Talk to a lawyer about your goals and have them set your corporation up for success.
$540 (avg. $900 – $1200 with gov't fees) + tax
Incorporating through Goodlawyer means getting it done right the first time. Get the guidance you need to set your business up for longterm success.
Because your business is going places.
Incorporating correctly from the outset can mean less liability and improved access to investment and financing down the road. Trust us, it's cheaper to do it right the first time.
Limit your personal liability.
Corporations are considered separate legal entities that operate independently from their owners. If the company ever gets sued or goes under, your personal assets can be protected.
Reduce your tax burden.
Corporations pay less tax than you do personally. If you're growing your business, a corporate vehicle will allow you to leave more money in the company and out of the hands of the tax man.
Talk with a lawyer to ensure that incorporating is right for you and your business. If all systems are go, your lawyer will file your papers and let you prepare for launch.
1. The Right Business Structure
Your lawyer will learn about your goals to ensure that incorporation is the right business vehicle. For most growing companies it is.
Don't worry about submitting the wrong documents. Your lawyer will handle everything on your behalf and ensure that the registration process is quick and painless.
3. Name Search and Reservation
If you have a specific name that you want to incorporate with, your lawyer can help you search the corporate registry and reserve it.
4. Initial Share Structure
Name your directors and distribute ownership of the corporation so that the right people are in the right roles within the business.
Pick a time to discuss your future corporation with a business lawyer.
Send your lawyer the information they need to file your incorporation.
Receive all of the documents you need to maintain your corporation.
The fastest and easiest way to set your business up for success.
This is extremely unique to each business and is influenced by many variables. The best way to know if it’s time for you to incorporate is by speaking with a lawyer. Book a Goodlawyer Advice Session today!
If you run an online business or carry on business across several provinces, then you might want to consider a federal incorporation. Incorporating federally requires your lawyer to register your corporation with the federal government and then again in every province where you conduct business. For most provinces, this will require additional fees, although some provinces are free. You will also have to file annual reports for both your federal corporation and your extra-provincial registrations. Overall, federal incorporation is more expensive but comes with greater name protection for your business, as well as wider rights to conduct business across the country.
If you plan to operate your business in a single province, you can just register provincially. This is a more simple and affordable option for many businesses, but limits them geographically and does not protect the name of their business outside their province of registration. That means a company with the exact same name as you can incorporate in another province. You can always incorporate federally later, or add extra-provincial registrations if you expand out of your home province.
Typically, you would need to register for an extra-provincial registration in a province if you have employees, facilities, offices, or other substantial assets in that jurisdiction. Simply making sales of goods or services, or even entering into contracts does not necessarily mean that you need to register in that province. Your lawyer will be able to determine if you require any extra-provincial registrations.
Download the info-sheet above to see a full breakdown of the government fees. If you choose to incorporate federally, you will also have to pay for extra-provincial or extra-territorial registration in the provinces and territories you’ll be conducting business.
Prices and fees are subject to changes and we cannot guarantee the accuracy of the approximated fees listed in the info-sheet. Price variations are created by registry fees such as name approval fees and publication fees which may or may not be charged by the registry office. Many registry offices are privately owned, creating significant variation in fees across the country.
Your government fees however are non-taxable and Goodlawyer does not apply our standard service fee on them. Instead, we only charge a 3% payment processing fee on any non-taxable government fees.
Incorporation is tricky. There's so many questions. We have resources to help you decide whether Incorporation is right for you. You might be asking yourself, "When Should I Incorporate?" or wondering about the term "Articles of Incorporation". Our blog can help you become a smarter business owner and weigh if you are making the right choice for your company.
Goodlawyer is an interactive online service that makes it faster and easier for clients to find and hire legal help solely based on their preferences. We are not a law firm, do not provide any legal services, legal advice or “lawyer referral services” and do not provide or participate in any legal representation.