NWT Professional Corporation Package

A professional corporation set up is done in two steps. In the first step, a name approval is obtained from the government and then in the second stage, registration is completed. We offer urgent, express and regular queues in both steps. When you select urgent queue, we file it in the fastest queue of the government. You can choose the speed in next page. Please note, total time = our filing time + government processing time.

You will get certificate, articles of corporation, by laws and minutebook in email first. These documents are sufficient to open a business bank account. You will receive hard (original copies) by post to your corporation's address.

Our agency is backed by our legal and accounting team. We prepare the articles of corporation, by laws and other documents. We are proud to incorporate thousands of companies since 2002 in Canada.

Absolutely no hidden costs. When you set up a corporation, there are many filings needed to be done. We offer all filing into a single place. Therefore, in next steps, we will offer those services. You have option to choose or not to choose. If you do not choose anything else, your price will remain as you see in the first page.

Being a OneStop shop, we offer pretty much all corporation related services. We are backed by our legal and accounting team. In Next steps, you will find options to choose options for name approval, service speed queue, CRA business number, corporate tax ID, GST account, payroll account, export-import account, WCB account, minute book, share certificates, corporate seal, domain name reservation and one year service support.

For a professional corporation, a name approval from the government is required. If you have already obtained it, you can upload it or we can obtain the name approval for you. Since, we are a member of Corporations Canada and provincial government, we have access to the corporate name database. We pre-check the name availability and only then submit to the government. If the pre-check shows conflicts, you have option to provide us more names (up to 3 times) at free of cost.

A professional corporation set up is done in two steps. In the first step, a name approval is obtained from the government and then in the second stage, registration is completed. We offer urgent, express and regular queues in both steps. When you select urgent queue, we file it in the fastest queue of the government. Please note, total time = our filing time + government processing time.

For a professional corporation, a name approval from the government is required. If you have already obtained it, you can upload it or we can obtain the name approval for you. Since, we are a member of Corporations Canada and provincial government, we have access to the corporate name database. We pre-check the name availability and only then submit to the government. If the pre-check shows conflicts, you have option to provide us more names (up to 3 times) at free of cost.

All professional corporation's name must end with the legal suffix "professional corporation". You can include it in the proposed name. If you do not include it, we will include this phrase after the name of corporation.

It is the location where business is located. It can be a commercial rented place or home address. It can't be a P.O Box, must be a physical address. CRA documents will go to this address.

Yes, these address can be changed later. In many cases when commercial place is not rented yet, residential address is given.

If you do not have a local provincial address, we provide registered address and mail scanning service. Please click, on the form where says, "If you don't have address in this province, click here"

Yes, you have the choice to renew it on an annual basis. Normally, the price remains same.

A director is the overall head of the corporation (i.e. the owner, the member of the regulatory body). You can add more than one director (up to 5) as long as they are eligible member of the regulatory body. Each director has equal power and control to the corporation. Please note, minimum 25% of the directors (1 of our 4) must be either Canadian citizen or permanent resident.

If you are doing corporation for a client, please do not write here your name. This place is the name of the primary owner of the corporation. We don't contact this person, rather we contact the person mentioned in billing address. You can write your details in the billing address during checkout.

Each director has equal power and control over the corporation. Second director can remove primary director and vice versa. Therefore, you may add additional director whom you trust. You may add a director at a later time as well. Please note, minimum 25% of the directors (1 of our 4) must be either Canadian citizen or permanent resident.

Yes. A director can be added or removed at a later time. That could be done through our website.

Director must be an individual who is 18 year old or more.

Incorporator is the person(s), under whose authority this corporation is being created. Typically, all the directors are the incorporators.

If you are doing for a client, you may choose 'all directors are incorporators'. We do not contact your clients, rather we contact the person in the billing address. You may write your details in billing address.

If you are incorporating a holding company, then you may choose the option, 'incorporator is another corporation'.

Yes, it's mandatory as per corporation act. The owners, shareholders, share structure and share class are defined in minutebook. If you do not select minutebook, the next step "Share & Shareholders" section will skip assuming you will do minutebook with another firm.

