INCORPORATION:

UNDER CONSTRUCTION

Most businesses are operated as a Proprietorship, Partnership or a Corporation.

The legal form of your business is mainly driven by tax considerations.  The decision to incorporate is usually taken when your Accountant suggests there will be tax advantages to incorporate.

A secondary advantage to incorporation is to protect your personal assets from exposure to creditors, provided you do not have to give a Personal Guarantee.

Steps to Incorporation:

1.     The decision has been made to Incorporate your Business.

2.     Determine the Name you will use for your Company.  There are restrictions on what names you can use.

3.     Conduct a Name Search to see if the Name you want is available.

4.     Once the Name issue has been settled, we determine such items as who is the President, Secretary and Directors of the Company and the number and type of shares to be issued.  The number and type of shares to issue is sometimes done in consultation with your Accountant.

5.     The Incorporation Documents are then prepared and forwarded to the Registrar of Companies for filing.

6.     Once the Incorporation Documents are filed, they are returned and the balance of the Incorporation Documents are prepared included Shareholder's Minutes, Directors Resolutions and the Minute Book.

7.      We then set up an appointment with you, sign the necessary incorporation documents and that's it, you now have a limited Company.