Listen to this post In short, there is no legal difference between incorporating a named or numbered company. However, the difference lies in what you wish to do with the company.Incorporating a Named CompanyIf your company deals with the general public and you plan on developing a recognizable brand name for your business, then incorporating
According to the Key Small Business Statistics report by industry Canada, small businesses with 1-4 employees have a 60.5% survival rate and 5-19 employees have a 66.4 % survival rate in the first 5 years of operation. For those that continue to operate, part of their success can be accredited to efficient tax-planning initiated through
Last updated on March 9th, 2022 at 01:37 pm Hello everyone, we’re going to have a quick chat with you about shareholders’ agreements. When we’re looking to start up a new business, a new corporation, and there’s more than one partner involved or more than one shareholder involved, it is incredibly important for you to
Hello everyone, this is a message for my fellow professionals, the Chartered Accountants of British Columbia. Specifically, those accountants who continue to incorporate companies on behalf of their clients, which is in breach of their code of professional conduct and is illegal to boot. Now I've pulled this article out from the Chartered Accountants of
Last updated on June 29th, 2022 at 12:25 pm This infographic gives an overview on the fundamental characteristics of a not-for-profit corporation and covers: What defines a not-for-profit corporation?What type of entities can be considered a not-for-profit corporation?The differences between a not-for-profit vs for-profit The advantages of legally incorporating a not-for-profit corporation. This infographic is