Incorporating your business is a critical step that provides numerous benefits, such as tax planning advantages, personal asset protection, and an enhanced professional image. At BARR LLP, our experienced lawyers offer comprehensive incorporation services to guide you through the process and ensure the successful establishment of your corporation in Alberta.
Incorporation offers the following benefits:
- Limited Liability: As a separate legal entity, a corporation limits your personal liability for business debts and obligations, protecting your personal assets in the event of legal claims or financial issues.
- Tax Advantages: Corporations enjoy certain tax benefits, such as lower corporate tax rates and access to tax deferral strategies. This can result in substantial tax savings and allow for more effective financial planning.
- Business Continuity: A corporation has a perpetual existence, meaning it continues to exist even if its shareholders, directors, or officers change. This provides stability and longevity for your business.
- Raising Capital: Corporations can issue shares to raise capital, making it easier to attract investors and finance business growth.
- Professional Image: Incorporating your business enhances its credibility and professional image, which can help attract clients, partners, and investors.
At BARR LLP, we provide personalized incorporation services tailored to your specific needs, including:
- Advising on the most suitable business structure: Our lawyers will carefully assess your unique situation and provide guidance on selecting the best business vehicle for your venture.
- Drafting and filing incorporation documents: We will prepare all necessary documents and file them with the Alberta Corporate Registry to create a validly registered corporation.
- Corporate governance: We can assist with establishing corporate governance structures, such as bylaws, resolutions, and shareholder agreements, to ensure your corporation complies with legal requirements and operates efficiently.
- Ongoing support and maintenance: We can provide ongoing legal support, such as annual return filings, updates to corporate records, and advice on changes to corporate structure.
Trust BARR LLP’s experienced lawyers to guide you through the incorporation process and set your business up for long-term success.
