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by Jeffrey S. Lowe B.Com. LL.B.
With all the do-it-yourself kits available, it's tempting to incorporate on your own. A lawyer, however, could help you avoid many pitfalls by
offering sound advice
preparing documents properly
maintaining accurate records
You need to know what your options are in setting up a company, and why to set it up a particular way. Consider what business you will do with the company, whether you will have investors or partners, where all the parties are residing, and who can be directors and officers. You may also want to explore tax-planning opportunities. Your lawyer should be able to advise you on all of these aspects.
Once you have determined what you need, you need to reserve the names, prepare the documents, then file them in the appropriate registry. Your lawyer can ensure that all the documentation is prepared properly, and give your company the flexibility for future plans as well as today's needs.
After the company has been incorporated, you will need to keep ongoing records and file annual reports to keep the company in good standing. Your lawyer can assist you in this, as well as in keeping the registered and records offices for the company.
article by Jeffrey S. Lowe B.Com. LL.B.
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