In this video, Joe explains the different business structures, how to create your business entity and other necessary business registrations. This is Part 2 of the Seven Step Guide to Starting Your Business.

↘ Seven Day Business Starter Course Discount Code
https://www.avalonaccounting.ca/seven...

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CONTENTS OF THIS VIDEO

00:00 Intro
00:41 3 Business Structures
01:42 Which Business Structure Should You Choose?
01:50 Unincorporated and its Benefits
02:27 Unincorporated and its Disadvantages
02:58 Incorporated and its Benefits
03:31 Incorporated and its Disadvantages
03:58 How to Decide
05:23 7Day Business Starter
06:22 How to Register Your Business
06:32 Through a Lawyer
06:45 DIY Registration
07:07 Using a Business Registration Service
07:51 Other Registrations
11:03 Action Steps

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MENTIONED IN THIS VIDEO

► Seven Day Business Starter Course Discount Code
https://www.avalonaccounting.ca/seven...

► YT Playlist of The 7 Step Guide to Starting Your Canadian Business
   • The 7 Step Guide to Starting Your Can...  

► Partner Link for Ownr
https://www.ownr.co/partners/avalona...

► The Canadian Corporate Names and Trademarks database
https://isedisde.canada.ca/cipo/trad...

► Canada’s Business Registries database
https://beta.canadasbusinessregistrie...

► Business Registration Online platform
https://www.canada.ca/en/revenueagen...

► BizPal
https://bizpal.ca/

► Blog Post on Sales Tax
https://www.avalonaccounting.ca/blog...

► Blog Post on Payroll
https://www.avalonaccounting.ca/blog...

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AVALON ACCOUNTING

Avalon is a virtual accounting firm located in Canada. We aim to be THE online accounting department for small businesses in Canada.

We provide online bookkeeping, accounting services and expert financial advice for small businesses.

We are on a mission to educate small business owners through our YouTube channel, blog and free resources. Check out our links below to dive in.

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CONNECT

► Website: https://www.avalonaccounting.ca/

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‍ ONLINE COURSES
► Take your business to the next level with our online courses.
https://www.avalonaccounting.ca/courses

✅ ESSENTIAL FINANCIAL CONCEPTS FOR SMALL BUSINESSES (FREE COURSE)
► Keys to building a business that provides owners with time, money and purpose.
https://www.avalonaccounting.ca/cours...

LEARN MODERN BOOKKEEPING
► Learn to do your own bookkeeping with modern tools and our proven practices.
https://www.avalonaccounting.ca/cours...

BOOKKEEPING AND TAX FOR FREELANCERS
► This course teaches sole proprietors how to simplify bookkeeping and taxes.
https://www.avalonaccounting.ca/cours...

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❓ FAQs

► What Can I Writeoff? http://bit.ly/EXPENSESCAN
► Should I incorporate my business in Canada? http://bit.ly/INCORPCAN
► What is a shareholder loan? http://bit.ly/SHLOANCAN
► When and How Should I Hire an Employee? http://bit.ly/hirelikeapro
► Should I offer profit sharing? http://bit.ly/PROFITSHARECAN

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20% OFF INCORPORATION WITH OWNR

If you are looking to incorporate (in Canada) and want to save some cash, check out Ownr with our affiliate link for 20% off incorporation costs:

► https://www.ownr.co/partners/avalona...

We may receive compensation when our link is used to sign up with OWNR

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‍ FREE BUSINESS GUIDES:

► Starting Your Business Guide:
https://joecollins.typeform.com/to/bc...

► Business Owner’s Productivity Guide:
https://joecollins.typeform.com/to/zJ...

► Financial Foundations Guide:
https://joecollins.typeform.com/to/jF...

► $1 Million Dollar Service Based Business Guide: https://joecollins.typeform.com/to/e2...