Velocity Ventures

Special affinity exists between Canada and the United States of America. Our close proximity, shared values, mutual interests, tight personal relationships, and significant economic ties define Canada's and the United States's collaboration. Our two nations have a robust and long-standing defense and national security cooperation that enhances their security more successfully than if they operated separately. The millions of jobs Canada and the United States support depend on trade and investment between them as well as the simple flow of products and people across the border, which is essential for both countries' economic competitiveness and growth. While benefiting all three nations significantly economically, the Canada-United States-Mexico Agreement (CUSMA)Footnote 1 enhances Canada's commercial connections with the United States and Mexico. Cooperation across the line ongest international border in the world, Canada's land border with the United States stret...

Patents in Canada grant innovators a time-limited right to restrict others from developing, using, or selling their ideas. Canadian patents issued since 1989 are valid for 20 years from the date of application filing (subject to timely payment of charges) and cannot be renewed after that time. Certain pharmaceutical patents may be extended for up to two years, as indicated below.  Patents in Canada can safeguard novel, useful, and innovative art, processes, machinery, manufactures, formulations, or improvements.  Patents must be registered using the procedures described in the Patent Act.  Canada has signed the Paris Convention, which promotes member countries to protect their patents, trademarks, and industrial designs on an international scale. The Paris Convention allows a patent application filed in another member country to be granted priority treatment if filed in Canada within a year.  In Canada, the first person to file a patent application has priority over ...

The most crucial requirement—which may provide challenges for Canadian business owners—is to have a registered agent. A registered agent is a duly authorized individual or entity assigned to receive significant legal, regulatory, and official papers on behalf of a firm. A registered agent is required for the incorporation of either an LLC or a C-corp. They need to have an address in the state in which they were incorporated and be approachable at that address during business hours. If you need a registered agent, you may easily get one with Firstbase Agent in any US state. You will also receive automatic notifications if your business operates in a state where a compliance deadline is approaching. Structure of organizations A legal structure for your business, such as an LLC or C-corp, must also be chosen. It may be a painful and drawn-out process, especially for those who are unfamiliar with the American legal system. Which options are available to you? It basically comes down to two ...

The renegotiation of the North American Free Trade Agreement (NAFTA) has been a heated issue for months, highlighting serious trade differences among the three countries. However, additional investigation reveals that the concerns highlighted on this side of the border may mask a far more important economic issue the competitiveness of the Canadian economy.  NAFTA initially had a good effect on trade with our southern neighbor. In just under seven years since the Agreement went into effect, the value of Canadian exports to the United States has nearly doubled, with more than 85% of Canadian exports bound solely for the US market.  Canadian exports to the United States were boosted by both lower trade barriers and a highly beneficial exchange rate. It is worth remembering that in the early 2000s, one US dollar was equivalent to $1.57 in Canada. As a result, Canadian goods and services appeared more competitive to US buyers, with lower effective pricing. Thanks to this enormous ...