We believe in assisting clients so they can reach substantial growth over the long-term. The information and expertise that we offer comes with years of developing our expertise and working closely with clients. Keeping relationships close, in fact, is our primary goal. We aim to comprehend your situation and business inside-out and to ensure you meet your goals and growth plans. Blue Ocean means success for you right from the start. Let us bring you the very best in accounting and related services. We might be a larger company, but our desire is to always provide the kind of detail and service that a small company does for its clients.
Blue Ocean can easily provide you with all of the business services you need. Our tax solutions can meet any business requirement because we apply an integrated approach to ensure a strong cash flow for investment purposes and enable smooth operations. While providing great advice, we also help to maximize tax breaks. We have assisted numerous clients with income and commodity taxes, succession and estate planning, as well as so many other tax-related services.
Blue Ocean’s team also has expertise at dealing with late filings and tackling CRA notices. Our seasoned consultants have helped achieve many settlements and managed many negotiations with the CRA and other institutions.
Allow Blue Ocean to help you with changing financial data into business information that is easy to understand. We can do this for you as well as take the arduous tasks off your plate, such as the processes and methods for reporting all financial matters.
Our accounting experts have bookkeeping know-how and our payroll management will help any business manage its ongoing tasks, such as:
Blue Ocean Professional Corporation is truly the only company you need to help you start and grow your business. We cater to small and medium-sized businesses and expertly analyze, nurture, and manage all things accounting. Our business accounting experts will enable you to make the best choices and will create a business case that incorporates risk-based solutions and clear advice. Our experts bring together a hands-on background with strong expertise in accounting and management procedures such as organization structuring, taxes, planning, performance metrics, and benefits.
This type of business has one owner who is fully responsible for all aspects of their business. The profits are also theirs entirely. Creditors can personal assets because of their total liability
Partnerships are not incorporated and my exist between two or more individuals. Financial resources are combined in a partnership and user for the business. Profits are also shared between both patterns based on a drafted agreement.
Each partner is liable for the partnership's debts a general partnership. Limited partnerships allow for people to contribute to the business, but not necessarily be involved in operations day-to-day. Professionals (lawyers, accountants, doctors, etc.) may also set up a limited liability partnership.
A partnership agreement is a wise thing to have when setting up a partnership as it. Ensures the terms of the business and assists in avoiding future disputes. Partners should hire a lawyer or other legal person to create an agreement in order to protect each individual's interests and expedite the operations of the business
A common business type is a corporation. Incorporation can be with federal or provincial governments. Corporations are considered to be legal entities that will not be personally responsible for the obligations, debts, or business dealings of the corporation. It is a good idea to get advice before setting up a corporation
A group of members owns and controls a co-op.They may be non-profit or for profit. This business type is uncommon, but may be appropriate for groups of who want to combine their resources for the purposes of common needs
Business owners should choose their business name wisely as it will be on everything they do for a long time
Picking the perfect name is a great way to start the advertising and branding of your business. It also helps with targeting the right customers and getting them to understand what you do.
This nine-digit account number identifies your business throughout all of the governments in Canada. It allows you to open different accounts, such as:
Quebec, businesses must register with Revenue Quebec for GST/HST. Other provinces and territories may have specific requirements as well
The governments of each territory or province may require that a business be individually registered with them.
Incorporation may be done at the provincial or federal level. The first allows you to do business in that province only, while the latter allows you to do businesses in all of the territories and provinces in Canada. Registration in second case may still be necessary and a NUANS name search is also a good idea
Some governments may require special licences or permits depending on where your business will operate and what you will be doing.
Starting a New Business or Buying One
Businesses may change their legal status from one type to another generally by closing the existing CRA and business number accounts and registering for new ones.
All potential owners should evaluate their business potential and probability for success, such as.
Blue Ocean Professional Corporation has many years of tried and tested experience in delivering to our customers the very best in tax, accounting, payroll, and business services. In fact, we can fulfill any of their requirements with our skilled range of team members. Our professional team has the proven industry background and expertise to comprehend all of your most trying professional situations. We strive to foster an environment of solid relationships and friendships with businesses and the local communities we operate in. To that extent, we always ensure that we keep our promises and run our services with the utmost integrity. This is done through focusing on people and businesses as much as possible and following through with each and every service they request. Whatever we do, it is always with our clients’ best interests in mind.
Blue Ocean Professional Corporation has many years of tried and tested experience in delivering to our customers the very best in tax, accounting, payroll, and business services. In fact, we can fulfi...More
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