Whether your business operates as a sole proprietor or a corporation, choosing the right small business accountant is crucial for your success. Understanding the nuances of each business structure can significantly impact your financial management strategy. Here’s a step-by-step guide tailored for Alberta entrepreneurs to navigate this decision, integrating essential considerations for both sole proprietors and corporations. Step 1: Understand the Role of an Accountant for Your Alberta Business A small business accountant’s role extends … Read More
The Real Cost of Incorporating in Alberta: What You Need to Know
If you’re starting a business, understanding the true cost of incorporating in Alberta is crucial for protecting your company and maximizing potential benefits. With so many options for incorporation services available today, how do you know which one to choose? This article breaks down the real costs and key differences between the major options for incorporating in Alberta: do-it-yourself services, traditional law firms, and our alternative approach at allincorporated.ca. Learn how to navigate the incorporation … Read More
Benefits of Incorporating a Business in Alberta: A Lawyer’s Guide
In this article, we’ll explore in plain terms the benefits of incorporating a business in Alberta. We’ll look at how it differs from other structures, what incorporation means, and most importantly, how it can benefit you as a small business owner. This article aims to provide an overview of the subject in an easy-to-understand way. It is not intended as legal or financial advice. Let’s get started! What Does It Mean to Incorporate a Business? … Read More
When to Turn Your Side Hustle into a Full-Time Business
Side hustles have become very popular as a way for people to supplement their income. Especially with the rise of the gig economy and remote work. Many folks now have side gigs to bring in extra cash on top of their regular job. But when should you consider turning that weekend side venture into your own full-time business? In this article, we’ll provide guidance on evaluating when and how to make the leap from side … Read More
Guide to Limiting Liability for Business Owners
Disclaimer: This guide to limiting liability for business owners does not contain legal advice. The availability of different techniques for limiting legal risk will depend on the unique circumstances of your business. If you want to discuss legal questions related to your specific business, consider booking a consultation with an Alberta business lawyer. Introduction Starting a business can be exciting, but it also comes with its share of challenges. One of these challenges is limiting … Read More
Pros and Cons of Incorporating a Business
One of the biggest decisions facing new and aspiring entrepreneurs is whether to incorporate their business. There are important advantages and disadvantages to consider before taking this step. At allincorporated.ca, our incorporation lawyers provide easy and accessible online incorporation services to Alberta small business owners. In this guide, we’ll lay out the key factors to help you make the right choice.
How Much Does it Cost to Incorporate in Alberta? Compare the Prices.
It used to be that a law firm was the only place you could go to incorporate a company. The cost to incorporate was high, and consumers had very little choice. These days a business owner can choose to incorporate with a lawyer or incorporate directly with an authorized service provider (registry agent), either in a registry office, or online. Unfortunately, there is a lot of misinformation out there regarding the cost to incorporate a … Read More
10 Reasons NOT to Start Your own Business
Starting a business can be a very rewarding experience, both financially and emotionally. There are very few ways to become rich that don’t involve owning a business. But, owning a business is not a walk in the park, and shouldn’t be seen as an easy path to financial freedom. Here are 10 reasons why starting your own business isn’t always a good idea: 1. It’s a LOT of Work Owning a business requires a tonne … Read More
6 Key Questions to Ask Before Incorporating a Business
We’ve spent the past decade helping entrepreneurs to incorporate and set up their small businesses. Over that time, we’ve identified 6 key questions that most business owners ask, or wish they had asked, prior to incorporating. In this post we’ll review those questions and provide some answers. Taking a few minutes now to consider these issues could save you time, money, and stress down the road.Table of Contents Should I incorporate my business? Federal or … Read More