Incorporate Your Federal Corporation Online in Minutes. Just Answer some Questions with a few clicks. Our Online Incorporation service simplifies your Federal Corporation set up with our easy-to-use online platform.
Regular: This structure is applied when a single individual is the sole shareholder. It prevents the issuance of shares to friends or family members, either now or in the future, without granting them administrative rights.
Two Class This structure is commonly used and enables the owner(s) to hold two types of shares: voting and non-voting. It also permits friends or family members to own non-voting shares, either now or in the future.
Custom: This structure is used to tailor the share structure according to specific preferences. It allows for the categorization of shares into various types, such as common, preferred, voting, non-voting, and more. Additionally, it enables the inclusion of custom clauses in the articles of incorporation.
A Federal Numbered Corporation can be ready in 1 hour.
Corporation's Name Rules in Canadian All Provinces except Quebec:
Generally, a name should have two elements: 𝐃𝐢𝐬𝐭𝐢𝐧𝐜𝐭𝐢𝐯𝐞 and 𝐃𝐞𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐯𝐞.
The 𝐃𝐢𝐬𝐭𝐢𝐧𝐜𝐭𝐢𝐯𝐞 element can't be a common English word, it has to be unique or made-up
words. For example, " Joseph Restaurant Inc". In this name 'Joseph '
is the 𝐝𝐢𝐬𝐭𝐢𝐧𝐜𝐭𝐢𝐯𝐞/𝐮𝐧𝐢𝐪𝐮𝐞𝐞𝐥𝐞𝐦𝐞𝐧𝐭.
While the 𝐃𝐞𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐯𝐞𝐞𝐥𝐞𝐦𝐞𝐧𝐭 can be common English words. An example is "Joseph Restaurant ".
'Restaurant' is the 𝐃𝐞𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐯𝐞𝐞𝐥𝐞𝐦𝐞𝐧𝐭.
A Canadian physical address is required to Register Corporation in Canada,
where the government will send documents. If you do not have a physical address
in Canada, you can use our Registered Address Service that includes mail
receiving and forwarding.
Note: Our website allows only 5 directors, if you want
to add more than 5 directors, you may call or email us to place a customized
order. But for now, you can place an order with these five directors.
An incorporator is the responsible person for organizing and incorporating
a corporate entity. It is typically the head of the organization. An
incorporator may be a director or not. Once the filing is complete the
incorporator's function is usually finished. After that the management of the
corporation is performed by the directors.
If you are doing corporation on behalf of a client, you may mention here
their the name. This is for government's records. We only contact the billing
person that mention in our website form. We don't contact your clients. You can
write your details in the billing.
Minute book is detail records & documents of an
incorporated company’s structure and activities. According to corporation act
Minute book is MANDATORY. It must be updated every year as part of the
incorporation’s Annual Return to maintain its legal structure and include
By-laws, Articles of Incorporation Any amendment, Resolutions and minutes,
Shareholder and share transfer registers, Directors & Officers Registers,
Notices that have been filed. If a business does not have them or keep them up
to date, fined by the CRA as part of an audit. Banks might decline to give
loans and any potential future sale of their business or assets could be in
jeopardy or face extensive and costly legitimate deferrals. This Minute book
prepared by our legal and accounting team
If you skipped these
sections, you cannot add Corporation's officers, their designations (CEO,
President, etc.), share classes, share prices, shareholders' names, percentage
of ownership, and by-laws are part of the Minute book.
If you want to proceed,
click Next or Previous to add Minute Book.
A business email address and domain help you create a professional image
and gives your business instant credibility. We are an agent of domain
registration we can instantly reserve a domain for your company (example: www.companyname.ca or www.companyname.com. If you do not reserve your domain today might be
your competitors will reserve, it and kick away you from competitions.
Share certificateis written document signed on behalf of a corporation that serves as
the legal and official proof of ownership of corporation. It's a highly
recommended items if you have more than one shareholder. You can customize your
share certificate in our website as per your need basis. Which could be used in
future in case you add any other person (such as spouse, child, friend) as
shareholder. Some time share certificate is required show many purposes such as
bank, contract and agreement and so on.
What is Sharecertificatefolder and why you need?
When you
issue share certificates they need to be protected and secured. A Share
certificate has great history behind it.
Don’t lose your that history just by storing your certificates in a box
or in sleeves with plasticizers that will damage your old share certificate.
Sometimes,
replacing a share certificate is a complex process in some cases, the company
issuing shares may require a resolution confirming the replacement of the
certificate from the board of directors. Our Share Certificate Folder will safe
your share certificates storage and display.
What is Synthetic paper?
Synthetic paper isbecomingpopular because of its great
durability, strength, and functionality. Moisturehasalwaysbeenaproblemwhenworkingwithtraditionalpaper. Eventhebest-laminatedmaterialscangetdamagedbywater, but Synthetic paper gets wet you can easily wipe the moisture off the surface. You
can even dip the paper in water without worrying about your print being damaged
in any way.
What is Wafer sticker:
Wafer seals stickers are self-adhesive that is used to emboss for seal on
Share certificate or other corporation important documents securely without
glue.
Note:If you want to add more than 5 shareholders, you may need to place a customized order. For now, you can place an order with these five shareholders, and afterward, give us a call to convert it into a customized order.
