Exercise 1&2: Professional organizations/associations & Create a business

Found business resources:
On Google Doc

Group: Deprise Hutton, Shannon Fidler, Erin Nagy, Terolenn Mykituk

The Assignment: Create A Business

  1. Name your business (a name that is not already taken)
  2. Define its business structure
  3. What are the pros and cons for the chosen legal structure
  4. Research and collect documentation (printed and/or online)

  1. Name: Against the Grain Paper Co.
  2. Business Structure: Corporation because it is the safest legal entity, it is a good choice because we plan to open other shops in other places as well as potentially becoming a paper wholesaler.
  3. Corporations Pros
  • Limited liability
  • Ownership is transferable = continually existence of business
  • It is an independent legal entity on its own
  • Can sell stocks to raise capital

Corporations Cons

  • More expensive to incorporate
  • Closely regulated by government
  • More legal documentation
  • Double tax

4.  Search Engine Searches for ‘Name’

search: “Against the Grain Co”

Screen Shot 2015-09-08 at 8.31.05 PM

Search: “Against the Grain Paper”

Screen Shot 2015-09-08 at 8.29.54 PM

Search: “Paper Co”

Screen Shot 2015-09-08 at 8.29.22 PM

Search: “Against the Grain”

Screen Shot 2015-09-08 at 8.28.13 PM

Research and Documentation: City Bylaws, Business Link, BizPal, Canada Revenue AgencyCanadaOneSmall Business BCService CanadaBusiness News Daily


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