Reply To: Legal Considerations

#3081
Judy Evans
Keymaster

Mark,

Let me ask a few questions.

1. If you were to purchase a product or service and did not know that there is a rule that small businesses don’t need to charge GST/HST until they sell $30,000 in a year, and the business told you there are no taxes. What are your first thoughts? Would you question the legitamacy of the business? If so, not charging these taxes can become a negative marketing strategy and hugely impact your business. Remember, we are used to paying these taxes.

2. I have a corporation and have had for many years. Like Rick, I have not used a lawyer for any of the process. Consider a lawyer for legal contracts such as leases, bank loans, etc. where you may struggle with totally understanding the terms and conditions.

Do your research and be informed, it can save you tons of money.

Judy

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