When starting a new business in Prince Edward island, 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 […]
Tag Archives | Prince Edward Island Corporations
Administrative requirements of Prince Edward island Corporations
Your Prince Edward island corporation must file certain documents with the Prince Edward island 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 […]
Prince Edward Island Incorporation FAQ: Should I Incorporate?
A corporation in Prince Edward Island 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 […]
Starting Your Business in Prince Edward Island 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 Corporation in Prince Edward Island
By ecompanies on January 5, 2019 in Doing Business in prince Edward Island, Prince Edward Island Corporate Registry, Prince Edward Island Incorporation
A Prince Edward Island corporation is a statutory creature, created and regulated by provincial law (Prince Edward Island Business Corporation Act). In short, if you want the “privilege”—that’s what the courts call it—of turning your business enterprise into a corporation, you must follow the requirements of the Prince Edward Island Business Corporation Act. What sets […]