New Business Now.com

Description

Our main goal is to provide service excellence in everything we do. Our friendly and knowledgeable staff has completed extensive training and development programs, and we pride ourselves in offering personal attention to every order. Our outstanding service extends to after-sales support as well. We offer post-formation telephone and email support at no additional cost, and we are always available to answer client questions or to provide copies of documents on file. Our staff can be accessed by phone, by email, or by using the contact form on our website.

We provide competitive pricing for all of our services. We have chosen to offer our services in packages with an all-inclusive fee structure in order to give you a better understanding of the various required and optional components in incorporating or registering your business. Some other incorporation services advertise a low base rate which covers only the initial incorporation/registration, and they then tack on additional fees for other services which may be required. When you compare our prices with other service providers it is important to look at the overall cost and inclusions.

In order to open a bank account for your business, you will be required to provide proof of your business name registration and photo identification. All authorized signing officers of a partnership must sign on to the account at the bank before they will be permitted to sign cheques or access the partnership’s business account. Your bank may have additional requirements. Please make appropriate enquiries and be sure to order an adequate supply of cheques, deposit books and other stationery imprinted with your business name and address.

You are personally responsible for every aspect of your business, from securing capital to establishing and operating the business. While such autonomy and self-reliance may hold appeal, you are also personally responsible for all debts and obligations related to your business. You assume all risks, accept all profits and losses, and pay all taxes, including income tax, on your personal tax return. This personal responsibility means that, should a creditor have a claim against your business, he or she would have a right against both your business and personal assets.

While many corporations are set up and run by one person only, there are several types of positions associated with all corporations. Shareholders are the owners of the corporation; they may receive distributions of corporate profits in the form of dividends, and they split the assets of the corporation upon dissolution. Shareholders elect directors whose job is to oversee the operation of the corporation for the benefit of the shareholders.

Fact sheet

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