Business Registration
We provide comprehensive new business registration and new corporation setup services to assist individuals, entrepreneurs, and organizations in establishing legal and financial foundations for their businesses. These services can vary based on the specific needs of the client and the nature of the business, but here are common services offered:
1. Business Entity Selection: Advising clients on the most suitable legal structure for their business, such as sole proprietorship, partnership, corporation, or limited liability company (LLC), considering factors like liability, taxation, and management.
2. Business Name Registration: Assisting in choosing a unique and legally compliant business name and registering it with the appropriate government authorities, such as provincial or territorial business registries.
3. Business Registration and Licensing: Handling the process of registering the business with the relevant government agencies, obtaining necessary licenses, permits, and tax identification numbers.
4. Articles of Incorporation/Formation: Preparing and filing the articles of incorporation or formation required to legally establish a corporation.
5. Shareholder Agreements and Operating Agreements: Drafting and structuring agreements that define the rights, responsibilities, and relationships among business owners, shareholders, or members.
6. Business Plans and Financial Projections: Assisting in developing comprehensive business plans, financial projections, and budgets to secure financing or investment.
7. Business Number (BN) Registration: Obtaining a BN for tax purposes and a BN for dealings with the Canada Revenue Agency (CRA).
8. GST/HST Registration: Registering for the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) if applicable based on revenue thresholds and business activities.
9. Payroll Setup: Establishing payroll systems, including registering with the CRA for payroll deductions and providing guidance on employee compensation.
10. Bank Account Setup: Assisting in opening a business bank account to separate personal and business finances.
11. Record-Keeping Systems: Advising on record-keeping practices and helping set up accounting software or systems for financial tracking and compliance.
12. Compliance with Regulatory Requirements: Ensuring compliance with industry-specific regulations and requirements, such as environmental permits, health and safety standards, and professional licenses.
13. Employee Benefits and Insurance: Advising on and setting up employee benefit programs, insurance coverage, and workers' compensation as required.
14. Business Insurance: Assisting in selecting appropriate insurance coverage to protect the business from risks, liabilities, and unforeseen events.
15. Initial Tax Planning: Developing an initial tax strategy to optimize deductions, credits, and minimize tax liabilities.
16. Business Advisory Services: Offering ongoing business advice, financial planning, and strategic guidance to help the business succeed and grow.
17. Compliance Reviews: Conducting compliance reviews to ensure that all regulatory and legal requirements are met on an ongoing basis.
18. Business Valuation: Assessing the value of the business, which can be useful for transactions, financing, and planning purposes.
Our goal of these services is to provide businesses with a strong foundation, compliant with all legal and financial requirements, to facilitate successful operations and growth.