Startup and video game law, from a Canadian and U.S. perspective


US Beneficial Ownership Information Registry

On January 1, 2024, the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) launched the online BOI E-Filing System and began accepting Beneficial Owner Information Reports pursuant to a new compliance regime under the Corporate Transparency Act. 1. Who needs to file? Starting January 1, 2024, all non-exempt entities formed or registered to do...

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New Filing Requirements for Canadian Federal Corporations – Individuals with Significant Control (ISCs)

Starting January 22, 2024, all federal corporations created under the Canada Business Corporations Act (CBCA) are required to file information regarding individuals with significant control (ISCs) with Corporations Canada. 1.  Who is an ISC? According to the CBCA, an ISC is an individual (see: human person) that: owns, controls or directs 25% or more of...

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LLCs are Bad for Canadians (Mostly)

Canadians often ask us to incorporate LLCs.  In response, our answer is always (1) LLCs do not exist in Canada and are only available in the US; and (2) incorporating a LLC for a Canadian tax resident is usually a bad idea. In this blog post we’ll explain what a LLC is, why it’s a...

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US Provisional Patents

Weekly, we receive phone calls from prospective clients inquiring about provisional patent applications. While provisional patent applications have a number of benefits, especially for cost-conscious startups and entrepreneurs, we too often encounter misconceptions concerning the protections that a provisional patent application provides. In this blog post we will cover what a provision patent application is,...

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