What Are My Responsibilities To My Former Partner(s) After Leaving My Company?

For whatever reason, you’re wanting to leave the company in which you were a partner. With that you’re wondering if you have any obligation to your former partner(s). The below information will help guide you through this process.

Responsibilities To Your Former Company Partners

Obligations

If you’ve actually been a director in the company, there are some things you need to know. If you were a director, you’ll have to ensure company taxes have been appropriately filed until the dissolution of the company. You can’t just leave without doing it properly. A director has to make it publicly known at a meeting where happenings are documented that he is resigning as a director. Having it in the minutes of the meeting is important. This information should also be sent to the appropriate authorities like any lending institutions, government agencies and so on.

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How To Register A Marijuana Dispensary

Marijuana dispensaries are very prevalent all around Canada and particularly in Vancouver, British Columbia. They are generally for-profit businesses that sell marijuana and are distinct from both the federal government’s medical marijuana program, as well as compassion clubs, the latter of which are typically not for profit and are generally designed to meet health-based needs.

Registering A Marijuana Dispensary

Although marijuana dispensaries are technically illegal, they are tolerated in many cities, operating in the gray area of the law. In fact, there has been a sharp rise in marijuana dispensaries in Ontario due to the discussion around legalization and the fact that some provinces appear to be moving in favour of marijuana decriminalization and even legalization.

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A Business Owner’s Guide To Collecting And Remitting HST In Ontario

Most business owners in Ontario will have to charge, collect and remit certain taxes. Whether or not you have to undergo this process will ultimately depend on the type of business that you have, as well as its location and structure. The tax that business owners are responsible for charging, collecting and remitting in Ontario is HST, otherwise known as harmonized sales tax.

Collecting And Remitting HST In Ontario

HST combines PST and GST into one tax. Ontario collects HST at 13%. Some goods and services are are zero-rated, which means that while HST still applies, it is applied at 0%. This includes basic groceries, prescription drugs and livestock and fishery products. Other items are exempt from HST, including child care, health (including dental services), legal aid and music lessons. Keep in mind that if your business makes less than $30,000 in a 12-month period, you will not have to register for HST. If this does not apply to you, here is a guide to collecting and remitting HST in Ontario. How to Collect HST:

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Life Balance For Freelancers

Work-Life Balance: The Constant Challenge For Freelancers

The original goal for becoming a freelancer might be to spend less time at the office and more time at home with family. But freelancers often find themselves burdened with work at home, in the evenings and on weekends. Maintaining a work-life balance is a challenge for all freelancers, even the most experienced, but by following proven effective strategies, business and personal success can be achieved over time. In this post, we’ll provide a quick guide to maintaining a work-life balance as a freelancer.

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Business Meeting

5 Things To Consider Before Starting Your Own Business

We know that the vast majority of startups fail within their first year of operations. For those starting their own business in 2016, this means they must commit to researching the process carefully before they begin. By learning from the mistakes of others, future business owners can ensure their success in the coming years. To help in this process, we’ll offer our five things to consider before starting your own business.

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Identifying Right Business

How To Identify The Right Business For You

Before you invest in a business opportunity, you must first complete comprehensive market analysis. But you must also consider which type of business has the best potential for you and your own personal needs for the future. There are a large number of growth marketplaces across the business world, and selecting the right one for you could ensure future comfort as well as financial prosperity. In this article, we’ll outline how to identify the right business for you.

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