Every
Federal corporation MUST do have at least one provincial registration of its
head office/Register office. This is REQUIRED by law to start & operate
business. You can't open bank account without provincial registration.
If you
want to register it later separately that will need a manual process and will
cost more money & time. Example:
Doing Ontario provincial registration together with federal costs only $120
while doing it latter costs $599
What is the Individuals with Significant Control (ISC) Register?
The ISC register is a document that contains information about each ISC, such as name, date of birth, address or address for service, date of becoming an ISC, description, etc. Starting May 4, 2023, Canadian corporations created since June 2019 under the Canada Business Corporations Act must keep a register of individuals with significant control (ISC), in compliance with the regulations of Bill C-86 for increased transparency.
Who can be an ISC, and What needs to do?
Individuals who own their own businesses are typically the only ISC because they own 100% of the business' shares. An ISC is an individual who possesses ownership or control over a corporation. This could include owning, directing, or controlling 25% or more of the shares individually or jointly with other individuals, having factual control over the corporation without holding any shares, or meeting a combination of these criteria. If the corporation has multiple shareholders and business owners, in which case, the corporation would need to contact anyone who owns shares or has a major influence on the business.
Who can access an ISC register?
Your corporation is not required to disclose its ISC register to the public. Your corporation must disclose the register to:
Bank: To open a bank account, you have to show who controls your corporation. ISC register is as proof of who owns and controls your business.
A Federal Corporation is a business structure that is incorporated under Canada Business Corporations Act (CBCA). Federal corporation allows to operate across all provinces and territories in Canada.
Type of Federal corporation?
There are two types of Federal corporation
The numbered and named corporation is a term used to describe a type of Canadian federal corporation.
Numbered vs. Named Corporation:
Numbered Federal Corporation
A numbered corporation is a unique number assigned automatically during the incorporation of a Federal Corporation. (e.g., 1234567 Canada Inc.). This type of corporation doesn’t have a specific name. Formation of a Numbered corporation is quick and straightforward. One of the benefits of numbered federal corporations is to set up it there is no need a Federal Nuans® Report or name pre-approval.
Named Federal Corporation:
This is the more common type of corporation. This Federal corporation has a specific and chosen name. Businesses often use name corporations that want a brand identity.
Registering a federal name corporation requires a Federal NUANS® Report to get name pre-approval to ensure the name is unique and meets regulatory standards.
What is Name Pre-approval?
Federal NamePre–approval is to use a federal corporation name in an application under the Canada Business Corporations Act (CBCA).
To get a Federal Corporation name pre-approval usualy we do two steps:
Federal Reservation Report :
To incorporate federal incorporation, at first we need to make sure your porposed Federal business Corporation name is available or not. Our every Federal Business Corporation package includes unlimited name pre-search to make sure you can obtain your desire Federal corporation name. These Federal Reservation Report or Nuans ® Name Search Report primarily checks the availability of your proposed name across Canada.
Name Pre-approval:
It is the second step, where the proposed federal business name is reviewed thoroughly to ensure it meets basic naming guidelines and is distinct from existing names.
Name Pre-approve step is primary step before submitting final incorporation information or other documents. In this stage Federal registry agent check your name availability. If name is available to use they will pre-approved and send a pre-approval request code.
Corporation’s Name Rules in Canada
When you choose a federal name corporation you must follow some specific rules and guidelines.
Distinctiveness: The name must be unique and distinguishable from existing corporate names and trademarks.
Descriptive Elements: It is recommended that a Federal corporation should have a descriptive element that will describe the nature of the business (e.g., “Consulting,” “Technologies”). Descriptive elements help to avoid confusion and there is a higher chance to get name pre-approval from Corporation Canada.
Legal Element: The name must have a legal ending like “Inc.,” “Ltd.,” “Corp.,” etc.
What is the Business activity type
Business Activity Type refers to the nature of work or operations your business will engage in to earn revenue. Typically, there are two main types:
Goods: Businesses that produce or sell tangible products. Examples include manufacturing, retail, wholesale, and construction.
Services: Businesses that provide intangible services. Examples include professional services (e.g., legal, accounting), healthcare, hospitality, and information technology.
What are your business activities
Explain what your business will do to generate revenue. For example: Educational services, or Food manufacturing, or Farm product merchant wholesalers etc.
How long it will take to Register a Federal Corporation?
The timeline depends on Federal corporation type. If it is numbered Federal Corporation, you will get your all corporation documents in just 1 Business Hour with Business Ontario.
If it is Name federal Corporation then-
Name pre-Approval and Federal NUANS Report: It will take 1-2 business days for name search and name pre-approval.
Filing Corporation: Once Federal Name Pre-approved the Business Ontario just takes 1 Business Day to incorporate your Federal Corporation.
What is director residency requirement of a federal corporation?
To incorporate a federal corporation at least 25% of the directors must be resident Canadians. For instance, If the corporation has fewer than four directors, at least one must be a Canadian resident.
Example: A federal corporation can have directors from various countries. If a federal corporation has four directors, at least one of them must be a Canadian resident to meet the 25% requirement.
Mandatory Extra-Provincial Registration: Every Federal corporation MUST do have at least one Extra-provincial registration of its head office/Register office. This is REQUIRED by law to start & operate a business. You can’t open a bank account without provincial registration.
