The biggest benefit to incorporating is income tax savings
Rated: 5 / 5 based on 1 customer reviews
2 01.00 How to incorporate or register your business on CanLaw
Product description: Advantages of incorporating include Personal asset protection, Deductible expenses, Credibility and Name protection, Perpetual existence, Tax flexibility

How To

Incorporate or Register Your Business

Canada Trusts CanLaw Online since 1996

How to incorporate or register your company anywhere in Canada

YOU KNOW YOU MUST EITHER

INCORPORATE or REGISTER

YOUR BUSINESS IN CANADA

How To Incorporate Your Business

The Basic Steps

  1. Select Corporate Jurisdiction: Generally this will be your home province.
  2. Create a name for your company.
  3. See if your company name is available using NUANS. NUANS keeps a database of all registered company names. You order a search to see if your proposed name is taken. If not, you may register the name for your company.
  4. Prepare the Articles of Incorporation
  5. Submit & Register Articles of Incorporation
  6. Obtain permits & licenses e.g. Sales taxes and vendors permits: Note that if your sales will be under $30,000  you do not need to register for, collect or pay GST or HST on your sales.
  7. Optional: Purchase Corporate Seal & Minute Book: For a small business these items look pretty on your bookshelf, but really do nothing.
  8. Set Up Bank Account
  9. You are done. Start Your Business!

905-206-9411

MARYOS ACCOUNTING

SERVICES INC

Member of The Association of

Professional Accounting

 & Tax Consultants

2600 Skymark Ave Suite 9-104 Mississauga ON

Click Here for Our Web Site

Ask A Lawyer

There Are Basically Two Types

Of Business Setup In Canada

1. Registration

2.Incorporation

 

You Must Either "Register" or "Incorporate" Your Business. It is the law.

You must choose either to register or incorporate your business:

  • For tax reasons,
  • To open any kind of business bank account
  • Get business credit and
  • Get the required various government licences, including sales tax numbers.

Register or Incorporate? Which is better?

You must choose that which seems best for you.

You can always change later (for a price) if you want to go to the trouble.

Click Here

Order A NUANS Report Yourself

The NUANS report is a list of existing corporate and business names, as well as trademarks, that are similar to the one you want to use. The government issued report is fast, accurate and cheap.

How To Register Your Business

The Basic Steps

Registration of a Sole Proprietorship or Partnership

  1. Select Your Business Structure.
  2. Create a Business Name.
  3. Determine Availability of Your Business Name Through the NUANS Service.
  4. Register Your Business Name.
  5. Register for Permits, Licences and Taxes.
  6. Complete a Partnership Agreement (optional)
  7. Open a Bank Account.
  8. Start Your Business.

Advantages of incorporating include Personal asset protection, Deductible expenses, Credibility and Name protection, Perpetual existence, Tax flexibility

Click here to review CRA Small Supplier Sales Limits for official rules and information you need to register for a GST/HST account

You must register your business

 for a GST/HST account.

It is the law

CanLaw shows you how to incorporate or register your business and save money

Canada Trusts CanLaw Online since 1996

WHAT IS CANLAW? CanLaw is Canada's first, largest, free Nationwide Lawyer Referral Service for anyone, or any business, anywhere in the world, needing to find a lawyer, law firm, or legal or related services and assistance for any reason whatsoever, anywhere in Canada.

CanLaw ask a lawyer

This is not legal advice it is  information .