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17 September, 2022

How To Start A New Business And Become An Entrepreneur In Canada

Smart Business  - Entrepreneurship, Canada

You are looking to start a business in any province in Canada and succeed.

You have complete clarity about your business concept and plan but have little knowledge about the government and legal process required to set up your business.

You also want to save on the considerable upfront cost of hiring a lawyer and accountant to help launch your business.

Photo by Scott Webb @pexels

Incorporation is a significant step and can be daunting if you don't have a simpler solution. 

There's also a plethora of advice floating around, making things more complex.

You wish you were able to register, incorporate federally or provincially, automate legal work, and fulfill other requirements within a few days if not minutes.

You can now launch your new business in minutes for less, with Ownr.

Starting in 2017, Ownr has helped over 80,000 new and existing businesses using its simple, convenient, and affordable solution.

Toronto-based Ownr helps you make an informed decision on which business structure is right for you - Incorporation or Sole Proprietorship.

You may want to start with a sole proprietorship and upgrade to incorporation in the future.

Or you may want to incorporate, separating your personal and business obligations.

Making this distinction is critical. 

Ownr says according to an Industry Canada study, only half of all small businesses survive beyond five years of launching.

Here, Ownr guides you with appropriate information such as "If you incorporate and your company goes south, your personal assets will remain protected and untouched. If you do not incorporate and operate your business as a sole proprietorship or a partnership, you will remain personally responsible for the debts of the business – which can put your personal property (like your home, car, and computers) all at risk."

You are also updated on specific instances where directors can remain personally liable for a business’s debts if certain preconditions are not met.

Shadi McIsaac, the CEO and co-founder of Ownr believes entrepreneurs and small business owners are economic change agents both, at the micro and macro levels as they create a product or service that brings value to the market.

Daughter of immigrant parents, Shadi says she has been witness to struggles faced by entrepreneurs. 

So she set out to build "a platform that allows Canadians, with aspirations big and small, the opportunity to realize their life goals through new business creation."

Shadi knows that as an aspiring entrepreneur you mean business and getting started doesn't need to be complicated.

She says when you scale up your new business to the macro level "the collective output has a significant impact on private sector employment, Canada’s GDP, and the overall economy."

As CEO, her responsibility is to ensure Ownr continues to be THE platform that grows with your business.

She was recognized by Bay Street Bull among a list of Canada's most impressive female leaders as the 2021 Woman of the Year.

She was also named among the 50 emerging leaders reinventing how Canada does business by The Globe and Mail.

Ownr is owned by RBC Ventures Inc., a subsidiary of Royal Bank of Canada.

To join Ownr, click here.

Note: This article was originally published on LinkedIn by this author: 

As per LinkedIn's viewer demographics, as on September 12, 2022 this article (newsletter) was read by: Business Owner 11%, Founder 2%, Advertising Specialist  2%, Project Manager 2%, CEO/Executive Director 2%, Business Analyst 2%, Business/Corporate Strategist 2%, Technology Manager 2%, Others 73%.

LinkedIn doesn't include demographics from organizations in this stat.

You may subscribe to my LinkedIn Newsletter titled Little about the C-Suite guys here.

If you have any queries, do ask in the comments or email, on related search terms such asCanada Business Corporation Act, canada small business grants, Rate, Government, Organization, Accounting software, Capital, Economics, Report, canada small business, government of canada small business grants, canada small business financing program, post canada small business, canada small business tax rate, td canada small business phone number, dividend tax rate canada small business, accounting software canada small business, canada small business deduction, cheapest shipping canada small business, best bank canada small business, ups canada small business, canada small business administration, canada small business account, canada small business association, canada small business accounting software, canada small business apps, canadian small business activity is more dominant, canadian small business awards, canada post small business account, canada small business financing act, Chase Bank - Consumer banking compan, United Kingdom, Country in Europe, Premium economy class, International business, Europe, continent. best small business bank account canada, apply for canada small business loan, canada small business budget, canada small business benefits, 



How U.S. Small Biz Owners Can Avoid HR Compliance Risk At $99 A Month

B2B Focus

The cost of wrongful termination of an employee for a small business in the United States could result in hefty fines, expensive lawsuits, and even potential loss of business.

Yet, according to the U.S. Chamber of Commerce most small businesses don’t always have a human resource staff or department.

A dedicated full-time HR department is often not cost-effective for these small businesses, especially during and after the pandemic. 

Photo by Sora Shimazaki @pexels

So how do they operate?

Most small businesses either have owners or employees wearing multiple hats, including the role of HR. 

This is despite the scope of HR compliance and functions being vast.

Aside from focusing on growing their business, owners and their chosen untrained-in-HR employees have to navigate labor regulations, form HR policies, and tackle employee management, including concerns before they escalate into complaints and end up in court as wrongful termination.

Small business owners also have to spend considerable time on wage compliance, on federal, state, and local taxes.

This routine is more challenging, leaving the owners not having enough time for themselves or avoiding any slip-ups. It's a considerable risk.

Could small business owners then put their HR on autopilot and outsource the process to experts?

Allan Jones, Founder & CEO of Bambee, the first outsourced human resource compliance solution for small businesses came up with the best plan while spending time on the Venice beach with an engineer. 

"There are 5.6 million small businesses in America. They populate about 50% of the American workforce. And less than 4% of these companies have an HR Manager," Allan said during an interview recently with Nasdaq.

Bambee, Allan says, aims to solve most of the problems small businesses face, starting with the critical ones, at $99 a month!

This makes Bambee the most affordable payroll solution for small businesses.

How does Bambee offer its services at such an affordable price?

Allan says Bambee "only services companies that have less than 99 employees. Their need for the HR manager's services and time is not as demanding as a Fortune 500 company."

Today, Bambee has 10,000 subscribers and growing.

Allan and Bambee's performances have earned them the Goldman Sachs 100 Entrepreneurs of 2021, and the Forbes 2020, 2021 & 2022 Best Startup Employers in America.

As for the name Bambee, Allan says the word is reminiscent of the 1942 animated drama film Bambi and can be used as alliteration.

The Bee in it, the CEO says, reflects the way honey bees are - a perfectly harmonious workforce.

Bambee is focusing on adding this harmony found innately in the bees, to America's small businesses. If you are a small business owner, you can join Bambee here.


Note: This article was originally published on LinkedIn by this author: How U.S. Small Biz Owners Can Avoid HR Compliance Risk At $99 A Month

As per LinkedIn's viewer demographics, as on September 12, 2022 this article (newsletter) was read by: Business Owner 11%, Founder 2%, Advertising Specialist  2%, Project Manager 2%, CEO/Executive Director 2%, Business Analyst 2%, Business/Corporate Strategist 2%, Technology Manager 2%, Others 73%.

LinkedIn doesn't include demographics from organizations in this stat.

You may subscribe to my LinkedIn Newsletter titled Little about the C-Suite guys here.

If you have any queries, do ask in the comments or email, on related search terms such asfundamentals of human resource management, hr access l brands, suny hr portal, niu hr, hr brew, mypella hr, small business hr compliance, small business hr compliance checklist, hr compliance for small business, small business compliance requirements, hr requirements for small businesses, small business hr policies, what are the hr compliance, small business hr compliance and safety, small business hr compliance and security, small business hr compliance and operations, small business hr compliance and duties, small business hr compliance and clients, small business hr compliance audit checklist.