Voice for Business

Archive for the ‘Business Tips’ Category

Now that you’ve decided to start your own business you will find the corporate structure or form of organization that meets your needs. The structure of your business depends on how you want to manage it: alone or with partners or associates. There are four types of business structures: the sole proprietorship, the partnership, the corporation and cooperative.

Sole Proprietorship

If you choose this type of organization, you are entirely responsible for all debts and obligations related to your business. By cons, all the profits you would return. If you are a sole proprietor of a business, a creditor could claim your business personal property or to repay any debt.

Advantages:

it is easy and inexpensive to set up a sole proprietorship (you only need to register your business name at the provincial level, except in Newfoundland and Labrador);
costs related to the formation of your business are low;
the regulatory burden is the lowest of the four types of company;
you have direct control over decision making;
working capital needed for startup is minimal;
you get tax relief if your business is struggling, P. ex. deduct your losses from your income or benefit from a lower tax bracket when your profits are lower, and so on;
all profits will return you directly.

If a formula is not indicated in the list of forms, please contact the Companies Office to obtain the desired formula.
Companies and unincorporated bodies

Registration of an unincorporated business
Renaming an unincorporated
Change of ownership of an unincorporated business
Dissolution of an unincorporated business
Registration of a limited liability partnership, limited
Changes to a partnership with limited liability
Cancellation of registration of a partnership, limited liability
Please note the name of a charitable non-profit that is not incorporated
Corporations

Incorporation of a corporation (with or without share capital)
Modification of the terms of a corporation
Fusion of two or more corporations
Dissolution of a corporation
Reconstitution of a dissolved corporation
Registration of a non-Manitoba corporation to the pursuit of business in Manitoba
Last day of registration of a non-Manitoba corporation to include a merger, an extension or a name change, or to correct an error
Reinstatement of registration of a non-Manitoba corporation whose registration had been canceled
Extension of a corporation of another jurisdiction in Manitoba
Request permission to extend a corporation in another jurisdiction Manitoba
Production of annual information

Partnership Action by SCA:
Definition:

It is a legal form which is a partnership between non-collective (CNS) by the presence of associates (partners) with unlimited liability and that load management, and a limited company (SA) by the presence of associated (sponsors) who hold free trading shares without the prior consent of other shareholders.

• Related: Compounds of general partners, jointly and severally liable, and limited partners, held in the extent of their contributions.

• Associate sponsors: Their number can not be less than 3

• Minimum share capital: 300,000 DH if it does not involve public offering and 3,000,000 DH if he makes a public offering.

• Capital: Must be paid at least a quarter, the rest must be within 3 years

• Actions: Representing the capital, they may be in registered or bearer the minimum value of the action is 100 DH

• Managers: The first or managers are appointed by the statutes. During the year the company, the managers are appointed by the Ordinary General Meeting of shareholders agreement with all partners, except as otherwise provided in Articles
• Auditors: Duty to appoint an auditor.

Limited Liability Company LLC:
Definition:

It is a company that lies between a partnership in the sense that the shareholders hold shares (not stocks) and a limited company (SA) because the liability of partners may not exceed the value of their contributions in the capital.

Shareholders: The minimum number is 2 or 1 (single shareholder) the maximum is 50
Minimum share capital: 10.000 DH, consisting of shares worth a minimum of 10 DH
The shares must be subscribed in full.
The shares representing an interest in cash may be paid only a quarter.
A period of 5 years from the date of registration is granted for the release of uncalled capital by a simple decision of the management.
The shares can not be represented by negotiable instruments.
Stewardship: The LLC may be managed by one or more directors chosen from members or third parties unconnected with the company.
Civil liability and / or criminally liable.
Disclaimer: Limited to contributions of members. In case of a contribution in kind, the partners are jointly liable for the value attributed to these contributions.
The auditor: Required when the turnover exceeds 50 million dirhams (5 million).
Notice of constitution must be made within 30 days after registration of the company in the Trade Register and must include the trade register number

Arival Guarantee
Check service companies often offer a guarantee the check received and processed by all the controls. Businesses are able to be sure, since this service nearly eliminates any negative revenue accrued from bounced checks. Check insurance or check guarantee, as it is commonly called, works for the customer and merchant providing basic information. This information is either put a hand-key terminal used for credit cards, a POS terminal, or computer programs. The information is processed instantly, and the merchant is notified that there are sufficient funds in the buyer’s account so they can proceed with the sale. This check payment service is like using a credit card. Merchants benefit from it, because it takes the trouble to travel bank, and customers enjoy the convenience of not having to fill out a check. An image of clients is stored in the verification process. This check service costs less than using a credit card. Traders are set to ease the concerns of fraudulent or insufficiently funded checks.

POS and online check services
A POS Service, or POS service allows a merchant to accept a check for payment at the time of sale. The way in which this check service works is a computer system that analyzes the numbers on the bottom of a check lot numbers, such as a credit card. The system then prints a receipt for the customer to sign. A receipt is given to the customer for their records and one is left with the merchant. This service uses checks like credit cards but without the credit card processing charges. The company did not have to buy any additional equipment, as this service can be offered to consumers by means of a standard debit or credit card processing machine. This is an easy process for consumers and business participants, allowing the automatic withdrawal of funds from the consumer’s bank account directly from the merchant account business.

Companies are able to process checks over the Internet or by phone, using online checking service which enables checks to be processed by merchants with the simple passage of the Internet using a web browser. This means that the merchant can process and accept checks online instantly. Payment can be accepted directly through its Web site or Internet site. This control is also useful in telephone service, allowing businesses to accept checks by phone. With this check payment option, businesses no longer have to face the entrance – is – in the mail syndrome.

There is a strategy that allows you to sell your services easily and securely. Notified to do to grow your business online

We live in times where the customer is constantly bombarded by advertisements. So much so that your message should now be seen at least 18 times so that it may be effective. Not easy for your pocket!

However, there is a strategy or method that allows you to lower the cost of advertising. I am referring to position yourself as an expert in front of your potential customers.

What does position itself as an expert?
In simple terms, position yourself as an expert is to become the person who will choose the client when you’re ready to buy. But before you are ready to have to attract their attention.

But how you do it for the customer to choose your services and not those of the competition? Educate, educate, educate! Some examples:

Positioning before the need
Take the example of two accountants. The first is advertised in the yellow pages. We know that the yellow pages are effective when the need is present because nobody’s going to find a local accountant in the yellow pages if you do not want this service.

Read the rest of this entry »

So what more do you need to work at home to create your online success?

1 Buy a domain name. There are many companies selling domain names. Just look them up and check to see if it is available. If you want maximum exposure, try and buy a domain that ends. Com.

2 Buy a hosting account. Your site requires being the host to be viewed on the internet. Many companies will give you free hosting if you purchase a domain from them.

3 Determine what the market to target and either make the product or have rights to sell it. If you decide to sell information, as there are so many niches to explore and products to offer. Make sure that you market is the correct size with not too many competitors left, but not too few. Remember it should have a huge amount of potential customers who want your product. What are these customers are looking for? Read the rest of this entry »

Is this what you intend to, or do really want? Working at home? Otherwise you would probably not read this article. Being able to control your own work, to generate a steady and high turnover all from the comfort of your own home. You can work at home, and a business based on Internet is not so difficult to make as you can imagine.

Question 1: Do you have a computer? Great you’re already off and running. Work at home here you come.

Question 2: Do you have internet access? Even better as you become familiar with the wide variety of sites. As a work at home dream is still on.

Question 3: Do you have any experience with creating a website? If you have then you are in front of so many others already, but most likely answer is no. You can still work at home, do not despair. Read the rest of this entry »