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 Sole proprietorship registration
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 Business Name in Prince Edward Island
When to register a business name in Prince Edward Island You must register a business name in Prince Edward Island 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 […]