If you have a home-based business or work from your home, you should consider getting business insurance. Business insurance can protect you against loss or damage to physical property or the loss of your business's ability to operate and generate income. Home or tenant insurance will generally not pay for claims related to a home-based business.
Understanding Business Insurance: An Overview for Small Business Owners
[fa icon="calendar'] Mar 4, 2025 4:17:31 PM / by Koroll & Company posted in Corporate, Small Business
Financial Forecasting: A Guide for Small Business Owners - Part 2
[fa icon="calendar'] Jan 30, 2025 3:02:17 PM / by Koroll & Company posted in Corporate
As a small business owner, navigating uncertainty is part of the job. Market shifts, evolving customer needs, and technological changes can all impact your operations. That’s why having a solid strategy to anticipate and plan for the future is crucial—and that’s where financial forecasting comes in.
Financial Forecasting: A Guide for Small Business Owners - Part 1
[fa icon="calendar'] Jan 7, 2025 12:44:59 PM / by Koroll & Company posted in Corporate
For small business owners, financial forecasting isn’t just about crunching numbers—it’s a powerful tool that can help you navigate the future with confidence. By predicting revenues, expenses, and cash flow, forecasting provides insights to guide decisions, manage risks, and plan strategically.
In this blog, we look at four common types of financial forecasting and explore how they can support your business’s growth and stability.
Part 2: Business Valuation Methods and Common Mistakes to Avoid
[fa icon="calendar'] Nov 13, 2024 8:00:00 AM / by Koroll & Company posted in Corporate
In Part 1, we discussed why business valuation is important and what information is needed to get started. Now, let’s explore the methods used to value a business in Canada and the common mistakes that business owners often make during the process.
Part 1: Understanding Business Valuation for Canadian Companies – Why It Matters
[fa icon="calendar'] Nov 8, 2024 12:03:12 PM / by Koroll & Company posted in Corporate
When it’s time to sell or transfer ownership of your business, one of the most important steps is to get a clear valuation. A proper valuation not only helps set a fair purchase or selling price, but it also informs your broader business strategy and tax planning. Understanding the value of your business is crucial to securing the best possible outcome in a sale or transfer.
A Guide to Sales Tax for Startups in Canada
[fa icon="calendar'] Nov 1, 2024 1:23:22 PM / by Koroll & Company posted in Corporate, Tax Tips
Starting a business in Canada involves understanding various regulations, one of which is collecting sales tax. Whether you’re selling products or services, knowing when and how to collect sales taxes is crucial for compliance. Here's what you need to know about sales tax as a startup in Canada.
Is Your Business Prepared? Why You Need to Maintain a Corporate Minute Book
[fa icon="calendar'] Sep 12, 2024 9:49:05 AM / by Koroll & Company posted in Corporate
Running a small business in Canada involves juggling many responsibilities, and amid the daily demands of buying supplies, selling goods, fulfilling customer orders, and growing your business, certain tasks can easily slip through the cracks. One such task, often overlooked by business owners, is maintaining an up-to-date corporate minute book.
Starting a Business in Canada? Choose the Right Business Structure.
[fa icon="calendar'] Aug 28, 2024 11:12:59 AM / by Koroll & Company posted in Corporate
Starting a small business in Canada is an exciting venture, offering various pathways depending on how you want to structure your business. The three primary business structures you can choose from are sole proprietorship, partnership, and corporation. Each structure has its own set of advantages and challenges, and your choice will significantly impact your operations, taxes, and legal responsibilities.