Thinking of starting a business with a partner? A written partnership agreement is one of the smartest investments you can make. It clarifies expectations, defines roles, and protects everyone involved—helping you avoid misunderstandings down the road.

This guide walks you through the key elements to include in a partnership agreement, with explanations of why each one matters. It also includes an overview of partnership types in Canada to help you choose the right structure before you commit.

What You’ll Learn

• The differences between General, Limited, and Limited Liability Partnerships in Canada
• What to include in a partnership agreement, from roles and responsibilities to dispute resolution
• How to plan for changes, exits, and business growth with clear documentation
• Why legal and financial advice is essential before signing

Who It’s For

This resource is ideal for women entrepreneurs, small business owners, and startup founders who are exploring or formalizing a business partnership in Canada.

The post Partnerships & What to Include in a Partnership Agreement appeared first on WeBC.

It’s true that each business is unique; however, there are some common elements of business planning that many entrepreneurs tend to neglect. Understanding these basics is your ticket to creating a business that runs smoothly, year after year.

Watch this informative hour with our friends at Purpose CPA to decide what should go at the top of your to-do list and gain a better understanding of how important it is to start your business the right way. In this session, you will:

• Understand the value of having a business plan
• Discover what to consider when choosing a business structure
• Gain a better understanding of monitoring cash flow
• Learn how to make informed decisions regarding taxes

Sponsored by CPA BC and CPA Canada. Delivered in partnership with Purpose CPA.

Facilitator: Cathy Burrell, Entrepreneur in Residence, WeBC

Panelists:

• Chad Chang, Co-Founder, Prpose CPA
• Matthew Wong, Co-Founder, Purpose CPA

About the Panelists

Chad Chang

Chad Chang is a CPA practitioner helping owners and leaders build good lasting businesses.

Over 20 years of experience spanning a business’ core functions.
From sales and marketing to customer service.
To business analysis and large technology project management and transformation.
To human resources, health & safety, financial analysis, accounting and tax.
To leadership, strategy development, and optimizing performance.
And now, helping to build Canadian businesses.

Past 8 years focusing on the construction, real estate, and property management industry.

Chair of CPA BC Construction Forum

Matt Wong

Matt Wong is the Co-Founder of Purpose CPA. He has over 14 years of experience leading finance, people, and IT teams from manufacturing to retail & ecommerce. As both a pragmatist and technologist, Matt defaults to technology to improve efficiency but is practical to design simple solutions when necessary. Along with his Business Partner Chad Chang, Matt co-founded Purpose CPA as an impact organization to help clients look at people, planet, and profit. Matt is a CPA, CGA and certified Quickbooks Online and Xero advisor.

Outside of Advisory, Matt loves running and spending time with his family in beautiful Richmond, BC. He is a member of the Richmond Chamber of Commerce and a former Chair of the CPABC Vancouver Chapter.

The post Top 5 Mistakes Made by New Businesses And How to Avoid Them appeared first on WeBC.