2025-09-02
MNP’s Atlantic Canadian guide to affordable fun
Lifestyle Debt
Have fun on a budget with our guide to affordable activities in Atlantic Canada.
Protecting Your Assets When Entering Into A Business
2011-12-21
When getting into business you want to ensure your personal assets are not put at risk in the event the business fails.
Incorporation is one method of safeguarding your personal assets against claims of creditors and lawsuits. This creates a corporate veil that protects an individual from corporate liability. However, this veil is potentially pierced when:
- You provide a personal guarantee or you allow debt that carries a director liability to accumulate or;
- You take funds out of a business such as dividends at a time when the company can't meet its payment obligations.
Before you start a business, seek professional advice so that you fully understand your rights and your creditor's rights.
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Lifestyle Debt
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Financial Literacy in the Youth Education System
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