Tagged Questions

1
vote
1answer
55 views

Setting up daughter companies?

I have a federally incorporated company, lets call it Company INC, and a bank account for it. The company activity is listed as a technology company, but I want to branch out and do some more ...
4
votes
2answers
182 views

Co-Founder of Company wants to quit

I have a unique problem that I was hoping to get some clarity on. The Co-Founder of our business (in Canada) wants to end the business and get out. The company has been operating for 3 years and has ...
0
votes
0answers
30 views

If a foreigner incorporates federally in Canada for a web company, is provincial registration required?

If a foreigner wants to incorporate in Canada for a web startup which will have no actual physical presence in Canada (except for the required director), does he have to also register (and pay taxes) ...
0
votes
2answers
168 views

Will I REALLY save on taxes by incorporating offshore?

I'm about to launch a product and need to register a company (in order to handle payments for my product, and get a merchant account). I'll give specific information on my own situation below, but my ...
1
vote
2answers
74 views

are there tax benefit considerations when choosing a fiscal year end for a canadian corporation?

For a canadian corporation, is there any tax considerations for choosing a specific date for the fiscal year end? (for example, is it different to end the year in April vs December in terms of tax ...
0
votes
1answer
89 views

Can a person own more than 1 corporation in Canada?

If some already owns a corporation, can he create and run another one at the same time? Thanks in advance.
0
votes
1answer
74 views

Can a business registered/incorporated in one province do business in another province?

I've been getting conflicting advice about this, and figure if there's a spot that would know the answer one way or the other, it's onstartups.com In a nutshell I'm trying to find out if I have to ...
2
votes
3answers
710 views

Being liable as a sole proprietorship VS director at a corporation

I am considering starting presales of a product. Since money may be coming in I wanted a business bank account so if I am ever sued for any reason I'll only lose what I put in the business and not ...
3
votes
5answers
704 views

Where to incorporate an international startup?

My co-founder and I have been working on a web-related software startup for a couple of months. We are now ready to create a company / legal entity around this venture. One of us is resident in the UK ...
1
vote
1answer
297 views

When should a startup incorporate in Canada?

I'm getting mixed answers. A fellow Canadian told me, "No revenue, No Incorporation". Reading other answers here, I should incorporate early. I am on verge of entering beta (fire off emails) but ...
1
vote
2answers
163 views

Web App Business Registration in Canada

I'm getting close to completing my web application and I'd like to start dealing with the business aspects of it (I'm a programmer first and foremost!) I need to register my business name in Canada. ...
4
votes
4answers
217 views

Start-up IP dispute in Canadian Corp

I'm currently in an intellectual property dispute over software I developed in a new start-up (Canadian corp). It was written under the false pretense that I would have 25% ownership of the company, ...
1
vote
2answers
848 views

Can you convert a sole proprietorship in Ontario to a corporation without additional Directors?

I believe usually 3 directors are required. Is there a way around this?