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03-01-2012, 01:28 PM
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#1 | | My name is PJ and I like dogs.
Join Date: Aug 2010 Location: Vancity/Toronto
Posts: 3,180
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| Any business owners on RS?
Anyone here a business owner, or personally know one? Specifically a corporation, or has had experience with incorporating.
If you're in here, shoot me a PM. I'd like to pick your brain. I've got a steakhouse dinner and all the beer you can drink waiting for you. 
__________________ Studies show 100% of people die.. Might as well have some fun.
Hello my name is PJ. Buy/Sell Feedback 1-0-0 | 
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03-01-2012, 02:21 PM
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#2 | | Need to Seek Professional Help
Join Date: Mar 2007 Location: Richmond
Posts: 1,098
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I just recently incorporated my own company. Very easy process.
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03-01-2012, 02:52 PM
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#3 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,626
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Agreed. Steak and beer would be great but better to just spend that money on your incorporation documents. A lawyer can handle it for a few hundred bucks.
Start reading here: https://www.corporateonline.gov.bc.c...tml/index.html
Mark
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I'm old now - boring street cars and sweet race cars. | |
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03-01-2012, 03:04 PM
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#4 | | Revscene.net has a homepage?!
Join Date: Feb 2005 Location: Vancouver
Posts: 1,296
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| Quote:
Originally Posted by lowside67  | +1
Don't cheap out on the lawyer/consulting costs for this. They can help you with your annual filing and stuff. Not exactly sure what you're planning to do, but it saves you lots of grief by paying a couple hundred bucks for someone to deal with it.
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03-01-2012, 03:36 PM
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#5 | | My name is PJ and I like dogs.
Join Date: Aug 2010 Location: Vancity/Toronto
Posts: 3,180
Thanked 1,683 Times in 532 Posts
Failed 26 Times in 20 Posts
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Thanks a lot, guys. Much appreciated.
The gist is, a friend and I have been making a solid second income for a while, re-branding and re-selling certain speciality products. It started out as a bit of an experimental market test, but volumes started steadily increasing. We figured it's time to do it properly before things started getting too out of hands.
__________________ Studies show 100% of people die.. Might as well have some fun.
Hello my name is PJ. Buy/Sell Feedback 1-0-0
Last edited by PJ; 03-01-2012 at 03:45 PM.
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03-01-2012, 03:48 PM
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#6 | | Revscene.net has a homepage?!
Join Date: Feb 2005 Location: Vancouver
Posts: 1,296
Thanked 522 Times in 194 Posts
Failed 87 Times in 37 Posts
| Quote:
Originally Posted by PJ Thanks a lot, guys. Much appreciated.
The gist is, a friend and I have been making a solid second income for a while, re-branding and re-selling certain speciality products. It started out as a bit of an experimental market test, but volumes started steadily increasing. We figured it's time to do it properly before things started getting too out of hands. | You definitely need to get some type of legal advice. When you have more than 1 person involved, this paperwork is the least of your concerns.
I know you can get a lawyer or accountant to help you incorporate. Get everything crystal clear on paper because you don't know what happens in the future.
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03-01-2012, 04:47 PM
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#7 | | RS has made me the bitter person i am today!
Join Date: Apr 2002 Location: In your head
Posts: 4,591
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| Quote:
Originally Posted by PJ Thanks a lot, guys. Much appreciated.
The gist is, a friend and I have been making a solid second income for a while, re-branding and re-selling certain speciality products. It started out as a bit of an experimental market test, but volumes started steadily increasing. We figured it's time to do it properly before things started getting too out of hands. | Incorporating is the least of your worries and is something that any competent adviser could do.
What you should be concerned with is your plan to grow. I can tell you right now that most growing small businesses fail not because they can't make enough sales, but because they don't know how to manage their cash properly.
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03-01-2012, 05:16 PM
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#8 | | My name is PJ and I like dogs.
Join Date: Aug 2010 Location: Vancity/Toronto
Posts: 3,180
Thanked 1,683 Times in 532 Posts
Failed 26 Times in 20 Posts
| Quote:
Originally Posted by DaFonz Incorporating is the least of your worries and is something that any competent adviser could do.
What you should be concerned with is your plan to grow. I can tell you right now that most growing small businesses fail not because they can't make enough sales, but because they don't know how to manage their cash properly. | Thanks..
I'm just looking into incorporation at the moment.
Marketing, sales, and management is a whole other story.
__________________ Studies show 100% of people die.. Might as well have some fun.
Hello my name is PJ. Buy/Sell Feedback 1-0-0 | |
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03-01-2012, 05:46 PM
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#9 | | Proud to be called a RS Regular!
Join Date: Oct 2005 Location: Coquitlam
Posts: 284
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| Quote:
Originally Posted by PJ Thanks..
I'm just looking into incorporation at the moment.
Marketing, sales, and management is a whole other story. | Get a Chartered Accountant and a lawyer to help you. If you are serious about this business, trusting a stranger off the internet who may have done something similar at some point in their lives is probably a bad idea.
If you have time for "shooting the shit" with strangers from the internet over beers, you have time to read and do your own homework. Educate yourself from the link provided by a poster above and then engage professionals (CA and a lawyer) to help you create the structure that will work for you long term.
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03-01-2012, 05:58 PM
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#10 | | My name is PJ and I like dogs.
Join Date: Aug 2010 Location: Vancity/Toronto
Posts: 3,180
Thanked 1,683 Times in 532 Posts
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Thanks.
Im just wondering if anyone has had any first hand experience, regarding turnaround, referrals, off-the-records, whatever.
But yeah.. I'm not going to meet someone to "shoot the shit" over something that can be read online.. Posted via RS Mobile | |
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