Starting a successful business
If you're contemplating starting up a practice, a firm financial footing often makes the difference between thriving and failing. Over 80% of start-ups fail in the first five years, most do to financing issues. Often avoidable issues.
Your business structure
We work with you to help you understand the pros and cons of your proposed business structure (incorporate, partnership or sole proprietorship).
We walk you through a two-page document Tax Tips for Consultants, which outlines the various business structures, what accounts need to be opened and the various expenses that are deductible for income tax purposes.
If you decide to incorporate, we can assist you with the incorporation. We help you register your business name by performing a name search, and handle the government paperwork for your incorporation.
Once the corporation is approved, we can assist with your application for a business number, and register your payroll and GST accounts with the Canada Revenue Agency.
Getting the financing you need
We work with you to determine your financing requirement, what assets you need to purchase and what expenses you can expect to incur.
We can also provide you with bookkeeping services, if you don't want to do them yourself.
If your practice is more complicated
If your requirements are complicated, such as starting up a mid-size business, the following might be of value to you:
We're experts in valuing health care practices. Ernie teaches this skill at the Canadian Memorial Chiropractic College (CMCC) and chiropractors and lawyers often refer clients to us who require a valuation of a business.
Contact us at 905-882-2100 or
300 John Street, Suite 500A, Thornhill, Ontario L3T 5W4