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 […]
8 critical factors that can drive business success
Along with your idea, one of the most important pieces of information in your business plan is the knowledge you gather about the market you’re in, and how well you can demonstrate the financial viability of your idea. Listed below are the top eight critical factors driving entrepreneurial success, as identified from research by the […]
Registering an Extra Provincial Corporation in New Brunswick
If you want to do business in New Brunswick and are incorporated outside of the province, you will need to register your business as an extra-provincial corporation. You need to: Register no later than 30 days after you start doing business in New Brunswick Provide an Atlantic-based NUANS name search report done through a private […]
Organization of a New Brunswick Business Corporation
Once formed, a New Brunswick corporation must maintain a registered office in New Brunswick where all communications and notices may be sent. If the corporation is carrying on business in New Brunswick, it must also appoint an individual resident in New Brunswick as the Recognized Agent for the corporation so that documents may be personally […]
Stay solo or incorporate? Pick a business structure that fits
Before you open for business, you have to decide on a business structure. Consider these three choices and what you need to know about them, and consult with a professional tax or legal advisor who can help determine which one suits you best: Sole proprietorship This type of business can be up and running quickly […]
Incorporation of New Brunswick Business Corporation
A New Brunswick corporation created under the Business Corporations Act (New Brunswick) (the“NBBCA”) is a distinct legal entity with all of the powers of a natural person. Directors under the NBBCA are elected by the corporation’s shareholders and are responsible for the day to day management of the business and affairs of the corporation. The […]
Should You Incorporate?
A corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes. It is often […]
Benefits of Registering a new Ontario Corporation.
Why should I incorporate? One of the most frequently asked questions by entrepreneurs starting a new business is: “Should I incorporate?” The answer to this question is usually: “That depends on your particular situation and your particular needs.” Among the factors to consider in making these decisions are the benefits of incorporating (versus operating the […]
