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Incorporation Online

Online incorporation is now a hassle-free process

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Incorporation Online

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  1. The Benefits of Incorporation for your Business

  2. Table of content What does incorporation mean? What is sole propreitorship? What is General partnership? Difference between sole propreitorship, General partnership & incorporation Benefits of incorporation How to incorporate your business?

  3. What does incorporation mean? Incorporation is a form of business ownership that creates a distinct legal entity separate from its owners (shareholders). When a corporation is created, each owner is issued shares proportional to the percentage of ownership.

  4. What is sole propreitorship? A sole proprietorship is a business owned and run by an individual. It is not a legal entity but a description of a type of business, so there are no formal papers to file to create one.

  5. What is general partnership? A general partnership is a business arrangement by which two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a jointly-owned business.

  6. Difference between sole proprietorship, general partnership & incorporation Sole proprietorship General partnership Incorporation The owner of a sole proprietorship receives all of the profits from the business. It can be established easily and with minimal cost and the owner maintains full control of the ongoing operations. Partnerships allow startup costs, profits, and management to be shared among the partners. A General Partnership holds all parties liable for any outstanding debts and obligations. Incorporations can be established by businesses looking to operate in one or more Provinces. Incorporating may protect the shareholders from being liable for the legal obligations and or debts of the business.

  7. Benefits of Incorporation #1 #2 #3 #4  It may protect the individuals from being responsible for any debts that the corporation incurs. Incorporating your business allows you to create a new legal entity that is separate from the company’s members and shareholders.  Incorporation allows your business to be taxed at a low rate when compared to the tax rate for individuals. Corporations often receive better access to the financing needed to grow the business.

  8. How to incorporate your business? Businesses must submit the proper applications along with their business name and the legal names of its directors. A certificate of incorporation is given to the business, allowing it to operate as a separate legal entity. Incorporation online is a hassle-free process.

  9. You will need to provide: Billing and shipping information Payment by any major credit card including visa, Master card and American Express The final step is to click the icon to show you are not a robot and complete the submission

  10. Jump start your business today!

  11. Thanks!

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