Are you starting a new business venture and wondering what next steps to take? Here are some important items to look after:
1) Get legal and accounting advice. Your lawyer can assist you with incorporating or registering your business and business name with the Manitoba Companies Office.
2) Choose the type of business ownership: corporation, sole proprietorship, or partnership. Your accountant can advise you on the right structure.
3) Open a business bank account. It’s important to keep your personal bank account separate from your business bank account.
4) Register for a CRA business number and open the applicable program accounts through CRA and the Province of Manitoba (e.g. GST, payroll, PST, etc.)
5) Set up an accounting system to provide you with timely and reliable financial information.
See the link on this page for more information and helpful links.
