Everything You Need to Know About Starting Your Sole Proprietorship
Is your goal to own and operate a Canadian small business or transition to self employment?
FASTSTART Your Business is the quintessential guide that takes the guesswork out of starting your business and focuses on what matters most. Inside, you’ll discover:
Step by step framework that tells you exactly what you need to do as a sole proprietor (which applies to ALL business and self employed owners unless your business is incorporated.)
Why most new businesses need to register and guidance on how to do it in every province.
What every business owner needs to know about sales tax (GST/HST and QST) , how to register and how to save money with the Quick Method.
What you need to know about hiring employees and how setting it up is easier than you think.
How to reduce taxes by reviewing the types of expenses that are deductible for small businesses and insights on preparing your income tax return even if you outsource it to an accountant.
How much you need to save in taxes so that you can be prepared and avoid unpleasant surprises when you do your tax return.
The different types of business structures and whether a sole proprietorship or a corporation is best for your situation.
And much more!
After reading it I think it's essential reading for any Canadian/Quebecer small business person who wants clear, straightforward, no "BS" answers to every question you have (and many you haven't thought about) about starting a sole proprietorship - David L.
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Note: If you purchase the print version available at Amazon, I am happy to send you a complimentary PDF. To claim your free PDF, simply send an email, along with a proof of purchase, to contact@montrealfinancial.ca.
Customer Reviews:
I first stumbled across this little book while researching how I wanted to structure my freelance copywriting business. After reading it I think it's essential reading for any Canadian/Quebecer small business person who wants clear, straightforward, no "BS" answers to every question you have (and many you haven't thought about) about starting a sole proprietorship. The book is written in layman's terms so pretty much anyone can understand it, but I appreciate that it also doesn't skimp on specifics or talk down to the reader.
And since each chapter title answers a question about sole proprietorship (e.g., "Why and how to register your sole proprietorship," "What does it mean to be zero-rated or exempt?") you can skip around the book as you like without wondering if you missed something.
Highly recommend for Canadian entrepreneurs in every province!-David Lowenthal
I was thrilled to have found your website and your book. I’ve been going chapter by chapter through the book and it’s great. It’s very clear and it’s step-by-step so it’s easy to put into practice. I read a chapter every day and do what is relevant for that day (register the business, open a bank account, etc). I really like the section on deductions as well. It’s a great book and a great guide. You make the process easy!
-Michelle B.
Ronika's book provides great insight which allowed me to understand the process of starting a business in Quebec. It is very informative and well organized, as the information provided can be difficult to find elsewhere and let alone in one resource. I highly recommend reading through this book if you are starting a business in Quebec or in Canada!
- Shaun Galarneau
Your book truly has made my business registration journey so much easier; everything is so easy to follow and is beginner friendly. With the Quebec system being a slightly different from the rest of Canada, it was a bit complicated to search for detailed information anywhere; I’m so glad I came across your book!
- Kailpreet Kaur Bhatti
It is a very useful book, I learned many tips and got all the answers in the book. Thanks so much Ronika, now I have clear ideas for my new small business.
- James Cai
I found your book very helpful. I have a publishing house that was registered in Ontario as a Sole Trader, but I have since moved to Québec province and needed information on how to register here and to understand the laws and regulations. Your book was really helpful especially in pointing out where to find the information that I needed and in advising on issues that need to be attended to.
- F.M.
I found your E-Book, Fast Start Your Business and I very much enjoyed the read. Very helpful, straightforward and a great text for adult students considering starting a small business. Thank you for writing the book.
it an excellent book for those looking to start their own small business. Your coverage is comprehensive and detailed enough to give the young start up confidence.
- Ralph E. Hale
We have read your book and found it very helpful and simple to understand. We have since completed his business registration and we have the NEQ registration, thanks to your informative book!
- Janine and Glen
Who will benefit from this book?
Anyone starting their own business or transitioning to self employment.
Freelancers, independent contractors and self employed individuals who have started to see growth in their business
Existing business owners who want to make sure that they are following the right path with respect to their registration, accounting and tax
Those who are either thinking of starting or already have a part time gig such as web developers or ebay sellers or writers/bloggers or online course creators
About the Author
My name is Ronika Khanna. I’m an accountant and small business owner who has helped numerous business owners start their businesses. Over the past 10 years, I have learnt that there are certain elements to starting a business that every new (and existing) Canadian business needs to address I decided to put together this guide to simplify the process and save time for anyone who is thinking about diving into business ownership and who invariably need guidance to ensure that they are on the right path.
