciting, growing ...

BDC insights for tech companies looking for financing – and why your accountant should be your first stop

Securing financing from a top lender like BDC doesn’t depend on luck or a splashy pitch deck. There’s a surprising amount you and Zeifmans Technology and Startups team can do beforehand to speed up the application process and ensure your tech business gets the loan it needs.  We chatted with Marc-André, Regional Director of Technology Industry at BDC about ...

Remodelling your real estate business plan: A guide for entrepreneurs

Unless you’re a perfectly preserved mid-century rancher, there’s always room for renovations.   When it comes to your real estate business plan, it’s understandable that you may require some tweaks throughout the years to ensure that your plan is as thorough, sturdy, and opportunity-optimized as it can be. And if you’re brand new to the real ...

Top 10 pitfalls of real estate financial reporting

The relationship between business owner and accountant is paramount to the success of a real estate business, in particular when it comes to your financial reporting needs. That’s why Zeifmans has spent more than 6 decades putting relationships first; building our business based on our care, attention, and future visioning so that our clients ...

How Bill C-208 will ease the tax burden on family business

Family business is the backbone of the Canadian economy. When a family business is passed down to the next generation, we see so many positive ripple effects in the economy: A new entrepreneur is given the opportunity to succeed  New jobs are created  Industry advancements are made Loyal customers maintain a trusted partner Communities ...

Bid to repeal Section 280E up in smoke: How the recent ruling affects American cannabis

Regulatory support will always trail behind public acceptance and one prominent example of this is the US’s outdated Internal Revenue Code Section 280E as it relates to the cannabis industry.  In a long well-publicized battle, Oakland-based Harborside Inc. (listed on the Canadian Securities Exchange and operator of a number of cannabis dispensaries) had been arguing that Section 280E is unconstitutional. This section bars state-legal cannabis companies from making use of standard business deductions other ...