IEEE Seminar
LAW and INSURANCE AS IT PERTAINS TO STARTING AND RUNNING A CONSULTING BUSINESS
Sidney W. Kemp, B.Comm, MSc, LLB
Whether you are just started a consulting company, creating a company or thinking about offering consulting services, you need a plan for managing the associated legal risks and exposure. We will focus on legal matters and insurance and use the creation of a consulting company as a case study. The talk will focus on legal matters such as incorporating a company, contract law, tort law and insurance. In doing so we will go through all the steps required to create a consulting company.
Upon the conclusion of this IEEE seminar, attendees will have an essential understanding of:
Choice of corporate structure; Company, Partnership and Sole Proprietorship, the advantages and disadvantages of each.
How to incorporate a company in BC. What you need to file where and how and the cost. The creation and maintaining of a minute book. Annual filings how and where and what.
Internet matters, reserving URL, setting up hosting services, e-mails, drop box, creating a website.
Administrative matters; HST, PST, GST registration, Worksafe BC registration, City Business Licenses, Revenue Canada filings.
5. Contract Law – the elements of a contract, breach of contract, how to interpret a contract, how to negotiate a contact. How a contract may be terminated. The types and forms of contracts needed to start and run a consulting company.
6. Corporate Law – the difference between a corporation and a partnership, the concept of corporate veil and limited liability, piercing the corporate veil and personal guarantees.
7. Tort Law – negligence and defamation as it relates to running a consulting company and how to protect yourself and your company. The role of Insurance in protecting you and your company.
Insurance Law – how the industry is structured and operates, the role of a Broker, selecting a Broker.
Insurance Law – types of Insurance and the need. We will look at: Errors and Omissions Insurance (E & O); Commercial General Liability (CGL); Directors and Officers Insurance (D & O) and Business Interruption Insurance.
Insurance Law – How to obtain Insurance, the pitfalls, the application form and the concept of full disclosure and material change.
Insurance Law – Certificates of Insurance (Certs), the role of Certs and how they are obtained, the importance of a Broker in this process.
Insurance Law – the Duty to Defend and the requirement of Indemnification. Legal cost how much, trends and who pays.
Insurance Law – what is a claim, and when do you report it. The consequences of failing to report a claim to your Broker.
About the presenter:
Sidney W. Kemp, B.Comm, MSc, LLB has had a lifelong interest in radio sciences obtaining his amateur radio license at age 13 and serving as president of the UBC Amateur Radio club while attending law school. Upon graduating from UBC served as an Associate at Goldman and Co., Managing Partner at Walker and Co., CFO and Corporate Secretary at IXOU.com, Director of Business Development & Corporate Counsel at OmniRIM Solutions. He went on to become licensed Insurance Broker in the Province of British Columbia and was National Aviation Claims Manager at AON Reed Stenhouse. Most recently Mr. Kemp was Vice President of Legal at Antenna Management Corp. and is now President of Rhombic Consulting Group Inc.
- Start:
- Tue, October 11, 2011 1:00 AM
- End:
- Tue, October 11, 2011 1:00 AM
- Location:
- BCIT Burnaby Campus SW5-1840, 4600 Willingdon Ave, Burnaby, BC V5G 3H6, Canada
- More info:
- http://chapters.comsoc.org/vancouver/11oct2011.html
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