Business

How Leveraged Buyouts (LBOs) Work

By FT / February 13, 2012 /

Mergers and acquisitions are common place in the business world.  Besides cash, or cash and share buyouts, there’s a common, yet controversial strategy, called the Leveraged Buyout (LBO) that private equity funds have been known to use. What is a Leveraged Buyout? A LBO is a way for one company or person to acquire another…

Read More

The Basics of the Health Spending Account

By FT / January 16, 2012 /

If you are a shareholder of a Canadian Controlled Private Corporation (CCPC), have employees with or without health coverage, and looking for a way to save overall taxes, then this article may be for you. With health care costs increasing every year, an entrepreneur reader emailed me to ask about the Health Spending Account (HSA).  The HSA…

Read More

Attributes of a Successful Entrepreneur

By Clark / January 6, 2012 /

Becoming self-employed by starting a business, be it a convenience store or service-oriented work, is not an undertaking that many of us can relate to. Many of us are used to working for someone else and having the security of a steady cheque at the end of every pay period. Benefits such as RRSP matching,…

Read More

Types of Business Models

By Clark / November 2, 2011 /

Every business, be it the family-owned convenience store or multinational conglomerate, is built on an underlying model to apply their trade. It is essential that a business chooses the right model to maintain a sustainable and profitable enterprise. A business model encompasses several aspects of a business such as whether the company will use franchises…

Read More

Small Business Banking Account Comparison

By FT / September 16, 2009 /

As I mentioned in a list on the steps in setting up a corporation, obtaining a business bank account is a good idea.  The reason being is that the customers can pay you via company name instead of personal name.  As well, it helps during tax season when business income/expenses are separated from personal income/expenses.…

Read More

Lessons Learned from the Dragons Den (Shark Tank)

By FT / September 14, 2009 /

If you’re anything like me, you’re glued to the TV when an episode of Dragons Den or Shark Tank is on. For those of you unfamiliar with the show, it’s a show where entrepreneurs “pitch” their ideas to venture capitalists (dragons/sharks) in the hopes of walking away with some money and new partners. Season after…

Read More

How to Setup a Corporation in Canada

By FT / September 8, 2009 /

It’s been a long time coming, but I finally overcame procrastination and put my online business under a corporation. As it’s been mentioned before, incorporating has many advantages for a small business such as: Tax deferral Optimized family tax planning via dividend sprinkling Capital gains exemption should the business be sold Litigation protection These benefits…

Read More