The Essentials For Starting Your Small Business Corporation
FastStart Your Corporation is an essential companion to starting your new Canadian corporation. Designed with small business owners, startups, freelancers, and independent contractors in mind, this straightforward, easy to read resource simplifies starting a new corporation, giving you the tools and confidence to get it right from the start.
Inside, you’ll discover everything you need to know to embark on your corporate journey. Learn what’s crucial now and what to prepare for later, avoid costly mistakes, and save valuable time that you can dedicate to growing your business. FastStart Your Corporation is your step-by-step roadmap to building a strong and successful corporation.
Download your free Starting Your Corporation Checklist to simplify the process and ensure you don’t miss any steps
FastStart Your Corporation is an essential companion to starting your new Canadian corporation. Designed with small business owners, startups, freelancers, and independent contractors in mind, this straightforward, easy to read resource simplifies starting a new corporation, giving you the tools and confidence to get it right from the start.
Inside, you’ll discover everything you need to know to embark on your corporate journey. Learn what’s crucial now and what to prepare for later, avoid costly mistakes, and save valuable time that you can dedicate to growing your business. FastStart Your Corporation is your step-by-step roadmap to building a strong and successful corporation.
Download your free Starting Your Corporation Checklist to simplify the process and ensure you don’t miss any steps
FastStart Your Corporation is an essential companion to starting your new Canadian corporation. Designed with small business owners, startups, freelancers, and independent contractors in mind, this straightforward, easy to read resource simplifies starting a new corporation, giving you the tools and confidence to get it right from the start.
Inside, you’ll discover everything you need to know to embark on your corporate journey. Learn what’s crucial now and what to prepare for later, avoid costly mistakes, and save valuable time that you can dedicate to growing your business. FastStart Your Corporation is your step-by-step roadmap to building a strong and successful corporation.
Download your free Starting Your Corporation Checklist to simplify the process and ensure you don’t miss any steps
Who Should Read This Book?
You are currently self employed, have a sole proprietorship or a registered business. Your business is growing and you think it might be time to incorporate
You are contemplating incorporation, but not sure where to start. You have enough on your plate and don’t want to make your life more complicated.
You’ve consumed a lot of information about the differences between your current unincorporated set up and corporations, but some of it is conflicting and seems confusing.
You are earning more than you need for your living expenses and have been told that a corporation will help you reduce your taxes
You are building a product and want to make sure that your personal assets are covered in case of lawsuits.
You have been told that you need to set up a corporation in order to be hired as an independent contractor. Or you want to seem more professional.
You are developing a product or service that might eligible for grants and tax credits, but require a corporation to claim them.
Small businesses go by many names. This book is designed to help aspiring entrepreneurs, small business owners, startups, freelancers, independent contractors, business consultants, accountants, and legal professionals.
How FastStart Your Corporation Can Help
An examination of the benefits of incorporation over sole proprietorships, and whether incorporation is the right decision for your specific circumstances.
Advice on how to avoid being seen as an employee or a Personal Services Business which can result in significant penalties from Revenue Canada.
Guidance on specific questions that will come up during the incorporation process (even if you outsource it) so that you can make the best decision right from the start.
The best way to compensate yourself, via salary or dividends, and how to hire employees.
Rules for sales tax registration, why you should consider registering for GST/HST even if you don’t have any sales and guidance on the registration process .
A easy to understand overview of corporate small business taxes, so that you can leverage the tax benefits of having a corporation
The best way to set up your business accounting, ensuring you have a solid financial foundation from the start.
What you need to know about selecting the right accountant, emphasizing the qualities that matter most for your corporation's finances.
A dedicated section on incorporating in Quebec, addressing its unique requirements
And Much More
Questions You Might Have
“I can find this information online for free.”
While it's true that some information is available online, it’s often scattered and inconsistent. This book compiles everything you need in one place, ensuring accuracy and saving you countless hours of research.
“I don’t have time to read a book right now.”
This guide is designed for busy entrepreneurs. It’s concise, easy to navigate, and lets you quickly find the information you need without wasting time.
“I’m not sure if this applies to my specific situation.”
Whether you’re a small business owner, freelancer, or startup founder, the book covers scenarios tailored to different needs, including a special section for Quebec-based businesses.
“I’ll just hire an accountant to take care of everything.”
While seeking help is a good idea and in fact recommended, it's essential to understand the process so that you can spot potential mistakes, ask the right questions, and make more confident, informed choices. Relying entirely on someone else can lead to miscommunication or oversights that may have long-term consequences for your business.
“I don’t think I need to incorporate.”
Incorporation isn’t right for everyone, but understanding the benefits—like tax advantages and personal liability protection—can help you decide. This book lays out the pros and cons so you can make an informed choice.
““I’m not ready to incorporate yet.”
Even if you’re not ready to incorporate now, understanding the process and knowing when the timing is right can save you headaches later. This guide will help you prepare for the future.
“I’ve already started the process of incorporating.”
If you’ve started the process but feel unsure about certain steps, this book can help clarify the details, answer questions, and ensure you’re on the right track.
About Me
My name is Ronika Khanna. I’m a CPA and CFA , consultant and bestselling author of business books. My primary goal is to make finance and tax accessible to small business owners, thereby reducing the stress that comes from uncertainty and replace it with confidence and self assurance.
Over the years I have helped numerous business owners, consultants, startups and independent contractors with finance and tax relating to their corporations. I wrote this book, based on my fairly extensive experience, as a resource to help them navigate the complexities of starting and managing a corporation with confidence.