WebJun 11, 2024 · When you incorporate, it may be wise to hire a professional accountant to oversee the financial side of the registration process, as well as a lawyer to counsel you on any legal requirements. In that case, save at least $1,000 – $2,000 for these costs alone. WebWhen incorporated, an organization becomes a separate legal entity (a corporation) and the corporation (not the members) is generally liable for the organization's debts and obligations. Some other advantages to incorporating an organization include: the ability to borrow money the ability to own property in its name

Choosing Between Sole Proprietorship vs Incorporation

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Incorporation: Provincial or Federal Corporation?

WebA few Canadian Provinces (BC, Alberta and Nova Scotia) allow for the incorporation of ULC's, however, their main use is as a tax planning vehicle for US corporations with … WebA few Canadian Provinces (BC, Alberta and Nova Scotia) allow for the incorporation of ULC's, however, their main use is as a tax planning vehicle for US corporations with Canadian operations. ULC's are rarely used for businesses in Canada because they provide unlimited liability for their shareholders. Web1. Pick a name! Much like a company, the name you choose for your new society needs to be approved by the BC Registry. Typically, a name includes: A “distinctive element” – words that identify your society in a unique way; A “descriptive element” – words that describe the function of your society; and. A “corporate designation ... solid dark forest green shower curtain