Business Incorporation
Why John K. Jang CPA?
- Enhance business credibility with clients and financial institutions
- Ensure compliance with all legal and regulatory requirements
- Establish clear ownership rights and succession planning
Complete Business Incorporation Solutions
Our business incorporation services guide entrepreneurs through the entire incorporation process, providing expert advice on corporate structure, compliance requirements, and ongoing corporate maintenance to establish a solid foundation for your business.
What We Can Do for You
Incorporation Filing
Preparation and filing of all necessary documents to incorporate your business at the federal or provincial level with precision and efficiency.
Corporate Structure Planning
Strategic advice on the optimal corporate structure and share classes to align with your specific business goals and tax planning objectives.
Corporate Compliance
Assistance with corporate minute books, annual filings, and other ongoing compliance requirements to maintain your corporation in good standing.
Business Registration
Registration for business numbers, HST/GST accounts, payroll accounts, and other government registrations to ensure full regulatory compliance.
Corporate Governance
Development of governance practices, including bylaws, shareholder agreements, and board protocols to establish clear operational guidelines.
Corporate Tax Planning
Strategic advice on structuring your corporation to optimize tax benefits and minimize long-term tax liabilities from day one.
Frequently Asked Questions
What is the difference between a Federal Corporation and an Ontario Corporation?
A Federal Corporation is advantageous if you plan to expand your business across multiple provinces or operate a nationwide brand. However, you must complete Extra-Provincial Registration in each province where you have a permanent place of business.
An Ontario Corporation offers more flexibility for foreign investors or non-resident directors, as there are no director residency requirements.
There are no significant differences in tax structure or legal liability between the two.
The main factors to consider are your business scope (whether you plan to operate in one province or expand across several) and the composition of your board of directors.
How long does the incorporation process take?
The typical timeline for a standard incorporation is 1-3 business days, though expedited services are available for urgent situations.
Federal incorporations may take slightly longer than provincial ones.
Our team manages the entire process efficiently to minimize delays, keeping you informed at each stage.
What ongoing requirements will my corporation have after incorporation?
Corporations must file annual returns, maintain a minute book, hold annual general meetings (or prepare written resolutions in lieu of meetings), file corporate tax returns annually, and comply with any changes to corporate legislation.
We offer ongoing corporate maintenance services to help you meet these requirements efficiently and avoid penalties for non-compliance.
Can I incorporate my business myself without professional assistance?
While self-incorporation is possible, professional guidance often provides significant value by helping you avoid costly mistakes in structure, share classifications, and corporate setup that could affect taxation and liability protection.
Our expertise ensures your corporation is optimally structured for your specific business goals, tax situation, and future plans.
What information do I need to provide for the incorporation process?
You’ll typically need to provide information about the proposed company name, business activities, registered office address, director and shareholder details, share structure, and initial officers.
Our streamlined process guides you through providing this information efficiently, and we offer consultations to help determine the optimal corporate structure for your specific situation.
How do I choose the right share structure for my corporation?
The ideal share structure depends on your specific business circumstances, tax planning needs, number of shareholders, and future plans for growth or exit.
It may include different classes of shares with varying voting rights, dividend entitlements, and redemption features.
Our team works with you to design a share structure that supports your business goals while maximizing tax efficiency and flexibility.