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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Founder Leaving the Company

While founders embark on the journey of launching a company with an abundance of optimism it may be the case that their relationship does not last as long as the company, leading to the question of how to handle a founder leaving the company? This situation goes one of two ways: (1) the company and...

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The Two Questions I ask new Startups and Studios

Each week I meet with prospective clients that are excited to be launching a new startup or video game studio.  Regardless of the differences between these clients, I inevitably end up asking two important questions at the start of every meeting: 1.  Have you incorporated? Many clients incorporate without legal counsel, which I have no problem...

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