Get professional support to help you start your own business

T2inc.ca is the ideal partner to start your business thanks to our tax and accounting expertise, our convenient online services and our commitment to providing solutions at affordable prices. Our team consists of chartered accountants, accounting technicians, tax experts and partner lawyers to ensure solutions tailored to your needs.

We ensure the legality and compliance of the services we provide. For example, the incorporation of your company requires the assistance of a lawyer and, thanks to our partnership, this step is taken care of by an expert. This allows you to focus on developing your business with complete peace of mind. With T2inc.ca, every aspect of your business project is in good hands, guaranteeing a smooth and successful launch.

Starting a business involves a number of important steps. First, assess the viability of your project by conducting market research, analyzing the competition and identifying your target audience. Next, create a solid business plan that includes your goals, marketing strategies, financial plan and growth projections for a long-term vision.

Choosing the legal structure of your business is critical to the success of your project. Choose the appropriate structure as it will affect your tax and legal obligations. Register your business with the appropriate authorities, such as the Quebec Business Registry (REQ). This step will allow you to obtain a business number and comply with local regulations.

Finally, set up an effective accounting system to manage your finances. Consider obtaining the necessary licenses and permits to operate legally. With T2inc.ca, you'll be guided every step of the way to ensure a successful business launch.

Registration with the Quebec Business Registry (REQ) formalizes the legal structure of the business, allows for the issuance of a Quebec Business Number (NEQ) and ensures compliance with local regulations.

Sole proprietorships must register if they operate under a name other than that of the owner. Partnerships, such as general partnerships (SENC) and limited partnerships (SEC), must also be registered. This step formalizes the structure and informs the public of the partners involved.

Corporations, whether local or from another province or country, must register if they carry out activities in Quebec. Not-for-profit organizations, cooperatives and trusts engaged in commercial activities must also register.

Registering your business is an important step that should be taken at the optimal time to ensure compliance with legal requirements and to maximize potential benefits. This process offers several benefits, including tax benefits such as the ability to deduct certain business expenses and access various tax credits. However, the specific impact of these benefits may vary depending on local regulations and your business structure.

Opening a business bank account is another important milestone in the formalization process. Most financial institutions require your business to be officially registered before you can open a professional bank account dedicated to your business activities. This step not only simplifies financial management, but also helps establish your company's credibility with suppliers, customers and other business partners.

When it comes to hiring employees, business registration is crucial for complying with payroll and tax obligations. Being properly registered allows you to offer your employees the necessary protections and benefits, such as health insurance and pension plans, while ensuring that your business meets all legal requirements for employment.

The best time to register your business depends largely on your particular circumstances and a number of factors, including:

Type of business activity: Some business activities require licenses or permits that cannot be obtained until your business is registered. This is especially important if your business involves regulated industries such as finance, health care, or food services.

Commercial relationships: If you plan to enter into significant contracts with suppliers, customers or partners, it is often advisable to have a registered business entity. This provides legal protection and clearly defines the terms of your agreements.

Legal and regulatory requirements: Depending on your industry and location, there may be specific legal requirements that necessitate early registration of your business. For example, certain sectors have mandatory registration deadlines or require certain certifications to operate legally.

Financial considerations: Registering your business may give you access to certain financial tools and resources, such as business loans, grants or lines of credit. This can be particularly beneficial if you are planning to expand your business or make significant investments.

As each situation is unique and the implications of registering a business can vary, it is strongly recommended that you seek professional advice. An expert can provide advice tailored to your particular context and help you decide on the best timing and approach for registering your business. This will ensure that you maximize the benefits and minimize the legal and financial risks, allowing you to focus on growing your business with confidence.

Incorporating in Canada offers many benefits to business owners. As the owner of a corporation, you are legally separate from your business, protecting your personal assets from the debts and obligations of the business. In the event of a lawsuit or bankruptcy, only the assets of the corporation are at risk.

Incorporation also offers tax benefits. Canadian-controlled private corporations benefit from reduced tax rates on the first $500,000 shared between related corporations through the small business deduction. Incorporation also facilitates capital raising and succession planning by allowing the sale or transfer of shares.