3 Canadian Business Structures to Consider

To Incorporate or Not to Incorporate – Very Good Question

I’m frequently asked by new and current clients if they should incorporate.  In most cases the answer is not straightforward as there are a number of issues to consider;

  • Is your type of business vulnerable to lawsuits?
  • How much control do you want to have?
  • Are you planning to re-invest earnings into the business?
  • To what degree can you see your business growing?
  • Are you aware of the tax implications of the different ownership structures?

Below are the 3 Canadian basic business structures and their description, along with the Pros and Cons of each..

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5 Reasons to Outsource Your Bookkeeping

Hello and welcome to my Blog!  There are so many good reasons to outsource your bookkeeping.  Many business owners find looking after the financial side of their business to be a tedious and worrisome task.  Here are 5 great reasons to consider outsourcing your bookkeeping.

1)     Work ‘on’’your business not ‘in’ it.

It is extremely valuable for you to understand your financial statements, but you don’t need to be the one spending the time entering and reconciling.  That isn’t why you started your business, and it isn’t making you money. Focus on what you do best.

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