Services
Startup and New Business Services
Your innovative business idea forms the heart of your new venture. We’re here to help you build a robust framework around the essential elements of a thriving business. Our guidance, accounting expertise, and collaborative effort ensure that you can focus on preparing your business operations to serve your customers optimally.
List of Services
We are your trusted guides through the startup process, empowering you to launch your venture confidently and cultivate a prosperous business. Our comprehensive services include:
Business Name Search and Registration:
Safeguard your chosen business name with a thorough search and registration process.
Business Structure Guidance:
Receive expert assistance in selecting the optimal business structure, whether it’s a proprietorship, partnership, or corporation.
Formal Business Registration
Navigate the formalities of registering your business and obtaining a business number.
Licenses and Permits
Identify the necessary licenses and permits for your business, and we’ll guide you through the registration process.
GST and PST Setup
Seamlessly set up your GST and PST numbers to ensure compliance with tax regulations.
Payroll and WorkSafe BC
Establish your payroll system and open your WorkSafe BC account, ensuring a smooth HR process.
Cost Assessment
Gain insights into the costs associated with both the initial setup and ongoing fixed operating expenses.
Accounting System Setup
We’ll assist in configuring your accounting system to support informed decision-making and compliance with record-keeping requirements.
Financial Projections
Collaboratively create revenue projections and evaluate variable costs related to your products or services.
Budgets and Financial Projections
Develop budgets and financial projections for your business plan, growth management, or loan proposals.
Getting Started in Business: A Step-by-Step Guide
Embarking on a new business venture is both exhilarating and challenging. To set yourself on the path to success, consider these key steps:
1. Self-Assessment
Begin by evaluating your readiness. Clarify your niche, skills, and financial situation. Define your unique selling points and target audience. Ensure you have the necessary funding.
2. Business Structure
Choose the right business structure, whether it’s a sole proprietorship, partnership, corporation, or cooperative. Register your chosen business name.
3. Craft a Business Plan
Develop a comprehensive business plan outlining your goals, strategies, target market, competition, and financial projections. Prepare a concise elevator pitch for potential investors and partners.
4. Business Registration
Depending on your location and business type, register with local, provincial, and federal governments. Obtain a business number and tax accounts.
5. Permits and Licenses
Identify and secure any necessary permits and licenses required by different levels of government.
6. Financing
As starting a business can be costly, explore financing options such as investors, lenders, or partnerships. Each option has unique challenges but can lead to success.
7. Hiring
If you plan to hire employees, understand and comply with employment standards, payroll taxes, and benefit planning regulations.
8. Location
Choose a convenient location for customers that meets zoning requirements.
9. Marketing Strategy
Develop a robust marketing plan to reach your target audience. Allocate funds for website development, SEO, and online marketing, including social media and networking.
10. Launch
After completing the necessary steps, it’s time to launch your business. The first year is crucial. Manage cash flow effectively and choose an accounting system tailored to your needs. Monitor progress and adapt your plans as required.
11. Self-Management
Effective time management is crucial. Make the best use of your time to ensure business growth and success.
12. Enjoy the Journey
Remember, it’s a journey filled with challenges and rewards. Ask the right questions, seek help when needed, and stay on the path to success.
Request Your Consultation
Are you an individual, business, or both? Take control of your financial future, and schedule a free consultation with our expert CPAs today.
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