Business Start-Up: Turning your business idea into a reality
Starting a business? MLBS can help you get it off the ground.The initial consultation is free. It is here that we determine whether or not MLBS services would be possible, practical and cost-effective for your business
Proprietorship, Partnership or Corporation?
MLBS can help you choose what kind of business structure would be the best for you, choose a fiscal year and then help you get whatever you choose, set up.
Corporate Structure & Registration: We can set up your new company for you, or help you do it.
- How many, and what types of shares should you initially issue?
- Who will be your Chief Operating Officer?
- Who will make the ultimate decisions as to the direction of the company?
MLBS can help you with some of these decisions, register/incorporate the company, set up the various government tax accounts and help you get your decisions reflected in your corporate registration documents.
Partnership/Shareholder Agreements:
We can assist you with getting an initial shareholder or partnership agreement on paper. You can always change it later to better suit your circumstances, but when there are multiple persons involved you should have some mutually agreeable terms laid out on paper before you move personal assets into the company or begin operating.
Protecting Your Investment
Bringing cash, cars or other personal assets into the company? MLBS can help you maximize the tax benefit, personal protection and recognition of your personal contribution to the success of the business.
Canada Revenue Agency Registration:
- CRA Business Number
- GST Account
- Payroll Account
- Corporate Income Tax Account
- Import/Export Account
- Information Returns Account
MLBS can help you with this and help get you set up to file these returns online.
Chart of Accounts
MLBS can also get your accounting (Chart of Accounts) properly set up right out the starting gate so you can immediately begin to analyze your business' strengths and weaknesses; And get the information you need to file mandatory government returns; And set you up to easily file when tax-time comes.