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 | Northwest Territories Extra Provincial registration
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 […]