Advisory

Start with a structure you understand.

We’ll tell you whether incorporating makes sense, then set it up properly from day one.

Is this the support you need?

For founders, self-employed people and professionals considering a new corporation or a change from self-employment.

Consider the business before the paperwork

Incorporation is one part of a broader decision. Explain who owns the business, how it earns income, whether profits will stay in the company and what changes you expect. A discussion of costs and ongoing obligations belongs alongside any potential benefit.

Separate accounting advice from legal work

Entity registration, tax setup, share structure, shareholder agreements and legal advice are not all the same service. Confirm exactly what Versa will handle and when a lawyer is needed. Do not treat a registration package as a substitute for a legal agreement between owners.

Plan the first year of administration

A new corporation needs a way to maintain records and manage reporting. Discuss separate banking, bookkeeping, payroll where relevant, program accounts and the first year-end. Agree on responsibilities so setup is connected to ongoing compliance.

What your engagement may include

Accounting and tax considerations for entity selection
Registration support within the agreed scope
Initial bookkeeping and program-account discussions
Coordination with legal advisers where needed

The exact scope, responsibilities and proposed fees are confirmed before paid work begins. Not every item is required for every engagement.

Bring a little context to the first conversation

Owners and their intended involvement
Business activities and expected operations
Existing business records, if applicable
Plans for financing or additional shareholders

A short summary is plenty to start. Records are only requested once you’ve engaged the firm, through the secure client portal.

Questions about incorporation

Will incorporating automatically reduce my tax?

No. Incorporation changes the structure and obligations of the business. The appropriate choice depends on your circumstances, costs and how funds will be used.

Does this include shareholder agreements?

Do not assume it does. Legal agreements and legal advice should be handled by appropriate counsel. Confirm the exact registration and advisory scope with Versa.

Related support

Tax