Starting a Business? Our List of Articles Will Help You Get Your Business Up and Running
Thinking of starting a business? There is a lot to do to get your business off the ground and running. First and foremost, we want to ensure sure that you pick the right business entity for your needs and goals. Is incorporation, sole proprietorship or partnership right for you? The articles below will help you understand the differences between the standard three business vehicles in terms of tax savings and other advantages.
But there is so much more to starting a business than choosing the right business structure —including setting up payroll, your working relationships with employees/independent contractors, getting insured, and more. If you are starting a business, read on so that you are positioned for success.
Let’s begin our journey to starting a business.
Looking at the Big Picture: What Do I Do First When Starting a Business?
How to start a business: A Step-by-Step Guide to Everything You Need to Know
Everything you need to know to start your own business
The article below will help you understand the services that Kalfa Law Firm provides in helping you set up your business: including determining which business entity is right for you, registration for licenses and permits, and tax planning services.
Incorporating/Starting a Business
Ensure that your business is firmly established with accounts and registrations.
Which Business Structure is Best for You?
This article looks at the advantages and disadvantage of a sole proprietorship vs a corporation in terms of its tax liability.
Which Business Structure is Right for You? Part I: The Sole Proprietorship
Of these, the most common forms of business arrangements are the sole proprietorship and corporation. We will begin our discussion with a closer look at the sole proprietorship.
What are the major benefits and drawbacks of operating your business through a corporation? This article will explain it all.
Selecting Your Business Structure: A Closer Look at Incorporation
A corporation is the most common form of business organization. It is a registered separate legal entity that can be operated by one or more persons.
Should you run your business through a partnership or a Limited Liability Partnership (LLP)? Here is a concise breakdown of the advantages and disadvantages of each to get a clearer idea of what is best for your business.
Selecting Your Business Structure: Partnership or LLP?
A corporation is the most common form of business organization. It is a registered separate legal entity that can be operated by one or more persons.
In Brief: Which Business Structure is Right for You? An Infographic Overview
(Click to enlarge)
If you choose sole proprietorship, you must first you register your business name. Read our article on everything you need to know about business registration to know what you must do when it comes to choosing and registering your business name. If you choose to set up a named corporation, in addition to conducting a name search and getting a NUANS report, you will also have to prepare Articles of Incorporation, a cover letter and an incorporation application to go along with your fee.
All About Incorporating a Business:
Our articles below describe the advantages and disadvantages of incorporation’s, advantages of and disadvantages of incorporating federally vs. provincially and determining your corporation’s residency to determine tax liability.
A Closer Look at Sole Proprietorship
What are the advantage and disadvantages of a sole proprietorship? This article will clue you in to the advantages and disadvantages of this particular business entity, from the positives of light regulatory burdens to the negatives of higher tax rates.
Should Your Business Be Run as a Sole Proprietorship?
A sole proprietor occurs when one person, acting alone, pursues a business endeavour with a view for profit. A sole proprietor is not a corporation, but must be assigned a Business Number (BN) from the CRA.
The Working Relationship Between the Employer and Employee
This article explains the difference between hiring an employee versus and independent contractor in terms of tax law. The CRA employs a two-part test to determine the status of your worker.
The Difference Between an Employee and Independent Contractor
Whether you are starting up a new business or manage an existing business, it is important to understand the distinctions between an employee and an independent contractor at law.
We hope you enjoyed and were informed regarding the most critical aspects of starting a business. Kalfa Law Firm is here to help you get your business up and running. Unlike other corporate lawyers, we care about your business and want to ensure that your business is set up for success. We want you to dominate your market, and we want you to pay as little tax while doing so. With years of experience in corporate law and tax law, Kalfa Law Firm is the corporate law firm for your business start-up and structuring needs.