Labour Day Special – How to Incorporate A Business In New Brunswick?

A Labour Day Special

How to Incorporate in
New Brunswick

In A world Where Contract Work is Becoming the New Normal

A Roadmap to Incorporation

It's not a good thing that full-time employment and life long positions are on the decline. People under the age of 40 are all to aware that the time of the 35 year company man is long gone! Now more and more we are moving into what is known as the "Gig" economy. Taking work with multiple employers or even just one but getting paid like a contractor. This isn't a great turn of events; however, there are certain advantages to incorporation, but you have to incorporate. That's what this post is meant to help you with. Especially, if you live in New Brunswick.

Corporate Registry
The first step of registering your company is visiting the corporate registry. In New Brunswick, you can do this by visiting your local Service New Brunswick office or their website.
Service New Brunswick
Nuans SEARCH
Once you completed all of the corporate registry documentation, submit it and pay the registration you'll be given a business number from the government. This is what is known as a numbered company. For many people this is fine for their purposes, but if you want to grow your brand, you'll need a company name, and to get one you'll have to do a NUANS Name Search.
Nuans
Business Banking
There are a ton of benefits that can come with owning your own business. Expenses for your cell phone, car, home office, and all the cool things you need in order to get your business off the ground. But the Tax-man will cometh and he will come with a vengeance if things are not adding up. So, Step 1) Open a business chequing and savings account. Taxes go into the savings account. 2) Get an accountant who knows their stuff. If you are in Northern New Brunswick here's a link to a great one!
Great Accountant Click Here
Articles of Incorporation
You don't necessarily need a lawyer, and it is by far the most expensive part of this process; however, it might be some of the best money you spend. A lawyer will prepare your minute book, handle your share allocation and help you out if you're in a legal jam.

In A world Where Contract Work is Becoming the New Normal

Of Course There's More To It

Every business is unique and there is a whole lot more required to set up your business. Do you need Work Safe NB Authorization? Liability Insurance? Tools or Equipment? These are all questions I can't answer for you without knowing more about your venture; however, if you follow the steps above, and sadly many don't, you'll avoid some pretty big pitfalls that befall a lot of first time entrepreneurs.

I hope this helped and if you want any more help you can always reach out to me directly.

Cheers!

Get In touch

(780) 231-6998

Address 4621 Main St Belledune

Email: sandenn@quinns-point.com

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