The million-dollar idea. It’s the holy grail of inventorship, the kind of thing that inventors and entrepreneurs spend their careers pursuing. But those that do manage to turn their efforts into a golden idea are often confronted with an uncomfortable reality: leveraging that invention for a profit … [Read more...]
How To Deal With Bankruptcy as a Small Business Owner
Considering bankruptcy is never easy. It’s one of the most important – and difficult - financial decisions you will ever have to make. An added worry for some indebted Canadians might be what happens to their financial situation if they are self-employed or running a small business. You may be … [Read more...]
When the Entrepreneur and Tax Man Meet
Starting a business can be exciting, but also incredibly nerve-wracking. While tax considerations are often a low priority, some commonly overlooked issues can cause significant headaches. Below we discuss some key general considerations. Specific advice from a tax professional is … [Read more...]
Steps to Starting a Business in Alberta
The information below is not legal advice and different steps or requirements may be necessary according to your specific situation. It is highly recommended that you speak with a lawyer if you are thinking about or are starting a business. STEP 1: CHOOSE A FORM OF BUSINESS The first step … [Read more...]
10 Common Mistakes When Launching a New Business
Launching a new business for the first time is not always easy. There many factors to take into consideration - whether financing, marketing, customer acquisition or dealing with legal issues. Many new businesses place legal concerns on the back burner due to costs and time constraints. They … [Read more...]
