Business incorporation 2025

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  1. Click ‘Get Form’ to open the business incorporation questionnaire in our editor.
  2. Begin by entering the proposed name of your corporation. If your first choice is unavailable, list alternate names in order of preference.
  3. Fill in the principal business address and mailing address of the proposed corporation. Ensure that the registered office address is not a P.O. Box.
  4. Describe the activities of your corporation and indicate whether it will be buying goods from a wholesaler for resale.
  5. If applicable, provide details about any existing business operations, including starting dates and employee hiring information.
  6. Complete the capitalization section by specifying the number of shares issued, types of shares (voting/nonvoting), and their par value.
  7. List initial shareholders along with their share ownership and any buy-sell agreements.
  8. Identify members of the Board of Directors and Officers, including their addresses and Social Security Numbers.
  9. Finally, fill out miscellaneous sections regarding accounting, banking details, and any required professional licenses.

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A corporation is a legal entity that keeps the business separate from the business owner. You can choose to incorporate federally or provincially, and each option comes with its own pros and cons. If you choose to register your business provincially, you can always change to federal incorporation later.
Incorporating yourself creates a legal separation between you and your business, which means your personal assets (e.g., home, car, savings) are generally protected from business debts or lawsuits.
LLCs and corporations both offer liability protection, but the right structure depends on your business goals, tax preferences, and plans for growth. Choose an LLC for flexibility, ease of setup, and pass-through taxation. Choose a corporation if you need to retain profits, raise capital, or issue stock.