When you incorporate a company, the expenses are called business development expense which is tax creditable. Any spending you do after incorporation, is considered as operating expense which are not tax creditable. Doing it separately later is a manual process which cost more and takes longer time.

Anybody including an employee can be an officer to the corporation. It's not as important as of director. It's changeable later at any time.

Any designation is fine. It's more important for a big corporation. It's changeable later.

Yes, same person can be director, incorporator, officer and shareholder. Most new corporation starts in that manner and changes when it grows bigger.

This is just initial set up. It's changeable later when company becomes big. Most people use $1 as initial price.

These are weaker than class A. Most people don't issue it in the beginning. Some people issue in case they are selling some of their shares to others.

Yes, share price and share number can be changed any time. Now you are setting up just initial price, any number is okay since you don't know how company will perform.

If you are the only shareholder, any number is okay, 100% owned by you. Most people put 1. It's changeable later. If more than one shareholder, put proportionately.

Yes. You can add or remove sharehodler later at anytime.

Total share is calculated by adding up each shareholder's share number. Example: your share is 60, your spouse's share is 40. Then total shares = 60 + 40 = 100. In this case, you hold 60% and spouse holds 40%. If more than one shareholder and you want to assign in percentage, make total share number as 100.

Every corporation MUST have a unique business number from CRA. This is your 9 digit business identification number with CRA. This is a mandatory registration with CRA; either you do with us or any accounting firm.

Every corporation MUST have a corporate tax ID. This is similar to the SIN number of a person. To report corporation's income tax (even income is zero), Tax ID is required. It's a mandatory account (either you do with us or do in another accounting firm). Some people call it as RC number. Corporate Tax ID is a combination of your CRA business number with RC0001.

It's the initial set up for a GST/HST account with CRA. Every corporation must have a GST/HST account to collect GST upon sales. Customer's invoice or receipt must show the GST/HST number as well. Unable to collect GST/HST, may cause penalty by CRA. Many people call it RT number. A GST/HST account is a combination of your CRA number and RT0001.

Payroll account applicable in all cases. Even if you do not have employee, your own salary to be processed through payroll account. Please note, this is not payroll service, but the initial set up of payroll account with CRA. Many people call it RP number. A GST/HST account is a combination of your CRA number and RP0001.

If your business involves in importing or exporting physical goods, it is required. The government uses this account to process the customs clearance. Many people call it RM number. A export import account is a combination of your CRA number and RM0001.

Two major benefits. 1. Tax claimable: cost that occurs during business set up, is called Business Development Expenses, is tax claimable. Costs that occurs after business already registered, is called operational cost, is not tax claimable. These costs will occur at any way, since these are mandatory filing, therefore, it's wise to include in package.2. The default process is, these filing to be done together with corporation; hence, it's cheaper in package. To do this services later; there are manual forms and process; hence, costs more money and takes longer processing time.

We are an agent of global domain registration. After your company name gets approved, we can instantly reserve a domain in your company name (example: www.companyname.com)

It's workers' compensation board. If your corporation plan to have employees now or in future, it MUST register with WCB. We register and give you the account number and hook you with WCB authority. Please note, it does not cost monthly premium fees, rather WCB authority will advise on your eligibility of free program or fees.

Share certificates is the legal and official proof of ownership of corporation. You need it to show in any official purpose such as bank, contracts, mortgage etc. It's an absolute recommended items if you have more than one shareholder. We will send some blanks certificates as well which could be used in future in case you add any other person (such as spouse, child, friend) as shareholder.

Seal is a protection against fraudulent activity. It has legal value (by default defends) in case anybody create false docs or make false loan in your company name. It's highly recommended if your company has frequent transactions or provide receipt, invoices. It's also needed if you go for loan, mortgage, employment contract, service contract or any sub-contract.

It includes legal, accounting and corporation update services. Every new corporation receives notices from CRA, federal & provincial government, competitor business etc. As a small company, if you do not have your own lawyer and accountant, then our legal and accounting team here for you. It's a $399 dollar service, but only $99 with package.

Supplies (physical minute book, share certificate, corporate seal) will be shipped by Canada Post (expedited) and you will receive a tracking number in your email. Please note, this address is for shipping of supplies only. Government documents always go to corporation's address.