Suppose you’ve been wanting to start a business; or maybe you’ve lost a job and you’re thinking that starting a new business might be easier than finding a new job (it’s not that unrealistic, by the way; it does happen sometimes). Is now a good time? Or is now such a horrible time that you […]
About companyformations
One Thing You Can Do to Get More Clients
You know what one of the biggest challenges is when it comes to client acquisition for “expert” service professionals? Organizing your services in a way that allows prospects to easily understand and buy your stuff! In other words, as a coach, consultant, speaker, accountant, chiropractor or other “expert” service professional, we usually know so much […]
5 Lessons From Successful People: Simple Changes Create Amazing Results
Why are successful people successful? What makes them achieve things most other people can only dream about? In most cases it is not luck or a very special talent they have. Sure, it may seem that way, but when you look at it more closely (and you ask them), things turn out quite differently. Let’s […]
4 Easy Steps to Incorporate a new company in British Columbia
Companies are incorporated in B.C. according to the provisions of the Business Corporations Act. When a company is incorporated, it acquires all of the powers of an individual, as well as an independent existence – separate and distinct from its shareholders – and an unlimited life expectancy. In other words, the act of incorporation gives […]
Important features of the British Columbia Business Corporation Act
Business Corporations are incorporated in British Columbia, according to the provisions of the British Columbia Business Corporation Act with the British Columbia Registries Office. To incorporate a company in B.C., one or more persons (called “the incorporators”) may form a company by completing the following steps: 1) reserve the company’s name with the Corporate Registry; […]
Incorporation under The New Brunswick Business Corporations Act
A name search is required in New Brunswick, other than for the incorporation of a numbered-name company. The Director of the NBBCA can refuse to register a corporate name, even if the name search does not indicate the existence of an identical match. The fee for filing articles of incorporates in New Brunswick is $262 […]
Incorporation under the Nova Scotia Business Companies Act
Unlike the other Canadian provinces, the Companies Act (Nova Scotia) is based on English law. As a result, there are some significant differences from the other provinces and Nova Scotia in corporate documentation and terminology, but far fewer differences in legal effect. A name search is required prior to incorporation as well as approval from […]
Who needs an attorney for service
A foreign corporation seeking to register in Canada or a domestic Canadian corporation seeking to register in another province as an extra-provincial corporation must designate a person resident in that province to accept service of legal documents. Service on the agent amounts to service of the document in question on the corporation. An Attorney for […]
What is an Attorney for Service
An Attorney for Service is an individual appointed by an extra-provincial corporation to represent itself in the province of registration. The Attorney for Service does not need to be a Lawyer. This is just an individual within Canada that has been appointed by the extra-provincial corporation. What if I do not have an Attorney for […]
Can You Set Up a Limited Liability Company (LLC) in Canada?
This is a common question as LLCs are popular types of incorporation in the U.S. and other countries such as the U.K. and Mexico, but Canada does not have an equivalent corporate structure. Can You Set Up a Limited Liability Company (LLC) in Canada? No, you cannot set up an LLC in Canada as this […]
