Order Ontario Corporation
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Standard Corporation
(Name corporation: Name Analysis, conflict analysis with Nuans Report)
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Corporation Address
This is corporation registered office address. Corporation address is mandatory to be physical or legal land description. PO box or UPS store box is not appropriate for Corporation address. Corporation address can be change anytime in future.
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Incorporator
An incorporator is responsible for setting up a corporation. This role is primarily executed before the business is formed, with the incorporator taking key steps to ensure that the corporation is eventually recognized legally. Do you want to Add Additional Incorporator other then Director?
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Additional Services
Every business in Canada must have a business number from Canada Revenue Agency. This is the identification of your business with CRA. For any kind of CRA service required Business number. On your business transaction, you need to charge GST /HST from your customers. It is highly recommended to setup GST/HST account and collect Taxes. Corporation required to hire employees to operate. For employees payroll deduction required CRA payroll account. This is the initial set up of payroll account with CRA which you definitely need to process payroll. And if your corporation deal with physical goods cross border your corporation also required import -export
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Mandatory Services
Within first 60 days of Corporation registration mandatory initial return need to file. To comply with the requirements and avoid compliance action that may result in cancellation of the corporation.
If you have the company key you can add or remove directors and change address of the corporation.
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Summary
The final estimated price Including GST/HST is :
Summary
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Standard Corporation is a single entity which may be comprised of individuals or a company, but is separate from its owners. Among the most important features of a corporation is limited liability, which means that its owners can participate in the share of profits, but not the corporation’s liabilities. Along with limited liability, corporations possess the ability to own assets, enter contracts, sue or be sued, and borrow money.
The creation of a corporation occurs following the proper filing of Articles of Incorporation (also called a Charter or Certificate of Incorporation) with the relevant government department or authority. Every corporation is comprised of shareholders, directors and officers. The directors are responsible for supervising and managing the corporation’s affairs.
Attributes: 1. the right to use corporation name across Ontario 2. limited personal liability 3. protection of company name rights 4. lower corporate tax rates 5. better access to capital and grants. 6. single / multiple owner 7. ownership easily transferable.