Expansion Methods There are numerous methods available to foreign businesses looking to expand into Canada. Before committing to any one method, it is important to discuss the ramifications with both legal and tax counsel. As opportunities and obligations evolve, the foreign entity can be adapted from one form to another to meet changing business needs. […]
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Understanding the Different Forms of Business in Ontario
Ontario Sole Proprietorship A sole proprietorship refers to an individual who operates a business and is generally the simplest way to set up business. The sole proprietor is subject to unlimited liability – this means that the sole proprietor is fully responsible for all debts and obligations related to his or her business. A creditor […]
Setting Up Your Minute Book
The very first documents that are included in the minute book are called the “organizational documents of the company”. The documents that will be prepared and inserted in the minute book will be: General Operating By-law A by-law is a list of rules. Some of the things that you will find in a by-law are: […]
Maintaining a Minute Book for a Company
After the initial “organization of the company” there may be circumstances where there may have to be changed to the structure. Some of the circumstances where changes may occur are: A new by-law may need to be enacted such as a by-law to vary the borrowing rights of the company New investors may be needed […]
4 Questions to ask Before Starting a Business
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 […]
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 […]
