Incorporating a business can be a complex process. It requires you to consider different factors before finalizing how to incorporate.
A federally incorporated corporation has the right to carry on business and use its name in all provinces. By contrast, a corporation incorporated provincially can only carry on business in that particular province, where it was incorporated. After reviewing your business plan in detail, you should decide where to incorporate.
Finding a name for your business can be a time-consuming process while incorporating. There are complex legal requirements for choosing a name for a business. For instance, NUANS search report would be required to ensure that your chosen corporate name is not identical or similar to an existing registered business name. You may also be required to check if anyone has already registered a trademark for your desired name.
Some businesses choose to incorporate under a numbered company, as it eliminates the requirements for searching the name database.
A corporation is considered a separate legal entity. ¬†This means that your personal assets will remain protected if something goes wrong within the business. Moreover, Corporations are taxed differently than individuals. If you have questions about taxation and your business, speak to your accountant whether transferring your business into a corporation is beneficial to you.
We at MB Law can help you in efficiently incorporating your business to ensure that your needs and the needs of your company are met.
extra care and attention beyond the call of duty and very happy with their professional attitude. No problems,Only Solutions. Finally met someone who cares and is honestly genuine to the core
Maria and her knowledgeable and hardworking staff provided us with excellent service in our property closing. They are easy to reach, answered all questions we had timely and professionally. I would certainly recommend MBLAW to my friends and family. And I will work with them again if I need Real Estate lawyer's help.
It was such a great pleasure to work with MBLAW and Mariya in particular. I am a non-resident of Canada and Mariya took her time to explain the process of selling the property and tax implications after closing. She referred me to a great accountant who was able to get the certificate in record time. Mariya went above and beyond her call as my lawyer to help me. The buyer has some post-closing issues but Mariya was able to handle the situation with minimal cost to me. Very dedicated and professional. Would recommend 100%! Thank you, Mariya! You and your company are the best!
We have closed our real estate transaction with Mariya. Mariya is very professional and competent legal practitioner who is always ready to answer questions and help. Her final report was impeccable! I highly recommend her firm and real estate services to anyone!
I would highly recommend this firm to anyone seeking a real estate lawyer. Mariya is very knowledgeable, personable and is easy to reach. She goes above and beyond to answer all client questions and inquiries and ensures that clients' transactions go through smoothly and without a hitch. Her staff is also helpful, friendly and very responsive. Overall a great firm!
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