Incorporation Services FAQ

Common Questions About Our Incorporation Services

As you get ready to incorporate your business, or if you are merely exploring the idea, you may have questions about the process. At New Business, we have answered some of our most frequently asked questions about incorporation and our incorporation services below.

What does it take to create a corporation?

There are several steps required to create a corporation. These include everything from selecting a corporate name and choosing your corporate jurisdiction to preparing and registering your Articles of Incorporation and organizing the corporation once it is registered.

What are the benefits of incorporation?

By incorporating, you create a legal entity that is separate from yourself. As a result, your personal liability becomes limited in respect of the operations of your business. As a separate legal entity, the corporation is generally responsible for many of the businesses debts and other liabilities. Corporations can also offer certain tax planning opportunities in various circumstances that are not available to unincorporated businesses.

How long does it take to incorporate?

There are many factors that impact the length of time it takes to incorporate your business. We can review the specific timeline that will apply to your incorporation when you purchase one of our incorporation packages.

Do you need a lawyer to incorporate?

It is possible to complete the incorporation process without the help of a lawyer. However, it is always advisable to seek legal counsel when you decide to incorporate your business.

Can one person incorporate a company?

In most cases, yes. For general business corporations, one person can generally incorporate the business and then hold one or more positions within the corporation, such as director, president, and shareholder. That said, there are specific situations where more than one person is required, such as for the incorporation of many not-for-profit corporations that require a minimum of three directors to incorporate.

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