What is 'Are you Incorporated' mean?
CANADAVISA.com Immigration Forum
November 28, 2014, 04:27:22 pm
   Home   Assessment Help Search Login Register RSS  
*
Welcome, Guest. Please login or register.
Did you miss your activation email?

 News
 
Pages: [1]   Go Down
  Print  
Author Topic: What is 'Are you Incorporated' mean?  (Read 12474 times)
gocanada963
Star Member
****

Posts: 167
Ratings: +8

« on: January 12, 2011, 11:21:16 pm »

Friends
I got an interview call and one of the questions was
- Are you incorporated, if given an offer to be incorporated are you willing to take it?

Can anyone throw some light on what does this mean? Thanks for your help.
Logged
thezieglers
Star Member
****

Posts: 116
Ratings: +3

« Reply #1 on: January 13, 2011, 09:29:06 am »

To be incorporated means to be able to bill your services as a cotnractor. They are asking you if you want to act as a contractor of theirs instead of a regular employee.

I don;t know how the process to be incorporated is, but I heard is not that difficult. I guess you could start here: http://sbinfocanada.about.com/od/incorporation/a/incorporate1.htm

Good luck.
Logged

exeemz
Member
**

Posts: 15
Ratings: +0

« Reply #2 on: January 13, 2011, 10:37:06 am »

You can register yourself using a name (given its available and acceptable, meaning no close match found in the search - mind you each search cost you some money), or a BN (Business Number). If you need this done quickly to not loose the opportunity of the job, get someone to do it quickly, depending where you live it could cost starting $500. One thing you must keep in mind is that once you register, you have to file corporate tax annually (based on the registration date of your business) even if you don't make a penny in the business, or you have to close the Business to avoid filing tax. This is separate from your personal income tax. Now there are different kind of registration, and you can get a lot of information by simple Google search. Get some advice if its worth registering, like if the contract is for couple of month etc. Its its not suitable check with employer if they would hire you directly probably on a lower pay rate. Best thing if you have no time, consult with some local Tax accountant or your own if you have one and does this kind of work (which most ppl do).

Good Luck, and congratulation.
Logged
gocanada963
Star Member
****

Posts: 167
Ratings: +8

« Reply #3 on: January 14, 2011, 03:01:27 am »

Thank You for the information.
Logged
Canadian Career Coach
Star Member
****

Posts: 164
Ratings: +14

« Reply #4 on: January 19, 2011, 10:20:15 am »

There is some more information on this page talking about being an independent contractor/consultant and being incorporated.  You can still be independent and not incorporate.  Most people don't incorporate if they are 1 person independents, as it can be costly, requires involving lawyers, accountants and filing annual business taxes.

http://careego.com/CareerResources/ContractWorkConsulting/ASoleProprietorship/tabid/309/language/en-CA/Default.aspx#

Logged

Canadian Career Coach is a Senior HR Consulting Professional who works for a Canadian Consulting firm with 15+ years experience in Career Coaching.  Regular career blogger and resume critique expert on www.careego.com
Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by SMF 1.1.10 | SMF © 2006-2009, Simple Machines LLC