Start-Ups are a unique group comprised of either an individual or group of individuals who have decided to form an unincorporated partnership or incorporate from the very beginning, and either have a business plan ready to be executed, or have no business plan outlined.
As a result, start-ups may need to be held by the hand to ensure that their excitement to embark in the entrepreneur world does not get sidetracked by the bulk of business obligations that need to be addressed.
The following is a brief list of issues that start-ups may encounter:
Did I/we choose the correct business entity?
When do I/we need to file taxes?
What happens if I/we have business losses?
Which initial expenses are deductible?
Active partners/shareholders vs passive/investors