Business Structure Setup
Registration of your business entity, obtaining business number, and HST registration with the Canada Revenue Agency.
PRICING
REGULAR PRICE
MULTIPLE JURISDICTIONS
$599
+ $199 / JURISDICTION
OVERVIEW
Business structure setup is a foundational service that helps entrepreneurs establish the proper legal and organizational framework for their business. This process involves selecting and implementing the most advantageous business structure, such as sole proprietorship, partnership, or corporation, based on your specific business needs and goals.
The right business structure affects everything from daily operations to tax obligations and personal liability protection. It forms the legal foundation of your business and influences how you can raise capital, how profits are distributed, and what regulatory requirements you must meet. Making the right choice at this stage can provide significant benefits and help avoid costly restructuring in the future.
WHEN AND WHY DO YOU NEED IT
The need for business structure setup typically arises at several critical points in a business journey. Most commonly, it's required when starting a new business, but it's also crucial when expanding operations, adding new partners, or responding to changes in your business environment or personal circumstances.
Business owners often seek this service when they realize their current structure no longer serves their needs. This might happen when personal liability becomes a concern, when tax obligations become too burdensome, or when they need to attract investors. Additionally, many entrepreneurs seek professional guidance when transitioning from sole proprietorship to corporation as their business grows and risks increase.
HOW IT GENERALLY WORKS
The business structure setup process typically begins with a thorough analysis of several key factors: liability exposure, tax implications, administrative requirements, and future growth plans. Professionals evaluate these elements alongside the owner's personal circumstances and business goals to recommend an appropriate structure.
Once a structure is selected, the setup process involves preparing and filing necessary legal documents, obtaining required permits and licenses, and establishing proper accounting systems. This includes registering with appropriate government agencies, setting up tax accounts, and creating any required legal agreements between owners.
The process also typically includes establishing compliance procedures to ensure the business meets ongoing regulatory requirements. This might involve creating record-keeping systems, setting up separate bank accounts, and documenting operational procedures that maintain the legal distinction between business and personal activities.
OUR PROCESS
At Logetica, we guide you through business structure selection and implementation with a focus on both immediate needs and long-term objectives.
We begin with a comprehensive consultation to understand your business goals, risk tolerance, and operational requirements. Our team then develops recommendations based on this analysis, explaining the pros and cons of each option in clear, practical terms.
We handle all aspects of structure implementation, from document preparation and filing to setting up proper accounting systems. Throughout the process, we ensure you understand the implications of your chosen structure and the requirements for maintaining it properly. We also provide guidance on operational best practices to help you maintain compliance and maximize the benefits of your chosen structure.
EXAMPLE CASE
A freelance web designer had been operating as a sole proprietorship but became concerned about personal liability as his client base grew. Through professional business structure setup, he established a corporation that protected his personal assets and provided tax advantages. The new structure also helped him appear more professional to potential clients and positioned his business for future growth through easier access to financing options.
Have Questions?
Book a free 30-minute online consultation with us, and we will be happy to answer all your questions.