Shukla CPA
Shukla CPA

New Business Start-ups

Our experience has been that most new businesses get off on the wrong foot because of failure to be properly informed about all the issues.

We can save you a lot of time and trouble by pointing you in the right direction with sound and comprehensive advice that is easy to understand.

Choosing your organizational structure

In Ontario there are several ways to start a business: sole proprietorship, partnership or corporation. Before you decide, you should consider personal liability, business name protection, tax advantages and registration or filing costs. Each type of business has advantages and disadvantages. Call us and we can help you make an informed decision.

You’ll also have to consider business licensing, administration of books and records, bonding and insurance. As well, in dealing with employees you’ll need to consider federal payroll deductions and Ontario provincial regulations such as Workplace Safety and Insurance Board (WSIB) and Employer Health Tax (EHT).

If you are starting a new business, whether it is a sole proprietorship, partnership or a corporation, call us to discuss all the related issues. You’ll appreciate how our knowledge and experience can help you make better decisions about your business.