The Decision to Accept Cryptocurrencies
Photo by Toffanellog from Pexels https://www.pexels.com/photo/four-assorted-cryptocurrency-coins-843700/ Shortly after I started Wires Law I was introduced to Ryan Lazanis, a CPA from Montreal. All the way back in November 2013 Ryan announced his accounting firm, Xen...
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Can you use a Competitor’s Trademark in Your Website’s Metatags?
DISCLAIMER: The information in this article is not (and is not intended to be) legal advice. This is legal information only. Reviewing information about the law may help you understand whether you need legal assistance. Whether and how this information applies to your...
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Paying Instagram “Influencers” to Endorse Products Online
Social Media Endorsement Deals: More and more e-commerce retailers are turning to social media influencers on Instragram for product endorsements.
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The Electronic Corporate Minute Book – Time to Convert?
DISCLAIMER: The information in this article is not (and is not intended to be) legal advice. This is legal information only. Reviewing information about the law may help you understand whether you need legal assistance. Whether and how this information applies to your...
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12 Areas of Potential Liability for e-Commerce Businesses – Website Terms and Conditions
DISCLAIMER: The information in this article is not (and is not intended to be) legal advice. This is legal information only. Reviewing information about the law may help you understand whether you need legal assistance. Whether and how this information applies to your...
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Don’t Forget About Old Fashioned, Government Backed, Startup Financing
Small business financing options are changing quickly these days - crowdfunding and peer-to-peer lending portals are on the rise. The exceptional growth of crowdfunding portals is undoubtably linked to the fact that financing a new business, particularly after 2008,...
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Startup Community The Film | A Documentary About Startups in Kitchener-Waterloo
Taylor Jackson of Taylor Jackson Media Inc. just released an awesome video about the startup culture in Waterloo. The documentary was financed in large part on the crowdfunding portal Indiegogo (click to see the campaign) where Jackson raised over $17,000. In the...
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The Digital Minute Book – Its Time to Convert
At Wires Law we operate a paperless legal practice, which includes the management of corporate minute books. A corporate minute book is a record of the rules and decisions the company’s board of directors and shareholders make. It also contains, among other things,...
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Founder Stories (Gongshow Hockey): Tips on Picking a Domain Name and Avoiding Domain Name Disputes
DISCLAIMER: The information in this article is not (and is not intended to be) legal advice. This is legal information only. Reviewing information about the law may help you understand whether you need legal assistance. Whether and how this information applies to your...
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Does your Company Actually Own its Domain Name?
DISCLAIMER: The information in this article is not (and is not intended to be) legal advice. This is legal information only. Reviewing information about the law may help you understand whether you need legal assistance. Whether and how this information applies to your...
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Founder, Director and Officer Compensation in Crowdfunding Companies
How Much Should Equity Crowdfunding Directors Be Paid? In their proposed "Crowdfunding Offering Document" from March 20, 2014 the Ontario Securities Commission requires crowdfunding companies to disclose how much money the directors and officers of the corporation...
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Equity Crowdfunding Exemption Scheduled for Q1 2015
I had the pleasure of speaking on a panel this morning with Gerrard Buckley of Maple Leaf Angles, Jos Schmidt of Aequitas Innovations Inc. and Jim Turner the Vice Chair of the Ontario Securities Commission. The event, Igniting Entrepreneurship and Capital Flow in...
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A Canadian Online Marketplace To Sell Your Small Business (Founder Stories)
Its not easy to sell your business. Like any other Entrepreneurship student, Nunzio Presta, Graduate of The Ted Rogers School of Management at Ryerson University, aspired to leave school with a fresh business idea that would jump start a successful career. His first...
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Ontario Interactive Digital Media Tax Credits
Howard Lerner is an Chartered Professional Accountant with Richter LLP who has offices adjacent to Wires Law. Howard services a diverse range of clients, with particular expertise in high-tech businesses, construction companies, and some of Ontario’s top professional...
