How to Choose a Small Business Accountant in Alberta

David van MoorselStarting a Business

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

When to Turn Your Side Hustle into a Full-Time Business

David van MoorselStarting a 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

David van MoorselIncorporation Questions, Starting a Business

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

10 Reasons NOT to Start Your own Business

David van MoorselStarting a BusinessLeave a Comment

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