[vc_row full_width=”stretch_row_content_no_spaces”][vc_column][layerslider_vc id=”24″][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”50px”][vc_column_text]<\/p>\n
[\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df”][vc_empty_space height=”50px”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content”][vc_column width=”2\/6″ css=”.vc_custom_1523298315912{padding-right: 100px !important;background-color: #5f4f87 !important;}”][vc_column_text css=”.vc_custom_1537463217442{padding-top: 230px !important;padding-right: 40px !important;}”]<\/p>\n
Why should you incorporate your sole proprietorship?<\/span>[\/vc_column_text][vc_separator color=”custom” align=”align_left” border_width=”4″ el_width=”30″ accent_color=”#45f0df” css=”.vc_custom_1537462950449{padding-bottom: 230px !important;}”][\/vc_column][vc_column width=”4\/6″][vc_row_inner css=”.vc_custom_1523298118777{padding-top: 20px !important;}”][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n A corporation is a separate legal entity from your person. Meaning that in the event of a lawsuit or bankruptcy, your personal assets will be protected.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n The lifespan of your corporation is not limited to your existence. Your corporation can exists perpetually and be passed on from generation to generation.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n Having a corporation allows you to choose the way you want to pay out funds to your directors or shareholders, whether it is through salary, loans or dividends.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n Having a corporation allows you to raise capital by issuing shares to your friends, family, associates or investors. You are also more likely to secure a loan or investment because of the limited liability.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=”.vc_custom_1523298125157{padding-bottom: 20px !important;}”][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n Being a corporation allows to benefit from lower rates of income tax and can allow you to benefit from deductible expenses.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”]<\/p>\n \uf103<\/i><\/span><\/p>\n Having a corporation allows you to build credibility in your industry. You can even trademark your name and protect your brand.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text]<\/p>\n [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df” css=”.vc_custom_1523649570154{padding-bottom: 20px !important;}”][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/6″][vc_column_text css=”.vc_custom_1523299862719{background-color: #ffffff !important;}”][\/vc_column_text][\/vc_column][vc_column width=”2\/6″][lab_pricing_table plan_price=”$2,057.00″ title=”Sole Proprietorship to Provincial Incorporation Package” header_background_color=”#45f0df” header_text_color=”#ffffff” title_background_color=”#25ced1″ title_text_color=”#000000″ purchase_background_color=”#45f0df” purchase_text_color=”#ffffff” plan_features=”\u2713 Complete Radiation of Sole Proprietorship A handful of some of the industries we’ve worked with<\/p>\n [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df”][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=”1\/3″][vc_icon type=”linecons” icon_linecons=”vc_li vc_li-shop” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n Retail<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_icon type=”linecons” icon_linecons=”vc_li vc_li-t-shirt” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n Fashion & Design<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_icon type=”material” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n Food & Beverage<\/p>\n [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=”1\/3″][vc_icon type=”material” icon_material=”vc-material vc-material-phonelink” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n E-commerce<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_icon type=”material” icon_material=”vc-material vc-material-money_off” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n Not-for-Profit & Charities<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_icon type=”material” icon_material=”vc-material vc-material-account_balance” color=”custom” background_style=”boxed” background_color=”custom” size=”lg” align=”center” custom_color=”#ffffff” custom_background_color=”#5f4f87″][vc_column_text]<\/p>\n Real Estate<\/p>\n [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content” css=”.vc_custom_1523389709001{background-color: #45f0df !important;}”][vc_column width=”1\/4″][\/vc_column][vc_column width=”1\/2″][vc_column_text css=”.vc_custom_1523649430654{padding-top: 50px !important;}”]<\/p>\n [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#5f4f87″][vc_btn title=”Learn More” style=”custom” custom_background=”#5f4f87″ custom_text=”#ffffff” shape=”square” align=”center” link=”url:http%3A%2F%2Fchalatilegal.ca%2Fen%2Fknowledge-base%2F|||” css=”.vc_custom_1534864706631{padding-bottom: 50px !important;}”][\/vc_column][vc_column width=”1\/4″][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1523302936027{padding-top: 50px !important;}”]<\/p>\n Find As to your Qs<\/p>\n [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df” css=”.vc_custom_1523649049598{padding-bottom: 32px !important;}”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content” css=”.vc_custom_1523382416223{padding-right: 42px !important;padding-left: 42px !important;}”][vc_column][vc_tta_accordion style=”modern” shape=”square” active_section=”900000000000″ collapsible_all=”true”][vc_tta_section title=”How do you convert a sole proprietorship into a corporation in Quebec or Canada?” tab_id=”1535480364896-b8161e7e-6031″][vc_column_text]In order to convert your personal business into an incorporated company, we follow a two-step procedure:<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section title=”What happens to my sole proprietorship once I am incorporated?” tab_id=”1537462396497-b9ec25a7-6938″][vc_column_text]During the conversion process, we radiate your sole proprietorship. This means that we permanently close your sole proprietorship. For more information on the radiation of a sole proprietorship, you can visit our radiate a sole proprietorship<\/a> page.