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Frequently asked questions
A registered or individual business is a company of which you are the sole owner. There is no legal separation between the company and yourself. Which means that all profits or losses are your responsibility. This is the simplest and cheapest way to open a business.
An incorporation is a more complex legal form than the sole proprietorship. It is a legal entity separate from its shareholders. Thus the financial risks of the company will not directly impact the personal property of the founders.
If you incorporate your business, you do not need to file a registration application because that legal person is automatically registered when filing the application for incorporation in the business register.
If you are a physical entity who operates a sole proprietorship under your own name and first name, registration is optional unless your activity is retail tobacco seller or tanning salon. Sometimes registration is optional, but one of your potential customers may require that you be registered before mandating your services. In this case, registration may be relevant.
Although you can register yourself, it is always better to go through a lawyer who can inform, advise, and accompany you during all stages of creating your business. This can save you a lot of time and mistakes so you can start your business on the right foot.
Unless you ask for a change of lawyer, Neolegal provides an account executive lawyer for its business clients. That is, you will have a dedicated lawyer who will take care of all the consultations and requests of your company.
Neolegal's lawyers are all members in good standing of the Quebec Bar. They are chosen on their ability to provide the best advice quickly and easily.
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