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l , 7“ 77744” w w WA'I'EHHKICMRONICLE‘Wednesday. net-nub” use” .2. ‘ , ~777~~~Â¥~W mum». O 0 Do you need to register your busmess by the New Year? There is sortie confusion about confused about these differences calendar year, and furthermore, some initial steps in starting their the required timing for regis- until i explained that a corporation I 1 ‘3 \l ( H l | I you can set the year end of your business. and had made some pur- tering a new business. So with the was a separate legal entity that filed ‘ . , i ' ‘, corporation to any month of the chases related to the business in end of the calendar year quickly its own tax return and was subject BUS] \ l .85 year. and it does not need to be 2011. To claim these expenses for 4 approaching, I thought i would to liability as an individual In other Dec. 31. I recommended my client their business in 2011, they would 1 help clarify this question for any- words the corporation could be seek advice from their accountant want to register it as a sole propri- 1 one considering to start up their sued and forced into bankruptcy, in setting their year end before 61â€" etotship bythe end ofthis month. : business by Dec. 31. but it would not affect them per- ing for incorporation. The filing If you have any further ques- I l reccnlly had a client come to sonally or expose their personal , ,, process takestwo tothreeweelts, so tions visit any one of the Waterloo i see me to help them decide on the assets like their home. 1 if they submitted their application Region Small Business Centres to best timing for the registration of When my client understood it in before Dec. 31. their business discuss what would be in your best their sole proprietorship. I began by this way, they decided to register A fled would not be registered until 2012. interest. clarifying the basic difference their businessasacorporation. The ""' lfthey had decided to registeras Ray Weberisanaduisorwlth the 4 between registering their business next question was when is the best W ROY a sole proprietorship, the timing Waterloo Small Business Centre. I as an incorporated business versus time to register the business A cor- WEBER would be somewhat different. In Email him at 1 ‘ a sole proprietorship. They were poration can file at anytime of the 7 7 A my client's case, they had taken roy.weber@waaerloaca } I I O I IVE t e l t O 0 i l i i . g l l 1 l l a i i i ; f , . Mm - i i = 5" * ' ' x l l , l ,5 ‘ :17. b V: " \ Q ‘ ‘ i ‘ v a: i , 5 ,~ J. - ‘5‘ ) , r: c A < . .r ’ C‘ \ L i \_i l p ‘ . g; V I? are 9, 2” 3 ‘ ‘ 1;“; " .H 1 ’// l , l ‘ , we ~\ l \ ~ t ! i t ; A ' ,‘ \ . i i g, e ‘ . o 1. 4‘- age : ‘ ' ‘ ' are ,4 "’ a; ,r . v' i a .‘ V: w a?!) x ,' .f l o”<;-3 u I £53: A i r T .. l - it ., i ‘ ' _ ' ’ a»: g ‘ V «s ' ‘ ‘ ’ ‘ ./ ‘ . of: ‘ i a ~ . t a a» i: (i ’ ' t ' ”.7 ( “ l . l w, ‘ . / “Sig ‘ a. . ' . - new“... ‘ 'v . T V Jr .‘V .. ' : ~‘ i 5/ > . «w ,6. i . t ‘ ‘ . . l 1"", ‘.IIII huh: I 9g: i ' ' : â€" ~ i 1 I O . O - : TICKETS N SALE NOW. BUY T DAYI t ‘ ml Manulife Financ1al ° ° ‘ MostomeimuwmtmnmmmmLPGAMMImm't ' 7/ KO Gmmmmmmwmmmmmwmmm. I ; LPGA CLASS'C and Sum-m PattersonAsoocialhofldaymueboem ‘ i t V i i ‘ m JUNE 20-24 ' GREY SILO GOLF COURSE ° manuiltoclassicco i ‘ ‘ mm KIDS 15 A UNDER ARE ADMIYYED FREE WITH A TICKEYED ADULY ( W