New Business Start-ups

Start your business off on the right foot!

Our experience has been that most new businesses get off on the wrong foot because of failure to be properly informed about all the issues.

If you are starting a new business, whether it is a sole proprietorship, partnership or a corporation, call us to discuss all the related issues. You’ll appreciate how our knowledge and experience can help you make better decisions about your business.

We can be your accounting department. If you are a new business, perhaps a start-up, then why not consider having us look after the details of your accounting information system. When you are ready to hire your own in house accounting team we will seamlessly transfer the system and data to your new team.

First, where do you start? You start with choosing what type of business. You can choose to start up a new enterprise, to buy an existing business, or to purchase a franchise. We can help you decide what’s best for you and we can walk you through each step of the process.

Choosing your organizational structure

In Ontario there are several ways to start a business: sole proprietorship, partnership or corporation. Before you decide, you should consider personal liability, business name protection, tax advantages and registration or filing costs. Each type of business has advantages and disadvantages. Call us and we can help you make an informed decision.

Considering business taxes, licensing and administration

Depending on the type and location of products or services being offered, federal, provincial and/or local business taxes may apply.

You’ll also have to consider business licensing, administration of books and records, bonding and insurance. As well, in dealing with employees you’ll need to consider federal payroll deductions and Ontario provincial regulations such as Workplace Safety and Insurance Board (WSIB) and Employer Health Tax (EHT).