How to Incorporate a Business in Canada Like a Lawyer

Рет қаралды 13,629

Күн бұрын

In this video, I'll guide you step-by-step through how to incorporate your business in Canada. From deciding when to incorporate to setting up your corporation the right way. Don't forget to click "SHOW MORE" to grab your FREE Incorporating in Canada A-Z checklist so you don't miss a step! 👇
00:00 Intro
00:39 Should you incorporate? Pros vs cons of incorporation
05:57 Federal vs Provincial Corporations
08:26 Registering vs trademarking your business name
08:37 Named vs numbered corporations
09:23 Legal requirements for corporation name
10:23 What are "share structures" & how do you create them
12:27 What to write in incorporation agreement & articles of incorporation
13:54 How to file your incorporation application
14:35 The one thing you MUST do to make incorporation effective (ie: if there's one takeaway from this video, it's this)
#incorporation #incorporateincanada #czarinapacaide
// RESOURCES
📩 FREE Incorporating in Canada A-Z Checklist → anahawlawfreebies.s3.us-west-...
Corporation Online Application (Federal) → bit.ly/2SSoobW
Corporation Online Application (BC) → bit.ly/3eVqq3M
Name Request (BC) → bit.ly/3wgeoHR
Canada Business Corporations Act → bit.ly/3bBSWW0
BC Corporations Act → bit.ly/3bC2Max
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/ czarinapacaide
Owner/BC business lawyer/K-drama fan at Anahaw Law. New videos every Friday to help you do business better. Feel free to leave a comment suggesting what tip I should talk about next or what's your biggest business challenge!
Let's chat: hello@anahawlaw.ca
** OBLIGATORY DISCLAIMER (BUT PLEASE READ): This video contains my general (ie: not specific to your particular situation) thoughts about the areas of law I practice in, so it is not-and cannot be-a substitute for legal advice. I do my best to give you accurate, in-depth and up-to-date information to make the law more accessible and understandable. But the law is always changing. So I can’t make any promises that what you’ve heard today continues to be the case as when I published it. Before making decisions for your business, especially if you have legal questions, it’s always best to seek personalized advice from qualified experts. And while I am a lawyer, I do not become your lawyer until you and I have signed a legal services agreement.

Пікірлер: 41

@jeffkukkee 2 жыл бұрын

You just answered soo many lingering questions that I had, instant Subscribe!! Looking forward to future content on financing a new Cooperation.

@LaviniaLathamJD 2 жыл бұрын

This was an EXCELLENT video! Thank you for posting this, Counsel!

@lorenehatelt1660 2 жыл бұрын

Thank you for doing this video it really helped me understand a lot more about incorporation and everything that is involved. I look forward to more videos!

@czarinapacaide8767 2 жыл бұрын

So glad you found it helpful! Wishing you all the best for your business!

@drewmiller4057 2 жыл бұрын

Really enjoyed this video. Thanks for the expert information and friendly delivery.

@czarinapacaide8767 2 жыл бұрын

So glad you found it helpful!

@ronwiebe4816 Жыл бұрын

Great job! - thanks

@shariecebrewster5962 2 жыл бұрын

thank you for this video it's work for me and I need to learn more much I got stop by the plice

@NaliBroadcast Жыл бұрын

Thank you for your video excellent video, just one thing, now I am providing engineering consulting services in British Columbia, Canada. I used to operate as a sole proprietorship. However, the recruiting agency I am currently working with, based in Ottawa, is asking me to incorporate my business as an independent contractor in order to continue working with them on a year-to-year contract. Now I'm wondering whether I should opt for federal incorporation or provincial incorporation. Which type of corporation would be more suitable for my situation?

@czarinapacaide8767 3 жыл бұрын

Over to you, I'd love to hear what you think! Will you be incorporating?

@sarbjeet7 3 жыл бұрын

@Czarina Such a good content. Yes We are incorporating only to formilize relationships and dulties, and to save the name.

@czarinapacaide8767 3 жыл бұрын

@@sarbjeet7 Neat! I've found that formalizing business duties is so important, especially for family-run businesses or businesses between friends (less headaches for everyone later on).

@ejhaneine3168 3 ай бұрын

Great video I had a question. I am starting a Shopify store and want to sell all over Canada eventually the US. I already incorporated an LLC federally and my business is based in BC. I understand I still have to register provincially in BC. But I still have to register in each province I want to sell in even if I do drop shipping ?

@freddietho9132 Жыл бұрын

If you go with a #business name , how do you then legally use the name of choice- printed on signs& products?

@shabazsadruddin 2 жыл бұрын

Informative video Thank you. One question. As i am British Columbian. I about to start my e-commerce Amazon business very soon. Should i register as a federal or bc provinces incorporation ? Which is better in my case ? Really appreciate if you answer thanks

@Olecram_Spartan_Gaming Ай бұрын

How many shares am I supposed to put on the incorporation agreement?

@shariecebrewster5962 2 жыл бұрын

I love it's video

@rfcvhhg 2 ай бұрын

If you incorporate your business does it reach back for protection for the previous years that you were not incorporated?

