Quote:
Originally Posted by MaDMaN_26
A friend has to Incorporating herself in order to take a contract position and is getting confused about it all...
Does anyone know any good resources or FAQ's on how to do this... e.g. she was told she has to have stocks and she doesn't really want to deal with that but maybe she has to...
This forum always seems to have some experts hangin around so thought I'd see what came of it.
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She will have to have shares as does any incorporated company. However, this does not imply that she will have a public company (her stocks will not be traded on a stock exchange). Instead she can just make herself the 100% shareholder of the company and its no different than owning an unincorporated sole proprietorship (except the greatly reduced liability).
As said above, do the first two steps on your own, leave the rest to the accountant and especially when it comes to contracting, make sure you have a go-to lawyer if neccessary.