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Author: Bal Bhullar

Raising Money for Serial Entrepreneurs

SHOW ME THE MONEY!!!! Many people will remember this catch phrase line from Tom Cruise’s blockbuster movie, “Jerry Maguire.” Raising money for your business is critical for all entrepreneurs. In this column, the Shark will discuss the different methods to raise capital for your business. Equity Financing An equity raise simply means that a business owner sells shares (voting shares in most cases) in his or her Company to third party purchasers in exchange for cash. The first step in the process is to obtain a fair market valuation of the Company’s business and assets. Secondly, how much capital is required for the...

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ASK THE LEGAL SHARK: WHAT ARE THE BENEFITS OF INCORPORATING YOUR BUSINESS?

READER QUESTION: What Are The Benefits Of Incorporating My Business? Legal Shark’s Response | This is a common question posed to the Shark.  Many small business owners operate their businesses as sole proprietorships in which they and their businesses are one in the same.  This may work for a few folks but the better approach is to incorporate your business.  The top four benefits of incorporating your business are limited legal liability, advantageous tax treatment, building a corporate brand, and perpetual existence. By limited legal liability, the Shark is referring to personal asset protection.  Corporations allow owners (shareholders) to...

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Ask the Legal Shark: Can My Employer Post My Photo on Their Website Without Consent?

Can companies publish employee photos on the company website without an employee’s prior consent? Legal Shark’s Response | In today’s social media world, scores of employees may already have their pictures posted on the Internet on Facebook, Instagram or LinkedIn. Many employees would not object to having their pictures posted on a company website but employers cannot make this assumption. Some folks may be “camera shy” or have more serious concerns regarding their privacy and the ability of others to locate them online. Privacy legislation requires an employer to seek consent prior to posting photos of employees online. More...

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WHICH EMPLOYMENT CONTRACT IS BEST FOR YOUR BUSINESS?

Image Source “Show Me the Money!”  “Show Me the Money!!”   This became a very popular sound bite from the 1996 movie, Jerry Maguire. Chances are it will not likely be your opening statement during employment contract negotiations. What types of employment contracts are there and which one is best for you and your business? Oral or Verbal Contracts People often forget that an employment contract can exist even in the absence of a written document. A verbal or oral agreement contains the terms and conditions relating to an employment relationship between the parties based on their conduct and history....

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Recent Posts

The state of global society and the need to focus on the greater good!

Published 8/11/2018 in Surrey604 Magazine

It’s hard to imagine, comfortable as we are, that people are starving to death in many parts of the world. It’s even harder to imagine when you think about how many North Americans and Europeans die of diabetes, cholesterol, and obesity each year. Western countries are consuming too much food at the expense of the rest of the planet. Just to satisfy our… read more ❯
Surrey’s Hidden Gems: Singer/Songwriter Nylez K

Published 8/10/2018 in Sr3y

“God is so good, sometimes he’s gotta break us in order to break the creativity out of us”, a quote by Eric Thomas, and the words that singer/songwriter Nylez K, from Surrey, British Columbia, lives by. Every month, I will be highlighting some amazing, talented artists rising out of the Surrey area. Moving here last year, I noticed a bit of a disconnect… read more ❯
LOCAL BC ARTISTS SET TO PERFORM AT ANNUAL BUMBERSHOOT FESTIVAL

Published 8/8/2018 in Surrey604 Magazine

VANCOUVER, August 7, 2018 | Music BC is thrilled to continue their partnership with Bumbershoot, an annual international music and arts festival, taking place between August 31 – September 2, 2018 in… read more ❯
Surrey Resident Competing in Axe Throwing US Open!

Published 8/8/2018 in Surrey604 Magazine

Local Surrey resident, Tiffany Fatima (23 years old) will be competing in the first ever World Axe Throwing US Open tournament. Professional axe throwing coach and event host with Bad Axe Throwing Surrey, Tiffany has had a lot of time to perfect her axe throwing skills.
Tiffany will be competing against about 50 other axe throwers at The World Axe… read more ❯
An Update on Surrey’s Coastal Flood Adaptation Strategy

Published 8/8/2018 in Surrey604 Magazine

Surrey, BC | In response to additional feedback from directly impacted stakeholders from Crescent Beach the Managed Retreat option is being removed from the Crescent Beach study area. No further analysis will be conducted on this option and it will not be recommended by staff in the draft Coastal Flood Adaptation Strategy (CFAS) to be brought… read more ❯