Governments all over the world are trying to assist people to create a business. With the high level of unemployment in the Western world, Canada is one of the countries where it is made extremely simple to set up a company. There are different tools on the Internet to help people set up a company in Canada. The government has made it easy to file applications, search for business names, trademarks and check documents online, but if this is the first time you are doing the process, it can be hard to understand the legal requirements. Below you will find some general guidelines on submitting your application, registering your company name and reporting your activities to the relevant state departments.
Federal Level Incorporation
The most popular option of forming a corporation in Canada is to do it on the federal level. This method has several added benefits. Companies would receive advanced name protection, permission to doing business in the whole country and professional client service. The government claims that while it costs more to set up a business at the federal level, it has some obvious benefits for those who are serious about their future company. This incorporation option is good for those who are planning to be in business for a long time and are expecting fast and great amount of expansion in the first years. Support is provided in both of Canada’s official languages.
Online Incorporation in Canada
Thanks to the initiatives of the government, it is now easy to incorporate in Canada using safe and reliable online systems. The online filling centre does not only allow customers to send over information through the forms, but also to check the progress of their application, tax status and registration, The total cost of incorporation can be reduced, choosing a greener and more effective method. All acknowledgement letters and status notifications are sent through secure servers. The only cost involved is the filling fee which can also be paid through the site. Currently it only costs $200 dollars to file a request of incorporation. While document templates are provided, you might decide to add further documentation to the application and this would mean that you will hire a business lawyer to do it for you.
Once you have determined which form of incorporation you prefer to set up you can start the process online with or without a lawyer. A company name can be found using the online search and once selected, you can start the process. Using the Online Filling Centre is simple and there are help files attached to every section, so you cannot get lost. Upon filling out the form, you will receive an acknowledge letter through the email system alongside with the Certificate of Incorporation, Once you have this in your hand, you are required to register with the province separately. Some provinces also have their own website with the facility to fill out the forms and send the information over via the Internet making it even easier to create a business.
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