1. This is not legal advice!
The only people who should provide legal advice are those licensed to practice law (in other words, only lawyers). This article is not legal advice. If you need legal advice, consult with a lawyer.
This article was written simply to inform you that it is possible to form a corporation or limited liability company without a lawyer.
2. Why use a lawyer?
First and foremost, if you make a mistake contains even who you sue? You have only yourself to blame. On the other hand, a lawyer insurance for errors and omissions.
Second, you can benefit from the expertise of your lawyer. Perhaps a company is not the right tool for you during your relationship. Be aware that there may be disadvantages and advantages of integrating. Your lawyer can consider commercial law, securities law, limited liability, tax factors, estate planning, share structure, and a myriad of other business considerations. Sometimes advice from a good lawyer can save you thousands of dollars.
3. Is it appropriate to include Yourself?
Is it advisable to perform surgery on yourself? It is illegal to perform surgery on someone else unless you are licensed to practice medicine, but perhaps in a wilderness survival scenario, self-surgery may be your only option. But performing surgery on yourself really a good idea in most cases?
Also that just because it is possible to incorporate even without a lawyer does not mean it is always a good idea.
In some jurisdictions, only lawyers can incorporate others. For an attorney or other person to incorporate a company for you could be considered unauthorized practice of law. Thus it may be legal to incorporate yourself but not others.
Some factors you may consider are: Am I really so short of cash, I can not spend the extra money for good legal advice that may save me thousands of dollars? I am confident that my situation is one that really does not need assistance from a lawyer to incorporate? Can the money saved on legal fees be better used in financing other aspects of my business?
Each person will have to make their own decision about whether to seek assistance from a lawyer to form a company.
"He who has himself a lawyer has a fool for a client." I have often thought that perhaps a law firm originated this common expression.
4. How to incorporate yourself
Many books have been written by lawyers on how to incorporate yourself.
For example, in
The same publisher sells forms and minute books and titles of incorporating in other provinces in
Forms, corporate supplies, name searches, and kits are available from legal channels and other sources.
In the
Sometimes useful information on this topic can be obtained from federal, provincial and state governments for free or nominal cost.
You can sometimes find incorporation manuals at your local library for free. Be careful. Legal manuals become obsolete very quickly. You might consider very seriously purchasing the most up-to-date manual available, it can also include helpful reference material on maintaining corporate minutes and other helpful suggestions on operating your business.
Buy appropriate advice and supplies and follow the instructions. With a little effort, you can save hundreds of dollars incorporating themselves without a lawyer.
