2016-11-09 00:00:00 Starting a Business English Follow the steps in this checklist when you are starting a new business in Canada, from writing up a business plan to opening a bank... https://d1bkf7psx818ah.cloudfront.net/wp-content/uploads/2017/03/08214847/Man-stocks-food-shelves-in-small-business-near-counter-and-dishes.jpg Quick Small Business Startup Checklist

Quick Small Business Startup Checklist

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Are you starting a new small business? Here is a quick checklist of must-do items:

  • Write your business plan.

  • Identify and reach out to potential clients and key suppliers.

  • Decide on your legal status: Will the business be a sole proprietorship or a corporation?

  • Identify and protect your most important intellectual property (such as trademarks and copyrights).

  • Use QuickBooks to prepare a sound financial plan, including revenue streams, accounts payable, capital needs and financing.

  • Ensure that you understand and comply with all of your tax obligations, from payroll to harmonized sales tax to income taxes.

  • Find an appropriate location to operate your business.

  • Prepare a marketing plan.

  • Open one or several bank accounts to ensure that your clients can pay you easily.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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