Thinking about incorporating your business before you take the world by storm? Why wait? Whether you are starting a business or already have a business, we can help you with your Calgary business incorporation—quickly and affordably.
Here are some of the considerations we help you evaluate:
Provincial Incorporation or Federal Incorporation?
Depending on the nature of your business, incorporation can be done either provincially or federally. Federal company incorporations are usually preferred when the company is carrying on business in several provinces. With a federal incorporation, you must still register your business in all provinces in which it operates. For most local or regional businesses, incorporation is simpler if done provincially.
Choosing a Company Name For Your Corporation
You can choose to have a numbered company or an actual name. With an actual name, you will have to have a search done to make sure the name doesn't conflict with other similar names. This step is not necessary if you are simply incorporating a numbered company, since numbers are assigned and there is no duplication. If you choose a numbered company, you can always change it to a named company in the future.
Incorporating Professional Corporations
If you are a professional, you will want to incorporate a professional corporation. This type of corporation will contain a person's name. Professional corporations are formed for the following professions:
- Chartered professional accounting
- Certified management accountant
- Certified general accounting
If you choose an actual name for your company, we will help you obtain your Nuans report, which lists all businesses with similar names. We will advise you whether the name you have chosen may lead to potential objections from other companies.
The simplest way to avoid these problems is to choose a very unique name.
Legal Corporation Structure
Once you have chosen your name, we will consult with you to determine:
- The types and amounts of shares each of the shareholders will have
- The rules for transferring shares among shareholders
- The directors of the corporations
- The type of business the company can conduct and any restrictions on the type of business
- Other rules and regulations specific to your situation
Filing Your Incorporation Documents
What are some of the questions to ask yourself and your lawyer when incorporating a business?
- How much will incorporation cost?
- What will incorporation mean to my business?
- What will incorporation mean to myself and my family?
- How do I pay myself if I incorporate my business?
- Will I own everything that my corporation owns?
After meeting with you to evaluate all the above issues, we will file the company incorporation documents on your behalf and you'll likely have your certificate of incorporation within a couple weeks. We'll then set up your minute book and registered office.
Why Use an Incorporation Lawyer?
There are many incorporation services to choose from and you can even do your own incorporation. But, without expert guidance from an experienced lawyer, you might make some choices that aren't in your best interests, and that may cause you legal and financial problems down the road.