When starting a new business in Newfoundland, it’s essential to select the business structure that best supports your goals. Business structures are chosen for the most part to comply with tax law, which treats each type of structure differently. There are three types of legal structures for a business: Sole proprietorship, partnership (which is a […]
Tag Archives | Newfoundland Business Name Registration
Administrative requirements of Newfoundland Corporations
Your Newfoundland corporation must file certain documents with the Newfoundland Corporate Registries Office, including: articles of incorporation annual returns notices of any changes in the board of directors notices of any changes in the address of the registered office articles of amendment if changes to the structure of the corporation are made. Your Newfoundland Corporation […]
Newfoundland Corporations 101
Most people have heard that registering a new Newfoundland corporation provides “limited liability” — that is, it limits your personal liability for business debts. What you may not know is that there’s more to creating and running a corporation than filing a few papers. You’ll need to keep good records to handle the more complicated […]
Starting a Business in Newfoundland: Choose a business structure
Now that you have decided to start your own business in Newfoundland, you will have to determine what business structure or form of organization suits your needs. The structure of your business will depend on whether you want to run your business yourself or with a partner or associates. There are four main types of […]
Starting Your Business in Newfoundland Checklist
Where do I start? tasks to be undertaken resources Evaluate your idea Is your idea feasible? Can you make money from this venture? Market Research Test the viability of your idea by researching the market, industry, and competition Develop A Business Strategy This is an essential step and critical for the planning and success of […]
How to Register a Business Name in Newfoundland
When to register a business name in Newfoundland You must register a business name in Newfoundland if: it’s different than the registrant’s own full name if the registrant is an individual your business is a corporation operating under a name other than its corporate name your business is a partnership carrying on business under a […]