Started a new corporation - some questions
I recently just started a new corporation.I won't be hiring an accountant until I know the business is for sure viable. I don't want to get into details of why I incorporated before I fully knew that, but it was a strategic decision (from a liability standpoint and the legitimacy of contracts). I will hire an accountant down the line, but for now, I'm wondering what I should do, and would appreciate any advice.
Is it OK to just track and log everything that I've done from an expenses perspective, and then the accountant will take over when I've hired him or her? I won’t have any revenue for a while.
1. I'm currently paying expenses from my personal credit card. What I'm doing is keeping all the receipts physically and electronically, and then keeping the credit card statements. Is this adequate? I'm assuming I'll just expense myself back once my accounts are up and running...
2. As I’m the sole owner and director of this corporation, do I NEED to issue myself any shares?
3. Do I need to inject money into my business account, so that later on, I can reimburse myself for the expenses? If I’m not generating revenue for a while, should I just put in whatever my initial investment was for launching the business?