You will need to decide on a business name for your corporation. The name cannot be used by any other corporation. A numbered company can be used in conjunction with an operating name.

A nuans report is needed, which shows the names of companies with similar names and verifies that the name is available to be used by the corporation

You need to know whether to incorporate federally or provincially. The decision will be based on where you will be doing business.

A professional should be used who specializes in incorporating businesses. This professional should not be limited to the legal aspect of incorporating the business but should also be familiar with personal tax planning and how it relates to the corporation.

Ownership of a corporation may be transferred through the sale of shares without substantially disrupting operations or creating the need for complex legal documentation.