Incorporations

Incorporating is the best way to minimize legal and financial risks and maximize financial incentives. Here is a breakdown of some of the benefits of incorporating:

• Limited liability: Your personal assets will be protected. One of the primary benefits of incorporation is limited liability. A corporation is a separate legal entity. This means that shareholders are not personally responsible for the company’s debts or legal liabilities. This protects their personal assets in case the business faces financial or legal challenges.
• Tax advantages: The corporate income tax rate is much lower than the personal income tax rate. Further, there are often opportunities for tax planning and deductions that are not available to sole proprietors, partnerships, and individuals.
• Credibility: Being incorporated enhances the credibility of a business. Your business will be perceived as more stable and reliable, which is important when dealing with potential investors, customers, leads, suppliers, and financial institutions.

However, not all incorporations are the same. It is essential to have proper documents in place. And unless you are already knowledgeable about the complex world of share structures and share classes, it’s a good idea to get professional advice from legal counsel.

Cunning Law guides your new business through the complexities of incorporation, ensuring compliance with relevant laws and regulations while addressing your particular business goals.

You can incorporate your business at any time. Many businesses incorporate right away to take advantage of limited liability and tax advantages. Some choose to wait for one of the following milestones to occur:

We take pride in offering efficient services. For incorporations, here are the expected timelines:

• Same day for numbered corporations (for example, 1342452 BC Ltd.)
• Approximately 7-14 business days for named corporation
• Approximately 2 business days for named corporations if you pay a $100 priority request fee

Starting your business can be a confusing and complicated process. We are passionate about helping entrepreneurs and small businesses through this process. Enlist the help of an experienced business lawyer for incorporating. Our law firm will ensure that it is done properly and seamlessly.

What’s included:

• Free consultation to advise on business structure and answer questions
• Conducting a corporate name search and reserving the name (if applicable)
• Drafting all initial documents needed for incorporation, according to the Business Corporations Act (BC):
  • Company articles
  • Notice of articles
  • Incorporation application
  • Incorporation agreement
  • Organizational director resolutions
  • Consent to act as director
  • Transparency register
  • Central securities register
  • Directors and officers register
• Filing incorporation documents on your behalf
• Compiling your incorporation documents into a digital minute book record

We can also help you with corporate record-keeping which involves storing your company’s records, using our registered and records office address, and making sure you don’t miss any government filings. We also handle other business law matters such as Shareholders’ Agreements and Employment Agreements.

Simply click here to get started.