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Founder Fundamentals – Legal Basics for Entrepreneurs

By YSpace


Date and Time:

Thursday, March 04, 2021

6:00 pm - 8:00 pm

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About Founder Fundamentals

Interested in building your entrepreneurial skills to launch your startup?

YSpace, York University’s innovation hub, is partnering with the Markham Small Business Centre (MSBC) to host an 11-week educational program called Founders Fundamentals.

Whether you are a professional services company, brick and mortar or technology startup, the program aims to equip you with the essential skills and knowledge needed to succeed. Spanning across topics such as social media marketing, to how to write a business plan, to legal basics and more, this program provides a wide range of learning. In addition, the program connects you with local resources for potential next steps as you progress in your entrepreneurial ventures.

Individuals who attend at least 9 out of the 11 workshops will receive an Innovation York Certificate of Completion, illustratiting their dedication to learning about the essentials of launching a successful business.

About the Workshop

We know entrepreneurs think and dream big; and that is what makes them so unique. But, as you are dreaming up the next best idea, product or service, it is important to take a step back and to ensure that you build and secure the legal foundation of your business. Your lawyer will help you do this, but it is important to know the right questions to ask and to understand some key legal principles to spot potential issues and to resolve them early.

The goal of this workshop is twofold: (1) to ask and to answer some of the key questions every entrepreneur should ask his or her lawyer at the early stage of starting a business, and (2) to explain in plain English and to help you understand the key legal principles with which you should be familiar.

This workshop aims to cover the following questions and principles:

  • How should I structure my business? What are the pros and cons of each structure?
  • Are the people that work for me employees or contractors? Why does it matter?
  • What is a shareholders agreement? How will it benefit me now and/or in the future?
  • How do I protect my next best idea, product or service? How would intellectual property laws protect me?
  • In this digital world, how do I stay onside various Canadian laws, like Canada’s Anti-Spam Legislation (aka CASL) and the Personal Information Protection and Electronic Documents Act (aka PIPEDA)?