I have basic training in the fields of business, accounting, entrepreneurship, and many other skills. I wanted to know what steps I would need to take or requirements I would need to fulfill before being able to start a corporation or company in Canada. Thanks.
The first step, you should have good business plan, that should be attainable and focused to your business goal.
having a plan definitely would help, and some might say absolutely necessary as a first step. But don't do that if that is just going to overwhelm you and scare you away. Don't give me wrong, you need to have an idea, and probably do some research to give yourself some assurance that it could be profitable. But I don't think having a detailed plan at this point on paper is all that important. Instead go file the necessary paperwork, get incorporated, or LLCed or just get all the necessary permits and licenses. For me, I went to an accounting service to help me do that. Once that's done, you'll feel more committed and probably more motivated. At this point you can start detailing your plan, and proceed to step 1 of your plan.
Most Importantly - A Business Model that sounds profitable Secondly, Don't trust your business model blindly.
1. Business Plan 2. All Licenses required to setup a Legitimate firm in Canada 3. Tax Saving Help needed so do appoint a CA 4. Look for the Database of your prospective Clients > Hire a firm (well these kind of works are done where i am ) Let others add to this list now Ace Tuku
Yeah I'm looking for basically what steps I would need to take and how I would go about taking them you know?
Well there are 3 steps everyone must follow 1 You would have to choose whether you want to be incorporated under Federal or Provincial jurisdiction 2 You would have to determine a share structure 3 Preparing and filing the incorporating documentation which are.... Articles of Incorporation, The name of the corporation, The address of the corporation's registered office, The names and addresses of the corporation's firs directors, What, if any restrictions there are on the type of business the corporation can carry on or things it can do, The classes and number of shares the corp is authorized to issue and any rights or restrictions associated with those shares, Whether there are any restrictions on the right of the shareholders to transfer the shares http://strategis.ic.gc.ca/epic/site/cd-dgc.nsf/en/Home This link will help you out It's never ending and alot of work. I have the basic forms for Canadian Incorporation if you need them, let me know. Also I don't know where you live but I know in BC you can register online Have fun