Incorporating an Ontario Corporation will protect you against personal liability for your business debts and obligations.
You would be able to open an office or other permanent establishment in Ontario.
Your corporate name will be protected in Ontario.
In some cases incorporation of a Federal company in Canada is more beneficial. Please read about the differences between an Ontario and Federal Corporation.
We can have your Ontario Corporation incorporated within 2 business hours. Please note that a NUANS report is required in order to be a named corporation. Numbered Corporations do not require such report.
An incorporator is an individual who initiates the incorporation process. An incorporator has no rights or powers in the corporation. A minimum of one person needs to be appointed as an incorporator.
A director is an individual who manages the company on a daily basis.
A minimum of 1 director is required to incorporate a company and must be 18 years old, of sound mind (mentally competent) and not in a status of bankruptcy.
President – an individual who is responsible for overseeing the decisions of the corporation and entering into contracts on behalf of the corporation
Secretary – an individual who is responsible for noting company formalities and maintaining the corporate records
Treasurer – an individual responsible for all accounting matters and for the funds of the corporation
One person may be appointed all officer positions in the company or you may appoint a different individual each position.
Shareholders are owners of the corporation.
Any individual or legal entity from any country may be appointed as a shareholder. However, if more than 50% of shares belong to a non-Canadian shareholder there is a much higher corporate income tax rate.