Most people have heard that registering a new Northwest Territories corporation provides “limited liability” — that is, it limits your personal liability for business debts. What you may not know is that there’s more to creating and running a corporation than filing a few papers. You’ll need to keep good records to handle the more […]
Tag Archives | Doing Business in Northwest Territories
Starting a Business in Northwest Territories: Choose a business structure
Now that you have decided to start your own business in Northwest Territories, you will have to determine what business structure or form of organization suits your needs. The structure of your business will depend on whether you want to run your business yourself or with a partner or associates. There are four main types […]
Northwest Territories Incorporation FAQ: Should I Incorporate?
A corporation in Northwest Territories 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 them […]
Starting Your Business in Northwest Territories 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 Northwest Territories
By ecompanies on March 26, 2019 in Doing Business in The Northwest Territories, Northwest Territories Startup
When to register a business name in Northwest Territories You must register a business name in Northwest Territories 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 on business […]