Why Incorporate?
Protect Your Personal Assets
Incorporating your business is one of
the best ways you can protect your personal assets.
A
corporation can own property, carry on business,
incur liabilities, and sue or be
sued.
As a separate legal entity, a
corporation is responsible for its own debts. That
means
creditors of a corporation generally can seek
payment only from the assets of the
corporation — and not from the personal assets of
shareholders, directors and officers. In
effect, that means business owners can conduct
business without risking their homes, cars,
savings, or other personal property. Owners of a
sole proprietorship or partnership, on the
other hand, face unlimited liability for both
business and personal assets.
Have Easier Access to Capital
Raising capital is generally easier
for a corporation, since a corporation can issue
shares of
stock. This may make it easier for your business to
grow and develop. If you’re in the market
for a bank loan, that’s another reason to
incorporate. In most cases, banks would rather lend
money to corporations than to unincorporated
business ventures. Corporations generally have
access to more alternative sources of capital
through which they can pay off their
debts.
Credibility for third parties
The benefits of incorporating go
beyond finances. Suppliers, customers and business
associates
often perceive corporations as being more stable
than unincorporated businesses. In a sense,
having “Inc.” or “Corp.” after your business name
conveys permanence, credibility, and
stability, and communicates your commitment to the
ongoing success of your business
venture.
Perpetual Existence
Corporations are the most enduring
legal business structure. A corporation can continue
indefinitely, regardless of what happens to its
individual directors, officers, managers, or
shareholders. This means that by incorporating your
business, you may be able to avoid the
legal entanglements that could result with other
business structures.
Flat Fee Pricing and Turnkey Service
We do all the work so you can focus on growing your business.
We offer various services to our corporate clientele in order to ensure they are in compliance with all of their legal obligations.
Provincial(Quebec)
$999.99 +taxes
- All relevant corporation name searches
- Provincial government filing fees
- Minute book
- Creation of minute book (by-laws, resolutions, share certificates)
- Access to our network of business professionals and experts
- All relevant corporation name searches
- All relevant Federal and Provincial governement filing fees
- Minute Book
- Creation of minute book (by-laws, resolutions, share certificates)
- Access to our network of business professionals and experts
Domicile Service
As an accessory service to our
clients which we strongly suggest, we store and
maintain their
minute books at our office. This ensures that your
company is always up to date and in proper
order. This is important when raising capital for
investment or in the eventual case that the
government performs an audit on your company. If the
minute book is not properly organized
there can be negative consequences for the
directors, shareholders or even the company itself.
We even offer to receive all of the mail of our
client’s vial our domiciliary
service.
Cost of Domicile Service
We charge a flat fee of $199,00/year
plus taxes to receive our client’s mail at our
office.
Thereafter we charge by five minute increments to
scan and email the correspondence or to
handle and mail it to you. The purpose of this
services is for any administrator who does
not wish to receive mail, letters of demand or
lawsuits at their home and/or business. This
also allows for counsel to communicate quickly with
the business owner to handle legal
matters.
Annual Corporate Maintenance
It is necessary for both a provincial
and federal corporation to keep draft annual
resolutions
and place them in the minute book. This tracks any
and all changes in the company and keeps
track of the activities which occurred during the
year such as changes to the administrators,
shareholders and any dividends paid out to the
shareholders, etc.
Cost of annual maintenance
We charge the flat fee of $199,00
plus taxes for each annual resolution to be
performed for
your company. For this price we shall also ensure
the annual update is performed on the
necessary corporate registry. The client is
responsible to pay for any government fees
due or those which are late. The flat fee of $199,00
does not cover any major resolutions
which must be drafted such as share transfers,
mergers, etc.
