Corporate Registry
A new system was implemented in 1998 that enables
companies to incorporate more easily than in the
past. Accredited service providers are able to examine
your documents for completeness and compliance to
the law and enter your information electronically.
Processing that sometimes took days in the past can
now generally be done while you wait.
The government will no longer provide corporate
registration services. We are a Level III service
provider -LEVEL I, LEVEL II, and LEVEL
III of Corporation services. The government will,
however, still have ownership of all the information
that is collected and stored on the new database.
Strict security measures have been implemented to
protect the integrity and security of all data collected.
We offer a COMPLETE line of Corporate registration
services.
Searches
Searches for existing corporations will show such
public information as address, directors, shareholders
and status. Please see the list
of registration fees for the current
cost.
For searches for existing Trade names and Partnerships,
please see the list
of registration fees for the current
cost.
Proprietorship or Sole Proprietorship
A sole proprietorship is the simplest of all business
organizations. When a person decides to operate a
business without any formal business structure in
place, that person operates a sole proprietorship.
Quite simply, an individual with goods and services
to offer conducts business either under their own
name or under another name.
Unlike a registered corporation, a sole proprietorship
is not a distinct entity apart from the individual.
The sole proprietor owns all the assets of the proprietorship.
Income from the business forms part of the personal
income of the sole proprietor and is taxed accordingly.
Therefore, an important reality of operating a sole
proprietorship is that the owner has unlimited liability
for the debts and liabilities of the business. When
the sole proprietor dies or retires, the sole proprietorship
ends.
Partnerships
In a partnership the business is owned and operated
by two or more persons. These partners own all the
business assets, share the profits and are jointly
and separately liable for the partnership debts and
liabilities. A debt of the partnership can be collected
from any one of the partners or any combination of
the partners. Fundamentally, each partner acts on
behalf of the partnership and on behalf of the other
partners.
A partnership is a contractual agreement that can
be dissolved upon expiration of the partnership agreement
or sooner by agreement of the partners. If the partners
cannot agree upon dissolution, any partner can apply
for a court order to dissolve it.
Trade Names
A name under which a business operates is called
its trade name. A sole proprietorship, a partnership
or a corporation can do business under a trade name.
You can register a trade name and although this does
not provide right of ownership to that trade name
it does provide proof that you have done business
under that trade name from a certain date.
Although it is not mandatory, it is recommended
that a search be done prior to registering a trade
name.
Incorporations
A corporation is a legal entity created by the filing
of certain documents. Being a legal entity a corporation
has the rights, powers and privileges of an individual.
A corporation is a legal entity separate from its
shareholders and it also has certain tax and financial
advantages. Any business carried on for profit can
become a corporation.
Once you decide to incorporate as a named company
you will have to have a NUANS report done. (If you
are going to be a numbered company you don't need
a name search.) The NUANS will show you all existing
corporations with names similar to your suggested
name. Because you want no conflicts you should avoid
to use a name that is identical to that of another
corporation.
We also complete Federal Incorporations (CANADA)
at a very reasonable price. Federal services include
Incorporations, Searches, Bankruptcy Searches, Annual
Returns and Corporation name approval.
Annual Reports
Once a company has been incorporated it must file
a report annually to maintain its Active (on going)
business status. A reminder form is sent out annually
by Corporate Registries prior to the anniversary
of the company's incorporation.
Limited Partnerships
A limited partnership differs from a general partnership
in that in a general partnership all partners share
equally in the responsibility and liability of the
company. In a limited partnership there can be some
general partners with unlimited liability , but also
limited partners who will not be liable for the obligations
of the limited partnership except to the extent of
the capital which they have contributed.
For a list of all Corporate registration fees please click
here.
