Keeping Your Corporation Current – Filing Your Annual Returns
You are the proud owner of a corporation, happily managing the day to day affairs. But are there are other things that you should be aware of? Section 268(1) of the Business Corporations Act (the Act) states that "every corporation shall, on the prescribed date, send to the Registrar an annual return in the prescribed form and the Registrar shall file it". What does that mean? An annual return confirms that the corporation is still active or in existence. It confirms that the registered office and records address are current, who are the current directors (and who are no longer directors) and who are the voting shareholders of the corporation. A corporate annual return is not be confused with your corporation's corporate tax returns – these are two separate and apart returns – one is for financial matters (your corporate tax return) and one is for legal matters (the corporate... Read more
Part II: Incorporation- To Incorporate or Not to Incorporate. I am Opening My Own Business!!!
You have made the decision to be the entrepreneur you have always wanted to be, to start up your business and make your fortune. Congratulations!!! But now what? You are so excited but... Read more
Part I: Sole Proprietorships- I am Opening My Own Business!!! To Incorporate Or Not to Incorporate
You have made the decision to go it on your own…to strike out on your own path and make your fortune. Congratulations!!! But now what? You are so excited but now all of... Read more
I am the Personal Representative of an Estate. Can I Pay Myself?
There is no question that taking on the task of a Personal Representative is time-consuming and can be emotionally charged, depending on the complexity of an Estate and the personalities you are dealing... Read more