Get Your Business Incorporated in Downtown Toronto
Beyond incorporating your business, we also have a complete range of tax and accounting services that will help you run your business smoothly, streamline all your processes, and grow it successfully. This includes tax returns, corporate taxes, bookkeeping, payroll services, and so much more. So not only do we help you start, but we also make sure you achieve all your objectives and goals by providing the best financial services and support.
We provide you with a superior and exceptional experience whether you are starting an LLC, S Corp, or C Corp.
Why Choose GTA Accounting for Business Incorporation in Downtown Toronto?
Apart from the fact that we have the experience, skills, and knowledge that you’re looking for, we also help you with the following things:
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Meet Our CPA
Steven Matos is a Chartered Professional Accountant at GTA Accounting, a Toronto-based accounting firm with offices in Toronto, and Mississauga. The firm touts a high 5-star Google rating and has been selected by Clutch for service awards two years in a row.
Because of Steve's business background, he is able to pair bookkeeping and tax services with management consulting providing an edge over other similar accounting firms. Offering affordable rates, GTA Accounting works with small business owners and large companies with over $40 million in annual gross revenue.
Unit 501 – 250 Consumers Road
North York M2J 4V6
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Choose The Right Type Of Incorporation For Your Company In Downtown Toronto!
Not all men are created equal, and the same goes for all businesses. Before you start your business or incorporate it, you must realize the differences between the type of incorporations in downtown Toronto and decide which one is right for your company’s future. Suppose you are new to the incorporation processes. In that case, our business incorporation services in Downtown Toronto are just what you’re looking for.
We help you decide which type of incorporation to go for. For a new business, an LLC can be a perfect choice. It provides limited liability to the business owners, and it’s not complicated to operate. Our expert CPA will take you through the entire process and guide you towards the best choice. Call us NOW to set up your first consultation.
Client Success Stories
Limited Liability Company (LLC)
What is an LLC, and why is it good for you? LLC stands for Limited Liability Company, and it is a combination of corporation and partnership. How is that? Around 80% of all small businesses in downtown Toronto as well as all over Canada are LLCs. LLC has fewer requirements and offers a more flexible ownership model as compared to other incorporation entities. You also get limited liability protection. This ensures that all the company’s assets are shown as in the ownership of the LLC. They are not shown as personal assets of the owner. Our expert CPA talks you through it all when they guide you through the process.
Another benefit of incorporating your business as an LLC is choosing how your business is treated as a taxable entity. This can help your business if your income tends to fluctuate.
Canadian-Controlled Private Corporation
As you can see in the name, a Canadian-controlled private corporation is private. However, that is not the only criteria. There are other conditions as well which our Accountant can provide you with.
All of the shares of a Canadian-controlled private corporation must be owned by a non-resident Canadian, a public corporation, or a corporation whose shares are listed on a designated stock exchange. If any of the above conditions change, your business will no longer remain a CCPC. For example, if some of the shares were sold to non-residents or if some of the shareholders become non-residents, it could change the status of the business.
On the plus side, you can get a lot of tax advantages of being a CCPC. For example, you can access enhanced investment tax credits, capital gains exemptions, and R&D tax credits. Moreover, when you work with the expert CPA team of GTA Accounting, they guide you through the entire process and explain it all to you.
Your business can be a public corporation if you have a class of shares listed on a Canadian stock exchange. However, that is not the only way. You can also become a public corporation if you fall under regulation 4800(1) of the Income Tax Regulations. In addition, if you have selected or been designated as a public corporation, you can choose not to be.
You could also have a 'Controlled by a Public Corporation' business type as it is a subsidiary of a public corporation. But when you file the T2 Corporation Income Tax Return, you will not qualify as a public corporation.
If your business does not fall under any of the above types of corporations. it will be designated an “other corporation” status.
Why Choose GTA Accounting?
Every year in Canada, legislators tweak and twist financial laws, leaving the average individual and business owner at a loss when faced with making financial decisions. We stay on top of new financial and tax laws on your behalf and offer custom made tax accounting and financial advice to help you and your business develop budgets and set financial goals. Still not convinced about what makes us a professional accounting firm? Read further below:
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If you're ready to find out how an Accounting firm in Downtown Toronto can help you maximize your tax strategies, contact us for a Free Consultation.