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”What are the benefits of having an incorporated business as opposed to a personal enterprise (sole proprietorship)?” tab_id=”1537461048868-dce69795-76e0″][vc_column_text]Having an incorporated business as opposed to a personal enterprise (sole proprietorship) comes with several benefits. Here are some of the main benefits:<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section title=”What is a corporation?” tab_id=”1523388080539-0744c53f-6328″][vc_column_text]A corporation is a legal entity that is created under Canadian or Provincial laws. A corporation is owned by shareholders and controlled by a Board of Directors. It can run a business, hire employees, sign contracts, conclude transactions…etc.<\/p>\n The principal advantage of incorporating is the limited liability of the shareholders. Corporations also benefit of various fiscal advantages that will allow you to better operate your business and increase your profits.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”What is a shareholder?” tab_id=”1523388080578-6ed954ef-bc4f”][vc_column_text]A shareholder is a person, company or institution that owns a share of a company’s stock. By owning a share of a company’s stock, the shareholder is able to reap the benefits of the company’s success or can be responsible for its losses.<\/p>\n In the event where a corporation has more than one shareholder, it is strongly recommended that the shareholders sign a unanimous shareholder agreement. A shareholder agreement is a contract between the shareholders that establishes rules and answers to various questions namely what happens if a shareholder wants to sell?, what happens if a shareholder dies? or what happens if a shareholder defaults?[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”What is a minute book?” tab_id=”1523388117677-c8dba870-c2af”][vc_column_text]A minute\u00a0 book contains a permanent and detailed record of a corporation’s rules, activities and decisions. It will contain resolutions of corporate minutes and meetings, a list of the shareholders and board of directors members, a securities registry and shareholder certificates. It will indicate the significant positions of the corporation and who has the authority to act in the name of the corporation.<\/p>\n Under Quebec and Canadian law, minutes book are mandatory and must be available at the corporate headquarters.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”What if I want to make changes in my business and need new resolutions in the future?” tab_id=”1535480496234-4e78b323-a4f9″][vc_column_text]In the future, if you want to make any changes to your business or if you need specific resolutions to update your minute book, we recommend visiting our corporate maintenance<\/a> and corporate resolutions<\/a> pages for more information or you can contact us<\/a> at the form below.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Where should I incorporate?” tab_id=”1523388135649-279e82db-67db”][vc_column_text]In order to determine the proper jurisdiction for your corporation, federal or provincial, ask yourself the following questions:<\/p>\n By doing this analysis, we will be able to better assess which jurisdiction is best suited for your corporation.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”How long does it take to convert my sole proprietorship into a corporation?” tab_id=”1535493468072-2d316824-c5cc”][vc_column_text]Radiating your sole proprietorship normally takes 24h. After that, we begin the incorporation process.\u00a0Incorporating a provincial business can take an average of 24h to appear at the Quebec Corporate Registry. As for a federal business, it can take between 24h-48h for the business to appear at the Federal Corporate Registry.<\/p>\n Finally, it normally takes our firm 3 days to produce your minute book.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Can I use the same business name as my sole proprietorship for my corporation?” tab_id=”1537462162667-c019ae12-4830″][vc_column_text]Yes, you can keep the same business name as your sole proprietorship. You will simply need to add a legal element to your business name (ex. Inc., corporation, limited, Corp….etc.)[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”I am incorporated. Should I be paying myself in salary or in dividends?” tab_id=”1528908781017-fa7f07b8-8ea7″][vc_column_text]If you pay yourself a salary from the corporation, you will also be paying a contribution which in exchange will provide you with certain social benefits like pension, maternity and paternity benefits. If you plan on having children in the future, this can be an advantageous option.<\/p>\n On the other hand, if you pay yourself in dividends, you only pay taxes on the amount distributed without having to pay for any contributions. Therefore, any excess capital remaining in the corporation can be reinvested.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Can I add a business partner to my incorporated business?” tab_id=”1537462258527-cbf13916-2620″][vc_column_text]Yes. You can add a business partner to your newly incorporated business that was not part of your original personal enterprise.