Incorporate your business and unlock its full potential with BOMCAS Canada's expert incorporation services. Our professional tax accountants help you navigate the process and provide support throughout.
At BOMCAS Canada, we understand the importance of proper incorporation for businesses and can assist you in deciding the type of incorporation that will be most beneficial for your specific business activities. Our business incorporation services are available to business owners throughout Canada.
Why Incorporate?
Incorporation is a key long-term business strategy that protects personal assets from business debts and legal issues. Incorporation also offers a number of benefits, including limited liability, ease of raising capital, and potential tax savings.
Professional Corporations
In certain industries, professional organizations allow their members to register ventures through a corporation, known as a ‘Professional Corporation.’ These types of corporations operate just like regular corporations, but are restricted to providing specific professional services. Some examples of professionals that can create these corporations include dentists, pharmacists, doctors, lawyers, and more.
Benefits of Incorporating
Limited Liability: Incorporation limits the personal liability of business owners to the amount of their investments in the company.
Continuity: An incorporated business can continue to operate even if the current shareholders leave, die, or the ownership of the company changes.
Ease of Raising Capital: Corporations can raise additional capital through equity financing, such as selling shares to venture capitalists or angel investors.
Tax Savings: Incorporated businesses are subject to more favorable corporate income tax rates, which can lead to significant savings to finance operations and future growth. In addition, incorporated businesses can also allow for income splitting among family members, leading to further tax savings.
Why Choose BOMCAS Canada?
Incorporating your business with BOMCAS Canada is a smart choice for protecting your personal assets, growing your business, and saving on taxes. Contact us today to learn more about our incorporation services.
Incorporation provides several benefits, including limited liability protection, ease of raising capital, and potential tax savings. It also allows the business to continue operating even if the ownership changes.
The most common types of incorporation in Canada are federal incorporation and provincial incorporation. Federal incorporation allows the business to operate in any province, while provincial incorporation is specific to the province in which it is incorporated.
A professional corporation is a specific type of incorporation that is available to certain professionals such as lawyers, dentists, and doctors. It operates like a regular corporation but is restricted to providing specific types of professional services.
he steps involved in incorporating a business include choosing a business name, filing articles of incorporation, obtaining any necessary licenses and permits, and registering for taxes. Our professionals at BOMCAS Canada will guide you through the process and help you navigate any necessary paperwork.
Our team of professional tax accountants at BOMCAS Canada can assist you with every step of the incorporation process, including choosing a business name, filing articles of incorporation, and registering for taxes. We also provide ongoing support and guidance to help ensure the success of your newly incorporated business.
We want to know your needs exactly so that we can provide the perfect solution. Let us know what you want and we’ll do our best to help.