What are Shareholders, Officers and Directors and Should I be One?
There are several reasons why incorporation may be the right answer for your business, but once you have decided to incorporate, there are several more questions that arise. One of the most important questions…
Should you Incorporate a Federal or Provincial Corporation?
Incorporation offers liability protection, continuity and tax benefits for people looking to start their own business. Once you have determined that incorporation is right for you, the first step in the process is deciding…
Attention Ontario Realtors: You Can FINALLY Incorporate…and Here’s How!
After a years-long lobbying effort, Ontario Realtors are FINALLY allowed to reap the tax and liability protection benefits of using a Personal Real Estate Corporation (PREC). On October 1, 2020, new regulations under…
Capital Gains Surplus Stripping: Is It Worth It?
Over the last few years many professionals, including doctors, lawyers and small- to mid-sized business owners, have been taking advantage of a tax-efficient way of withdrawing cash from their corporations…
5 Reasons Why Your Corporation Needs a Shareholder Agreement
Starting a business can be risky, but when you have a dream, a plan and goals, optimism cuts through the anxiety that risk can bring. That optimism though also blinds people to the risks that may come if…
The Wonders of a Holding Company
The “Holding Company” has become like a legendary creature amongst Toronto entrepreneurs. It is poorly understood, and often used improperly. As our earlier articles have shown, the Shocking Myth believed…
3 Advantages of Incorporation
The incorporation of a business is a big step for many business owners. The process should be fully understood and considered by any responsible business owner before acting and making the decision to…
How to Go about the Incorporation Process
The incorporation of a business can be a long and complicated process, but it is also one that offers a variety of advantages; for example, owners of incorporated businesses frequently obtain a large degree of…
Why Is Incorporation a Good Idea for a Doctor’s Medical Practice?
The incorporation of a doctor’s medical practice, much like any other type of incorporation, is the legal process by which a company becomes a legal entity in the eyes of the law. Incorporated businesses are treated…