Recently, a lot of people contacted us about whether or not they should incorporate their small business. So, we are turning to our trusty Homeroom blog to provide you with handy tips and advice with weekly posts on just that: the ABCs of incorporating your business.
While there are many advantages to adding “Inc.” to your business name, there are also a myriad of risks when you take the Inc. plunge at the wrong time, including costly mistakes that can hurt you financially if you don’t fulfill all of your responsibilities with the Canada Revenue Agency (CRA).
In order to help you gain a better understanding of this topic we will discuss the following topics over the next few weeks:
Should I incorporate?
This post will discuss the costs involved, the criteria you should consider before taking the plunge and the common mistakes people make when deciding to incorporate.
I’m incorporated. Now what?
We will help you understand the process, what decisions you need to make and what reporting needs to take place.
How do I pay myself if I’m incorporated?
This topic is pretty self explanatory. Paying yourself is really important and once you incorporate you want to make sure you do it correctly.
We hope that our series on becoming incorporated will allow you to gain a better understanding of what being incorporated means for you as an individual business owner and for your business.
If you are considering becoming incorporated and would like to discuss your options face-to-face with Teya our business consultant and tax expert you can make an appointment in July by calling us directly on 604-739-9536 today or by requesting an appointment through our contact us page.
