An important decision that needs to be made at the outset is the choice of legal structure for your business. There are numerous factors that will need to be considered to make the correct decision for your particular business. The most important consideration is that the corporate form will limit your liability for business debts […]
Tag Archives | Doing Business in Newfoundland
Retaining the Corporate Status of Your Newfoundland Corporation
In order to retain the limited liability that your Newfoundland corporation offers, you must follow certain corporate formalities involving decision making and the proper record keeping of your Newfoundland Corporation records. In short, you’ve got to be organized. Retaining Corporate Status Newfoundland Corporations and their owners must observe certain formalities to retain the corporation’s status […]
The Importance of Protecting Your Newfoundland Corporate Status
An Newfoundland corporation is a legal entity that is created and regulated by state laws. For legal, practical, and tax purposes, a corporation is legally separate from any of the people who own, control, manage, or operate it. If you want the advantages of having a corporation, you must follow legal requirements for running it. […]
Incorporating a new Company In Newfoundland Checklist
If you are thinking of incorporating a new business in British Columbia, the following checklist may help you. Please note that not all steps will be necessary for every corporation, and there may be some steps that are necessary for your corporation that are not included. Decide to Incorporate File Articles of Incorporation Adopt Corporate […]
About Business Name Registration in Newfoundland
A business name does not have a legal existence in its own right. It is simply a name used by one or more persons to represent their business to the public. That means the sole proprietor or partners are personally responsible for the debts and obligations of the business. Business Name registration is not required […]
