Be prepared: Law Firms as Registered Corporate Office
Low Cost Protection By Registering Your Corporate Office Right
Each corporation, either numbered company or named company, must have a registered office. The corporate registered office may be the primary location of the corporation, the home address of an owner or a law firm. The corporate lawyers at Kahane Law Office in Calgary, Alberta can act as your corporate registered office. Call now at 403-225-8810 for the protection you need.
Why a Law Firm Should Be the Corporate Registered Office
When a company is sued, there is a specified time period for the company to respond. If the company does not file its defense within that time period, often about two weeks, then the company can be noted in default. This means that the company loses the law suit.
Some small businesses have the primary residence as the corporate registered office. If the owner is on vacation, not diligent about checking mail or inattentive, the time frame for filing a defense may be missed.
The other advantage, when there are multiple shareholders, is that the minute books are available to the shareholders, as required under corporate law. If the corporate registered office is at someone’s home, then that person may have to open their home to other shareholders.
Some businesses are incorporated in other provinces. If your business is incorporated in another province, then you should have an Alberta law firm as a registered office. This is especially true if you have extra provincial registration into Alberta.
What Corporate Registered Office Lawyers do to Protect Your Company
When Kahane Law Office acts as your corporate registered office, we respond to any claim immediately. Even if the company owner(s) are not available, we can request an extension on the time so that the corporation is noted in default. If you want to keep your minute book and corporate registered office at home, you can appoint a law firm to be attorney for service. This gives you the same protection from litigation.
In addition to the above, lawyers are able to ensure that minute books are updated properly each year. Kahane Law Office also offers shareholder meeting services. At times shareholders require a neutral location to have their shareholder meetings. As the corporate registered office, we can arrange for our board rooms to be available for such meetings.
Finding a Law Firm to Act as Corporate Registered Office in Calgary, Alberta