Incorporating is simple with the help of DDWest Incorporation Services.
Whether you are creating a named or numbered Corporation, we make it easy to get your business running quickly.
Please fill out the information below in our Incorporation Checklist and submit back to us.
If you are unsure of any answers, please add into the Additional Information box.
STRUCTURE DESCRIPTION
This type of structure grants you exclusive use of the business name. To further protect your business name, you would have to register a trademark/trade name.
Advantages:
Limited liability of the owner(s)(generally limited to individual’s personal investment in the business) Continuous existence (no renewal, ownership transferable) Easier to raise capital (money for the business can be raised by selling shares) Possible tax advantages
Disadvantages:
The most expensive and complicated form of business to organize Closely regulated, extensive corporate records required, including shareholder and director meetings, and documentation filed annually Tax rules can be complex
REGISTERING A CORPORATION & NAME SEARCH
You can incorporate a business federally or provincially. Nuans report must be filed with your Articles for both Provincial and Federal incorporations if you are seeking approval of a corporate name. You may wish to retain the services of an accountant or lawyer to incorporate your business.
Nuans reports list similar corporate names and trademarks, except for names in Quebec. A Nuans report is valid for 90 days. If the 90-day period has ended, you must order a new Nuans report to submit. Getting a report does not mean that your proposed name has been approved. It simply means that the name has been reserved for you for 90 days while it is being reviewed for approval. The approval process varies by jurisdiction.
DEVELOP A PARTNERSHIP AGREEMENT
Anyone entering into a business partnership with one or more partners, including friends, family members, or spouses should have an agreement in writing.
A partnership agreement is a document used to dictate the terms of a business partnership between two or more partners. It will make the day-to-day operations of your partnership smoother and prevent problems in the future.
