About companyformations

Author Archive | companyformations

The Definitive Guide to Incorporate in Saskatchewan

This guide provides a short summary of the steps required to incorporate a new business in Saskatchewan under the Saskatchewan Business Corporation Act, as well as items to consider to determine whether it is the right time for your business to incorporate. If you have questions about incorporation, feel free to write us: [email protected] Business […]

Read full story Comments { 0 }

The Definitive Guide to Incorporate in Nova Scotia

This guide provides a short summary of the steps required to incorporate a new business in Nova Scotia under the Nova Scotia Business Corporation Act, as well as items to consider to determine whether it is the right time for your business to incorporate. If you have questions about incorporation, feel free to write us: […]

Read full story Comments { 0 }

The Definitive Guide to Incorporate in Manitoba

This guide provides a short summary of the steps required to incorporate a new company in Manitoba under the Manitoba Business Corporation Act, as well as items to consider to determine whether it is the right time for your business to incorporate. If you have questions about incorporation, feel free to write us: [email protected] Business […]

Read full story Comments { 0 }

The Definitive Guide to Incorporate in British Columbia

This guide provides a short summary of the steps required to incorporate a business under the British Columbia Business Corporation Act, as well as items to consider to determine whether it is the right time for your business to incorporate. If you have questions about incorporation, feel free to write us: [email protected] Business Corporations are […]

Read full story Comments { 0 }

The Definitive Guide to Incorporate in Alberta

This guide provides a short summary of the steps required to incorporate a business under the Alberta Business Corporation Act, as well as items to consider to determine whether it is the right time for your business to incorporate. If you have questions about incorporation, feel free to write us: [email protected] Business Corporations are incorporated […]

Read full story Comments { 0 }

What is a Limited Partnership?

A limited partnership is a partnership governed by statute and any governing documents agreed to between the parties (e.g. limited partnership agreement). A limited partnership must consist of at least one person who is a GENERAL partner and one person who is a LIMITED partner. And there can be more than one of each. A […]

Read full story Comments { 0 }

Is incorporation right for you?

Whether you should operate your business as a corporation, partnership, sole proprietorship or cooperative depends on your particular situation and your particular needs. Among the factors to consider are the benefits of incorporating and the implications that incorporation can have for your business. If you decide to incorporate, you will then have to choose between […]

Read full story Comments { 0 }

Other corporate obligations for new Canadian corporations

Appointing auditors At annual shareholders’ meetings, shareholders must, by ordinary resolution, appoint an auditor to audit the corporation’s financial statements. However, the shareholders of a non-distributing corporation can decide by a unanimous resolution (which includes voting and non-voting shares) not to appoint an auditor. Appointing an auditor increases the reliability of the financial statements and […]

Read full story Comments { 0 }

Maintaining corporate records

Your  canadian corporation must keep certain corporate records at its registered office (or at some other location in Canada, as set out by the directors). On request, a corporation’s shareholders and creditors can access the following records: articles of amendment, including amended articles of incorporation or restated articles of incorporation by-laws and their amendments any […]

Read full story Comments { 0 }

Why Do You Need a Company Minute Book?

Whether you have organized your corporation in Ontario, British Columbia or any other province, your existence as a corporate entity begins with the filing of your organizational “Articles of Incorporation”. After this initial document is filed, the company can only act through its Board of Directors, usually initially appointed by the Sole Incorporator. Election of […]

Read full story Comments { 0 }