Ready To Start Down The Entrepreneurship Road. Is There An Order Of Steps I Should Take?
That being said, most of the products that I will be manufacturing will be sold to U.S and international customers(hence most transactions will be done in USD). I need to setup a U.S bank account, and taking the advice of many on these forums I will go with a BMO Harris account. I’m also planning to grab a U.S credit card hopefully(so I don’t have to keep paying exchange fees for all the supplies I’m purchasing from U.S distributors).
My main question is with regards to registering my business. From what I have read, it seems better to become incorporated rather than a proprietorship(for liability reasons). What would be the best way to do this. Should I contact a lawyer to get the ball rolling(and how much should I expect to pay in Ontario)?
Business insurance is another thing, but I guess that comes after I register the business.
My background is in engineering, and my business acumen isn’t the greatest when it comes to all the technicalities. Hence why I’m here now before I decide to set sail.