You are planning to start your own business. Suppose you choose to open a bed and breakfast. You have recreational property in Canmore - a small residential home. So your plan is to business to accommodate tourists When the business opens, profits rise substantially. But you don't want to do the hard work. So you hire Z as a director to handle the main responsibilities of the business - accounting, filing, maintenance of records, and notice.

1.How would you incorporate your business? (2 marks)

2.Which government has power to regulate a corporation? Which law governs? (2 marks)

Name 2 documents that are required to incorporate your business. (2 mark