As your incorporation lawyer, we’ll create a personalized plan to fit your exact needs, avoiding unnecessary complexities. we’ll guide you smoothly through incorporating your business, ensuring everything is legally sound.
As your incorporation lawyer, our services include:
Conducting Corporate Name Searches
Drafting Articles & Certificate of Incorporation
Crafting Corporate By-Laws
Digital Minute Book creation
Issuance of Share Subscription & Share Certificates
Resolutions for Directors & Shareholders
Maintenance of Registers & Ledgers
Establishing Business Number/Tax Accounts
Submission of Form 1 & Form 2 Initial Returns etc.
If you’re looking to incorporate – feel free to contact Utkarsh Tewari at +1 416 756 1250 or visit our office located at 1035 McNicoll Ave. Scarborough, Toronto. We serve in Durham region too. You may also CLICK HERE to book a free consultation.
Limited Liability: Protects your personal assets from business debts and liabilities.
Tax Benefits: Potential for tax deferral and income splitting.
Credibility: Enhances your business’s image and credibility with clients and investors.
Continuity: Ensures the business can continue to exist beyond the involvement of the original owners.
All inclusive packages, including:
– Corporate Name Searches
– All government filing fees
– Third Party Disbursements
– Electronic Minute Book
– Articles & Certificate of Incorporation
– Legal Advice & Consultation
– Share Certificates for up-to 2 Shareholders, additional charges may apply if there are more
Federal incorporation allows you to operate under the same name across Canada, while provincial incorporation limits you to operating within a specific province.
The process typically takes between 5 to 10 business days, depending on the complexity of your business structure and the jurisdiction.
You will need to provide articles of incorporation, a business name, and information about the directors and shareholders.
While it is possible to incorporate on your own, having legal assistance ensures that all legal requirements are met and can prevent costly mistakes.
Corporations must maintain a minute book, file annual returns, and hold annual meetings of shareholders and directors.
Incorporating a business in Ontario, Canada, offers several tax advantages:
Lower Corporate Tax Rates: Corporations often benefit from lower tax rates compared to personal income tax rates. This can result in significant tax savings, especially for businesses with substantial profits.
Income Splitting: Incorporation allows for income splitting among family members who are shareholders, which can reduce the overall tax burden by taking advantage of lower personal tax brackets.
Tax Deferral: By retaining earnings within the corporation, business owners can defer personal taxes until the funds are withdrawn as dividends or salaries. This allows for potential tax savings and reinvestment opportunities.
Small Business Deduction: Canadian-controlled private corporations (CCPCs) may qualify for the small business deduction, which reduces the corporate tax rate on the first $500,000 of active business income.
Capital Gains Exemption: When selling shares of a qualifying small business corporation, shareholders may be eligible for the lifetime capital gains exemption, which can significantly reduce or eliminate capital gains tax.
Deductible Business Expenses: Corporations can deduct a wide range of business expenses, which can lower taxable income and, consequently, the amount of tax owed.
These advantages can vary based on individual circumstances and changes in tax laws, so it’s important to consult with a tax professional for specific advice tailored to a particular business situation.
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Great service and easy to talk and discuss. Sometime out of the box, he even guided us for the things other than house purchase too.
Utkarsh is very diligent, detail oriented and ensures he is taking care of all the small things towards completing the transaction successfully.