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Event: Igniting Entrepreneurship and Capital Flow in Ontario
Event Hosts: The National Crowdfunding Association of Canada in partnership with the City of Toronto. Event Date: Date: April 16, 2014 Time: 9:00am – 10:30am Location: Ontario Investment and Trade Centre (Seminar Room) 35th Floor, 250 Yonge St., Toronto, ON, M5B 2L7...
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The Looming Sale of Baby Boomer Businesses
Distinct Capital Partners ("DCP") is an Oakville, Ontario based investment banking firm that provides corporate finance, M&A and advisory services to small and mid-market Canadian private companies. Their clients are primarily owner operated businesses, meaning they...
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Selling a Business in Ontario
Selling a Business in Ontario There are two ways to sell a business in Ontario: (1) Selling the underlying assets of the business; or (2) Selling the shares of the corporation that owns the assets and operates the business. Usually, it is preferable for the seller to...
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Should I have a Holding Company?
DISCLAIMER: The information in this article is not (and is not intended to be) legal advice. This is legal information only. Reviewing information about the law may help you understand whether you need legal assistance. Whether and how this information applies to your...
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New Domain Names
Are new top level domains becoming available this year the biggest change in internet history? You can now pre-register your new domain name including .inc
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Deducting Legal Fees for Tax Purposes
Deducting Legal, Accounting and Other Professional Fees Many startups do not realize that their legal and accounting fees can be deducted as a business expense for tax purpose. Here is the CRA's full archived guide to deducing legal and accounting fees. The CRA's...
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Toronto’s Bubl Technology Inc. Set to Raise Big Money on Kickstarter
Toronto's Bubl Technology Inc. passed its stretch goal on Kickstarter recently. They have raised $267,855 as of today, with 24 days to go in their campaign. The Bublcam is a 360º camera and software technology that shares everything around you through spherical photos...
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Diana Yazidjian Explains Equity Crowdfunding
Venture Cap TV, a Quebec web-based show dedicated to start-ups, angel investing and venture capital recently interviewed consultant Diana Yazidjian (@diana_fyaz) on equity crowdfunding. Diana makes the great point that venture capitalists are using equity crowdfunding...
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Startup Weekend (Toronto) Maker Edition at OCAD U
Startup Weekend Maker Edition is your chance to get up close and personal with laser cutters, 3D printers and electronics, build rapid prototypes and launch your startup… all in just 54 hours! Maker events are focused on building physical products during the...
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Creator of Ruby on Rails Talks about Working Remotely
David Heinemeier Hansson (@dhh), the creator of Ruby on Rails, gave a great talk to participants at Bitmaker Labs (@bitmakerlabs) recently. In the talk, David speaks about his New York Times bestselling book "Remote", which is based on his experience working remotely...
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Crowdfunding: Are We Really that Mad?
This article was originally published in an abbreviated form on the Financial Post website. By John Wires and Craig Asano Utter the word “crowdfunding” to anyone trying to raise capital for a worthwhile start-up and you’ll see a sour face turn hopeful. While it’s hard...
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SEC Opens Crowdfunding Invitation to Canadian Securities Regulators
The US Securities and Exchange Commission made its big announcement on Wednesday setting out a comprehensive proposal for how equity Crowdfunding rules would actually work. As a Canadian lawyer who has been writing about the importance of finding a way to harmonize...
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Time for an Accountant? Head to the Cloud
DISCLAIMER: The information in this article is not (and is not intended to be) legal advice. This is legal information only. Reviewing information about the law may help you understand whether you need legal assistance. Whether and how this information applies to your...
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Tips and Tricks on How to Pick a Business Name
DISCLAIMER: The information in this article is not (and is not intended to be) legal advice. This is legal information only. Reviewing information about the law may help you understand whether you need legal assistance. Whether and how this information applies to your...
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Should I Trade-mark It?
DISCLAIMER: The information in this article is not (and is not intended to be) legal advice. This is legal information only. Reviewing information about the law may help you understand whether you need legal assistance. Whether and how this information applies to your...
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How To Incorporate: Share Classes
Why Have Different Share Classes? How to Incorporate Series: Not all shares are created equal. Start-ups can issue different types (or classes) of shares with different rights attached to them. Having different classes of shares can be used for a number of different...
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