Transform your daily workflows and Protect Articles Of Incorporation

Aug 6th, 2022
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Simple guide on the way to Protect Articles Of Incorporation

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How to Protect Articles Of Incorporation

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[Music] Articles of Incorporation what are Articles of Incorporation they sound so official and they are Articles of Incorporation are the first filing you make with the state they are a matter of public record which means anyone can read them so you want them to be brief you will include the name of the company the names of the directors and the number of shares you want to authorize thats pretty much all who you want to include since it is a public document the rest of the information you keep private and include in the bylaws for a corporation or the operating agreement for an LLC we help you with the articles and all the other important documents you need when forming a corporation or LLC visit us at corporate direct comm or call eight hundred 676 T [Music] [Music]

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If you are using your business name as your trademark, you can also register your business name as a trademark. Registering your trademark will give you exclusive rights to it in Canada for at least 15 years (you can renew it indefinitely as long as it is still being used).
One of the benefits of incorporating your business in Canada is that you can protect yourself and your personal assets from any liabilities. If youre incorporated then, generally speaking, neither you nor your employees are personally liable for any actions taken while working on behalf of your business.
One of the fundamental principles of corporate law is that the owners, directors and officers of a corporate entity generally are not personally responsible for the entitys debts.
Incorporation could also protect your assets if your corporation gets sued. That said, nothing prevents a plaintiff from suing you personally in Canada.
Benefits of incorporating provincially and federally Easier access to capital. Corporations can borrow money at lower rates. Lower tax rates. Corporations are taxed separately from their owners. Limited liability. Shareholders are not responsible for a corporations debts. Separate legal entity. Continuous existence.
One of the main advantages of incorporating is that the owners personal assets are protected from creditors of the corporation. For instance, if a court judgment is entered against your corporation saying that it owes a creditor $100,000, you cant be forced to use personal assets, such as your house, to pay the debt.
Limited Liability - Protect Personal Assets Being incorporated protects the business owner from being personally responsible for debts and liabilities, such as loan defaults, lawsuits and product malfunction.
Incorporation could also protect your assets if your corporation gets sued. That said, nothing prevents a plaintiff from suing you personally in Canada.

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