Strategic business success: Expert guidance for growth
Having your own business is exciting and fulfilling. Strategic planning can help you avoid pitfalls and make your business successful. We can help you formulate a business plan to take your business where you want it to go.
Our Professional Accountants are experts in incorporation laws and tax. We have been simplifying the incorporation process for businesses across Canada for many years and we can help you take the next step into growing within your profession.
Why register your business with M7 Group?
CFO Advisory
Save time/avoid errors:
Potential tax savings:
You could save thousands on your taxes
Our aim is to help you succeed in your new business by getting it off to a good start. Our Services in formation of a new business include:
- Prepare an initial business plan to clarify your marketing, management, and financial goals.
- Select and legally register the optimal business structure for your business by evaluating the tax advantages, legal exposure, and other factors of your specific business
- Prepare a cash flow budget to help you identify anticipated financial needs of your business during the start-up period.
- Establish billing and collection procedures to forecast cash flow.
- Establish procedures to monitor and control costs.
- Prepare and file all required licenses and permits.
- Select the right accounting software for your business by evaluating your budget and needs.
- Prepare and file your application for your Federal Business Number.
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Accreditations and Certifications
We uphold the highest standards of integrity to our customers can benefit from an accredited accounting.
Understanding Business Structures: A Quick Overview
In the United States, a corporation can be formed by one or more individuals, entities, or even existing corporations. Here’s a breakdown:
Individuals: One or more individuals can come together to form a corporation. They can be residents or non-residents of the United States.
Entities: Besides individuals, other legal entities such as partnerships, LLCs (Limited Liability Companies), other corporations, or trusts can also form a corporation.
Existing Corporations: A corporation can also form another corporation, either as a subsidiary or as part of a corporate restructuring or expansion strategy.
Foreign Entities: Foreign individuals or entities can also form a corporation in the United States, subject to certain regulations and requirements.
Registered Agents: In many states, corporations are required to have a registered agent, which can be an individual or a company designated to receive legal documents and official correspondence on behalf of the corporation.
- Limited Liability: Protects personal assets from business debts and liabilities.
- Separate Legal Entity: Provides legal protection and continuity beyond ownership changes.
- Access to Capital: Allows for fundraising through stock issuance.
- Tax Advantages: Potential tax benefits depending on corporation type.
- Credibility and Professionalism: Enhances business reputation.
- Employee Benefits: Enables offering attractive benefits packages.
- Perpetual Existence: Ensures continuity regardless of ownership changes.
- Ease of Ownership Transfer: Facilitates buying and selling of shares.
US corporations are responsible for adhering to tax regulations, ensuring corporate governance, protecting shareholders’ rights, maintaining financial transparency, and contributing to the economy through job creation and innovation.
US corporations administer a variety of laws, including tax laws, employment laws, securities laws, environmental regulations, consumer protection laws, antitrust laws, intellectual property laws, and corporate governance standards.
Incorporating at the federal level, particularly as a C corporation, offers benefits such as limited liability protection, access to capital markets, potential tax advantages, credibility and professionalism, and ease of doing business across state lines.
