When starting a new business in Nova Scotia, 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 […]
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Administrative requirements of Nova Scotia Corporations
Your Nova Scotia corporation must file certain documents with the Nova Scotia 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 […]
Nova Scotia Corporations 101
Most people have heard that registering a new Nova Scotia 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 […]
Starting a Business in Nova Scotia: Choose a business structure
Now that you have decided to start your own business in Nova Scotia, 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 […]
Nova Scotia Incorporation FAQ: Should I Incorporate?
A corporation in Nova Scotia is a legal “person,” which can be created under provincial business corporation act. As a person, a corporation has certain rights and obligations such as the right to do business and the obligation to pay taxes. Sometimes one hears of a law referring to “natural persons.”That is to differentiate them […]
Starting Your Business in Nova Scotia 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 Nova Scotia
When to register a business name in Nova Scotia You must register a business name in Nova Scotia 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 […]