Originally Posted by helen_gamble
Are you sure step 2 is unnecessary? Why do people do it then? Is it necessary for some other companies?
Because it seems scary so people are intimidated. My GF also did her own and she had no problem. The hardest part for her was dealing with the name because similiar named business already existed.
I'm actually doing a federal incorpoartion in the next few days. I'll report back with exactly the steps required.
There is also a PDF on the government site that is very informative and written for people with no legal training.
If I did register a numbered corporation, would I have an option of paying a fee and choosing a name later?
I'm 99.9% sure you can.
Also, if I do incorporate, should I be able to do all paperwork in the future by myself or will I need an accountant?
The paper work for keeping the corporation in good standing is $20 and filling out a online form so you can do that yourself.
Maintaining the records of the corporation again is something you can do yourself. Since you are the only shareholder it doesn't require much.
If you have a SO, children, grandparants, etc .. basically anyone who doesn't have any income of their own you can make them shareholders too and that allows for better tax planning. This is getting more complicated but still something that I think most people would understand.
The last part is doing the corporations taxes. If you could do this on your own or not depends on how comfortable you are with doing taxes. I don't think it is difficult. If you can do your own personal taxes for a self-employed person than it is the equivalent.
That is the guide I mentioned above.