Should you incorporate a company by yourself?

A question we often get is should I incorporate own corporation to save money? What could possibly go wrong? Don’t do it! We suggest seeking the services of a legal professional to process the incorporation documents for your new company. When a lawyer incorporates your company they provide a minute book with share certificates, director resolutions, articles of incorporations, shareholder registers and other specialized document regarding the new corporation. Sure, you will save money by going on the ministry of finance website and paying the required fee, but it is short sighted and incomplete. If some of documents are not properly prepared at the time of incorporation, you could be setting yourself up for a legal nightmare down the road. For example, when you incorporate yourself, nobody owns shares in company without specific legal documents prepared. Needless to say, this can be catastrophic down the road when you go to sell your business and don’t actually own any shares in your own corporation. We can refer you to legal professional which can provide the incorporation services online and for a reasonable fee. Contact us today!