Federal Incorporation From Only $19.99

Incorporate your federal corporation in Canada with BusinAssist in just a few minutes. Whether you are a small business or a multinational corporation, BusinAssist is committed to providing personalised and cost-effective solutions to incorporate your company in Canada.

As a leading provider of company formation services, we possess extensive knowledge of the federal incorporation process in Canada.

When you incorporate a federal corporation in Canada, you enjoy benefits such as limited liability, tax advantages, and a professional image.

What is a Federal Corporation?

A Federal Corporation operates under the federal government of Canada as opposed to the provincial or territorial authorities. Unlike provincially registered businesses a Federal Corporation can operate across the county in multiple provinces and territories.

Federal Incorporation vs Provincial Incorporation: What’s Best for Your Business

There are two major types of incorporating your company in Canada, that is federal incorporation and provincial incorporation. It is essential to understand the distinctions between these two forms of business incorporation.

Name protection: Federal incorporation imposes rigorous criteria before granting a company the right to utilise a particular name. Once sanctioned, the business gets a high level of company name protection throughout the entire nation, ranking just below trademark protection. In contrast, name protection under provincial incorporation is confined to the specific province or territory of incorporation.

Business reach: Companies incorporated federally can operate anywhere in Canada without limitations regarding the location of their head office, corporate records, or annual general meetings. In contrast, companies that are provincially incorporated are limited to operating in their province of incorporation only.

Recognition: Companies that incorporate federally are recognized worldwide as Canadian corporations. On the other hand, provincial incorporation lacks the same international recognition as federal corporations.

Online services: Federal incorporation facilitates online services for document submission, fee payments, and acknowledgments without the need for intermediaries. The processes for provincial incorporation can differ significantly from one province or territory to another.

In summary, federal incorporation offers more extensive name protection, a wider business reach across the country, and greater global recognition. One should do thorough research and find out all the nitty-gritties of the company incorporation process, consider the business requirements, and then decide the type of incorporation to use.

If you are ready with your decision, incorporate your business today with BusinAssist company incorporation services!

Documentation Required for Business Incorporation in Canada

• The proposed name of the business for incorporation
• A designated registered office address
• A NUANS report obtained within the past 90 days
• A detailed description of the business operations
• The names and addresses of all directors & shareholders
• Identity and proof of address documents for all directors & shareholders

Steps to Setting Up a Federal Company in Canada

Select a company name

your incorporation. You can either opt for a numbered name or a word name for your corporation. A numbered name is an unique number assigned to your corporation by Corporations Canada as your corporate name (For example, 87654321 Inc.). While a word name can include letters, symbols and numbers. Your proposed name must be distinctive and must not cause confusion with other names or trademarks. Also, the proposed name must not contain prohibited terms.

A corporate word name consists of three key components:

• Distinctive Element: The name should be original, imaginative, and unique, setting it apart from other corporations.
• Descriptive Element: This part conveys the nature of your business or industry, such as "Apicort Constructions" or "Kidzo Consulting."
• Legal Element: This will signify your company is legal, which is normally represented by the words “Corp.,” “Inc.” or “Ltd.”

A NUANS report must be obtained and submitted to Corporations Canada at the time of incorporation of a business with word names as their corporate name. The NUANS ( Newly Upgraded Automated Name Search ) reports a name search that has been compared with the Canadian databases, registries, trademarks, etc. for already existing corporation names, company names, or trademarks. This ensures that your chosen name is distinct from any other registered entities in Canada, including those incorporated at the provincial level.

Choose an entity

There are two major business structures in Canada:

Corporation: A corporation is a separate legal entity that shields its shareholders and owners from personal responsibility for the corporation’s debts. This limited liability means that shareholders do not own the corporation’s assets and are generally not held personally responsible for its obligations, except in specific exceptional circumstances. A corporation in Canada has similar legal rights as an individual, allowing it to own property, conduct business, borrow and lend funds, and initiate or be subjected to legal proceedings. As a distinct tax entity, a corporation must pay taxes on its profits.

Partnership: A partnership is formed when two or more individuals or entities jointly own a business and report their income on their tax returns. The partners may include a mix of corporations, trusts, or other partnerships that come together to pool resources and expertise. The partners will share in responsibilities along with profits and losses through the process of a formal agreement, which governs this collaboration.

Create your articles of incorporation

In Canada, the incorporation process relies on a crucial document: the Articles of Incorporation. This document explains the basic framework and laws of the company's framework after being established. It is usually filed before any provincial or federal government in Canada.

The flexibility in writing Articles of Incorporation allows you to cater to the needs of your business. You can customise the document to include:

• Your company's unique name and branding
• Details about share ownership and transfer restrictions
• The number of directors who will oversee the corporation's operations
• Any specific limitations or guidelines for your business
• Additional provisions that reflect your company's distinct goals and objectives

You can make sure that your new business is well-planned and meets all the necessary legal standards by carefully drafting your Articles of Incorporation.

Establish a registered office address and appoint directors

All businesses that incorporate in Canada are required to maintain a registered office address. You need to set up a primary registered office and designate at least one director; however, you may choose to appoint additional directors as well.

The registered office serves as the location where all official documents for the company are sent.

You must submit the names and addresses of the directors while also indicating their residency status in Canada. It's essential to ensure that all directors fulfil the necessary eligibility requirements.

Additionally, you must file information regarding individuals who have significant control over the corporation, which may include shareholders, directors, or officers.

Registration

After gathering all the necessary documents, you can submit them to BusinAssist, and we will assist you in incorporating your company online.

Once your company application is approved, we will send you:

• Certificate of Incorporation
• Articles of Incorporation
• Initial Registered Office Address and First Board of Directors
• Corporate Information Sheet
• Extra-provincial Registration (if applicable)

Get in touch with us today. With our help, you can incorporate your company and have a wide range of business opportunities in the Canadian market. Welcome to your ultimate partner for actualising your dream of being an entrepreneur!