How to Incorporate a Company in British Columbia. Incorporating your company provincially in British Columbia is a six-step process. Step 1: Deciding how you want to name your British Columbia corporation Before you begin the process of incorporation, you need to name your corporation. Every British Columbia corporation must have a name; this is known […]
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How to Incorporate a Company in Alberta
How to Incorporate a Company in Alberta. Incorporating your company provincially in Alberta is a six-step process. Step 1: Deciding how you want to name your Alberta corporation Before you begin the process of incorporation, you need to name your corporation. Every Alberta corporation must have a name; this is known as a corporate name. […]
Advantages and disadvantages of operating as a sole trader in Alberta
A sole proprietorship business revolves around one person. No other parties have an interest in the business. The sole trader is personally liable for all debts. All income earned in the business becomes part of the sole trader’s assessable income. When it comes to choosing a business structure, income tax should be only one of […]
Inc. or Ltd.: Which sounds better?
Choosing the right structure can have serious consequences for their business. Most entrepreneurs are very creative and they get right in there and pursue a dream, and they do it without thinking about a structure. There are three common forms of business ownership in Canada – a sole proprietorship, which is owned by one person; […]
Starting a Business in New Brunswick, Which Legal Form Is Best for Your Business
When you start a business, you must decide on a legal structure for it. Usually, you’ll choose either a sole proprietorship, a partnership, or a corporation. There’s no right or wrong choice that fits everyone. Your job is to understand how each legal structure works and then pick the one that best meets your needs. […]
Starting a Business in Manitoba, Which Legal Form Is Best for Your Business
When you start a business, you must decide on a legal structure for it. Usually, you’ll choose either a sole proprietorship, a partnership, or a corporation. There’s no right or wrong choice that fits everyone. Your job is to understand how each legal structure works and then pick the one that best meets your needs. […]
Starting a Business in British Columbia, Which Legal Form Is Best for Your Business
When you start a business, you must decide on a legal structure for it. Usually, you’ll choose either a sole proprietorship, a partnership, or a corporation. There’s no right or wrong choice that fits everyone. Your job is to understand how each legal structure works and then pick the one that best meets your needs. […]
Starting a Business in Alberta, Which Legal Form Is Best for Your Business
When you start a business, you must decide on a legal structure for it. Usually, you’ll choose either a sole proprietorship, a partnership, or a corporation. There’s no right or wrong choice that fits everyone. Your job is to understand how each legal structure works and then pick the one that best meets your needs. […]
Tips from Successful Business Owners
You have a great business concept. You’re passionate about your business idea. Now, what does it take to ensure your great idea becomes a successful, thriving business? According to successful businesses, there are a number of key factors that can contribute to the success of a new business. Great Business Concept. Successful business owners agree […]
Is your business protected? 5 insurance needs to consider
Thinking about risks and liability isn’t about doom and gloom: it’s a healthy business practice to protect people, business, and assets. Consider these five common areas of potential insurance needs for small businesses: Thinking about risks and liability isn’t about doom and gloom: it’s a healthy business practice to protect people, business, and assets. Consider […]
