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Small Business

45signIf you are considering opening your own business, or are interested in advice concerning an existing one, or the purchase of one, advice is available in all areas including Sole-Proprietorship, Partnership, and Incorporation. Our clients are involved in virtually every sector of the economy, both public and private, from lumbering, trucking, manufacturing and basic industry to retailing, real estate, construction, health care, information technology, financial and other services organizations.  Please see a partial list on the links page.

Registration of name, leases, licenses, agreements/contracts should all be considered, examined carefully, and completed with care.

You can register your business name online at this Ontario Government site Ontario Business Registration [Please note that this page can be somewhat slow to load]

Incorporation can provide a number of advantages:
    1. Limiting personal liability of the owners for certain acts and obligations of the Company.
    2. Perpetual succession of ownership.
    3. Income tax savings resulting from favourable treatment accorded to Corporations by law.
    4. Ease of transfer of shares.
    5. Ability to use the Corporate structure for the raising of capital.
    6. Closer control of business affairs.
    7. Share structure and shareholder's agreements can be drafted to protect you and your investment.

    Special Notice Filing
    The Ontario Ministry of Consumer and Commercial Relations in 1992 sent Notices requiring Ontario corporations to file an Annual Return with respect to its corporate information such as names of directors, officers, and business address. It is possible that if your corporation has neglected to file its Special Notice or any of the Annual Returns with the Ministry of Consumer & Commercial Relations, your company has been or will be automatically dissolved by the government. The dissolution of your corporation has very significant legal implications. Most importantly, if you are a director or officer you may be personally liable for your corporation's debts and liabilities since the date of dissolution. Contact The Law Office of J. Bruce MacNaughton to revive your Corporation.
Please note the local links which are very helpful to those with , and considering, business in the Kingston area.

For more information, please contact: bruce@macnaughtonlaw.com

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