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”I will have a business partner in my corporation, do I need a partnership agreement?” tab_id=”1536355154882-c677456f-0b84″][vc_column_text]Yes. If you have a business partner, it is crucial to have a partnership agreement in order to protect yourselves and the partnership. We suggest visiting our partnership agreement<\/a> page for further information.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”What is the difference between a salary and a dividend?” tab_id=”1528908283338-377e8be0-3122″][vc_column_text]A salary is a fixed compensation paid periodically to an employee for the services and work rendered.<\/p>\n On the other hand, the dividend is the distribution of profit made by a company to its shareholders. All surplus in profits made by a corporation can either be reinvested into the company or be distributed to its shareholders as a dividend.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Do I need a lawyer to incorporate?” tab_id=”1523388152433-2591f92e-10dc”][vc_column_text]Yes, the incorporation process requires the drafting of various legal documents and having an attorney draft those documents for you would be highly recommended.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_empty_space][\/vc_column][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n Request a consultation via the form below<\/p>\n [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df”][lab_contact_form name_title=”Name.” email_title=”Email.” message_title=”Message.” show_subject_field=”yes” subject_title=”Phone.” submit_success=”Thank you, message sent!” alert_errors=””][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":" [vc_row full_width=”stretch_row_content_no_spaces”][vc_column][layerslider_vc id=”24″][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”50px”][vc_column_text] Our full conversion service for businesses. [\/vc_column_text][vc_separator color=”custom” border_width=”4″ el_width=”10″ accent_color=”#45f0df”][vc_empty_space height=”50px”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content”][vc_column width=”2\/6″ css=”.vc_custom_1523298315912{padding-right: 100px !important;background-color: #5f4f87 !important;}”][vc_column_text css=”.vc_custom_1537463217442{padding-top: 230px !important;padding-right: 40px !important;}”] 6 Benefits of Incorporation.\u00a0 Why should you incorporate your sole proprietorship?[\/vc_column_text][vc_separator color=”custom” align=”align_left” border_width=”4″ el_width=”30″ accent_color=”#45f0df” css=”.vc_custom_1537462950449{padding-bottom: 230px !important;}”][\/vc_column][vc_column width=”4\/6″][vc_row_inner css=”.vc_custom_1523298118777{padding-top: 20px !important;}”][vc_column_inner width=”1\/3″][vc_column_text css_animation=”slideInRight”] Limited Liability…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-13686","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/pages\/13686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/comments?post=13686"}],"version-history":[{"count":21,"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/pages\/13686\/revisions"}],"predecessor-version":[{"id":14821,"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/pages\/13686\/revisions\/14821"}],"wp:attachment":[{"href":"https:\/\/chalatilegal.ca\/en\/wp-json\/wp\/v2\/media?parent=13686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Limited Liability<\/span><\/h1>\n
Perpetuity<\/span><\/h1>\n
Flexible Payout Options<\/span><\/h1>\n
Flexible Financing Options<\/span><\/h1>\n
Tax Benefits<\/span><\/h1>\n
Build a Brand<\/span><\/h1>\n
Shop Our Packages.<\/span><\/h1>\n
\n\u2713 Complete Filing of All Overdue Annual Returns for Your Sole Proprietorship
\n\u2713 Complete Provincial Business Incorporation
\n\u2713 Statutes and Articles of Incorporation
\n\u2713 Initial Corporation Organization
\n\u2713 Corporate Minute Book
\n\u2713 Nomination of the board of directors
\n\u2713 Capital stock
\n\u2713 Corporate by-laws and resolutions
\n\u2713 Registration of QST and GST tax numbers
\n\u2713 Share certificates
\n\u2713 Government Filing & Registration Fees” plan_description=”starting at “][\/vc_column][vc_column width=”2\/6″][lab_pricing_table plan_price=”$2,381.00″ title=”Sole Proprietorship to Federal Incorporation Package” plan_features=”\u2713 Complete Radiation of Sole Proprietorship
\n\u2713 Complete Filing of All Overdue Annual Returns for Your Sole Proprietorship
\n\u2713 Complete Federal Business Incorporation
\n\u2713 Search and reservation of Name (NUANS Report)
\n\u2713 Statutes and Articles of Incorporation
\n\u2713 Initial Corporation Organization
\n\u2713 Corporate Minute Book
\n\u2713 Nomination of the board of directors
\n\u2713 Capital stock
\n\u2713 Corporate by-laws and resolutions
\n\u2713 Registration of QST and GST tax numbers
\n\u2713 Share certificates
\n\u2713 Registration of a federal corporation in Quebec
\n\u2713 Government Filing & Registration Fees” header_background_color=”#45f0df” header_text_color=”#ffffff” title_background_color=”#25ced1″ title_text_color=”#000000″ purchase_background_color=”#45f0df” purchase_text_color=”#ffffff” plan_description=”starting at “][\/vc_column][vc_column width=”1\/6″][vc_column_text css=”.vc_custom_1523299862719{background-color: #ffffff !important;}”][\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text]<\/p>\nWho we help.<\/span><\/h1>\n
Ambitious business but small budget?<\/span><\/h1>\n
Discover our resources section. You’ll find videos, guides and contracts to guide you through the legal of your business.<\/span><\/h1>\n
Learn and copy the techniques we use for our clients and use them to protect your business.<\/span><\/h1>\n
Frequently Asked Questions.<\/span><\/h1>\n
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Ready to go?<\/span><\/h1>\n