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arcus-legal-blog-when-do-I-need-a-company-corporate-law-part-three

In Nova Scotia, you might consider forming a company for your business when:

1. Limited liability protection: You want to protect your personal assets from potential business debts and liabilities. By forming a company, the business becomes a separate legal entity, which means the owners (shareholders) are not personally liable for the company’s debts, except in cases of fraud or negligence.

2. Raising capital: If you plan to raise funds from investors or financial institutions, having a company structure can make it easier to attract investment. Investors often prefer to invest in a company because it provides a clear legal framework for ownership and profit distribution through shares.… [Read more]