@shariecebrewster5962 2 жыл бұрын

yes I am ready for fashion

@MrLuqman43 2 жыл бұрын

Awesome video THANK YOU. I have an e-commerce business that I purchased from my uncle. I live Quebec and I would like to make a Canadian corporation for my company since this is where I will be doing most of my business operations. Is a registered Canada corporation the best way to go? Does QC have different rules regarding this? Should I register as a numbered company and just Trademark the name?

@czarinapacaide8767 2 жыл бұрын

Glad you enjoyed it -- congratulations on your new business venture! Hm, for Quebec, I definitely will look into getting advice from a Quebec-based business lawyer on whether it's best for you to be a provincial Quebec corporation or a federal Canadian corporation (generally, laws in Quebec differ from the rest of Canada). As for registering a numbered company and then trademarking the name, that's a common thing being done and will give your business name more legal protection against copycats. It may be the way to go depending on your goals :) Do let your business lawyer know about where you see your business in the next 5 years. This will help you get advice (and make smart investments) that make sense for your career & life goals. Hope this helps!

@shariecebrewster5962 2 жыл бұрын

I need to learn all subject as well

@peng1790 2 жыл бұрын

Hey great video I just have a question. Would there be implications if someone outside of Canada and NOT from the states become a shareholder of my corporation? Should I let someone not from Canada own shares in my company here?

@czarinapacaide8767 2 жыл бұрын

Great question Peng! One of the implications of having non-Canadian residents as shareholders of your Canadian corporation is that, depending on how many shares they hold, your corporation may become designated as a "foreign company doing business in Canada." This may increase the taxes you'll have to pay or limit your access to government funding. As to whether you should let a non-Canadian resident own shares in your corporation, I think this is a great conversation to have with both your business lawyer and your tax preparer (preferably with them in the same room/call, so they can understand your overall goals for your corporation, your concerns, and then help you structure your business based on that). Hope this helps!

@edulivingincanada4706 Жыл бұрын

Hi, Thankyou for all your information. It is very helpful. pl, where can we find all the forms for incorporation? thankyou again.

@czarinapacaide8767 Жыл бұрын

Hi there, depending on which forms you need, they're linked above in the show description.

@edulivingincanada4706 Жыл бұрын

@@czarinapacaide8767 . Thankyou again for the value information and links you offer here. but, I probable need to ask the question in different way: where can we find the templets, of articles, agreements, and so on?

@shariecebrewster5962 2 жыл бұрын

I am there's to learn as well

@bushrakhalifeh6510 2 жыл бұрын

Thank you for your lovely video! I want to immigrate to Canada, I have a valid express entry profile (i have a UCI number and profile number), my overall score is 362 (according to comprehensive ranking system RSI), its not enough to being selected from the pool and get my PR. would registering a company help me in my case? will it be possible to hire myself and hence increase my RSI score so I can move to Canada soon? could you please advise me on how incorporating a business will help me immigrate to Canada soon. Many thanks

@mbudron9837 2 жыл бұрын

I recommend mastering french for extra 50 points. getting the easiest master's degree. try to get a job offer! studying visa is another possible option. however, for getting a job offer without LMIA, you must be from a specific set of countries that are LMIA exempt or a French speaker otherwise getting a job offer will not be LMIA exempt and it will be much harder. Good luck :)

@czarinapacaide8767 2 жыл бұрын

Hi Bushra, great questions! It's actually quite a process for Canadian companies to hire foreign workers, so I can't give a blanket recommendation to register as a Canadian company. I think your best bet will be to speak with an immigration lawyer familiar with the laws in Canada (so not just a general immigration visa processing firm). That way you can explore with that your lawyer your options given your situation and preferred timeline. Depending on your situation & your goals, some (or all) of MB's suggestions may actually be your best route to get your PR. All my best!

@bushrakhalifeh6510 2 жыл бұрын

@@mbudron9837 thank you :)

@sarbjeet7 3 жыл бұрын

@Czarina which clause or section in Article of Incorporation determines who own this percentage of Incorporation and who own that percentage?

@czarinapacaide8767 3 жыл бұрын

Hi Sarabjeet! Great question. In the sample provided by BC, it won't actually be in your articles--you want to look at the share structure listed in the incorporation agreement instead (the part where it says the name of the incorporation and the number of shares owned by that incorporator). For federal applications, you want to look at the class of shares and who's been assigned what and how many of each class. Once you've incorporated, that information will be listed in the securities register (which is basically a table/chart detailing information about the shareholders) which you'll be putting in your corporate minute book. Hope this helps!

@sarbjeet7 3 жыл бұрын

@@czarinapacaide8767 Thanks for the detailed answer. It's clear the doubt, it will be classes of share and the number of shares allotment among the shareholder which decide the ownership percentage. Thanks for creating this content, on youtube information related to forming an Incorporation is very limited. I have gone through almost all of the videos they all talk about the similar content as you have covered few other parts and most important your video is new from current year 2021 that really give us surety that content is uptodated. Keep on uploading informative videos :-) Thanks

@shariecebrewster5962 2 жыл бұрын

I want to learn more a about lawyer

@czarinapacaide8767 2 жыл бұрын

Oh, about how to become a lawyer in Canada?That's a very interesting topic for sure. I'll add it to my episode ideas. Thanks for the suggestion!

@shariecebrewster5962 2 жыл бұрын

yes I'm am do home 🏡 school as 3well