All Questions
Tagged with small-business corporation
8
questions
0
votes
1
answer
121
views
As an investor of a business, how do you prevent the founder from holding back growth? [closed]
If you are an investor who owns 30% of a business and the founder owns 70%, how do you prevent a situation where the founder decides to always take profits and not reinvest them to grow the business? ...
- 109
1
vote
1
answer
150
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Corporation Tax Help?
I’m hoping some of you may be able to help, as I am not very well versed in the tax department.
Here’s my situation:
Last year, I started doing work for a company that required us to be self ...
- 13
0
votes
0
answers
52
views
Should I create a corporation, even if I won't make money or receive funding until later? [duplicate]
Suppose I may not be profitable, make any money, or receive funding for another year. Should I still create the business entity now?
- 101
1
vote
2
answers
123
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Can credit worthiness be transferred from me to a business?
I'm interested in incorporating in order to put my rental business under a business umbrella. Right now it is just me (no business papers, but I report income to the IRS).
I am wondering: can my ...
- 101
2
votes
0
answers
44
views
Ontario resident working contract job in British Columbia
If my corporation is registered in Ontario and I am an Ontario resident, then if I take a contract in Vancouver, will it be legal? Do I pay taxes once for British Columbia and once for Ontario?
- 16k
11
votes
3
answers
10k
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Why do banks require small businesses to open a business bank account instead of a cheaper personal one?
I understand the need to separate personal finances and the business finances, be it sole-proprietorship or incorporation. I also understand that in the former it's optional, but in the latter it is ...
- 319
0
votes
1
answer
183
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Why does paying out all corporate income as salary reduces the risk of being labeled a personal service business?
This blog article on PSB outlines the rules clearly. But in one of the comments it says:
However, if you are paying mostly salary to yourself, your risk is minimal even if assessed
What is the ...
- 16k
3
votes
2
answers
232
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Better ways to invest money held by my small, privately-held Canadian corporation?
I own a small, privately-held corporation and am looking for ways to invest my corporation's money more effectively.
The problem is the government taxes passive investment income inside a corporation ...
- 31