All Avalon Corporation lessons are outstanding! Well Done. Many investors having issues understanding corporations and how it work. Thank You for helping us. You changing lives!..Keep It up!
thank you so much for all your videos! I don't watch videos on this topic for fun, it's because I have to in order to understand my business, but these videos are so well made, the instructor is a great pédagogue, and all the pop references crack me up, i laughed way too loud when i saw the South Park image. Cheers from Montréal!
Thanks this is what I did for one of my start ups. I first tested the waters for a business concept and incurred costs as self employed (and claimed business losses against my employment income). I never incorporated AND I did the right thing because at least I got some tax back on my T1 because of these losses.
Thanks for these videos. I just recently DIY incorporated, and plan to be the 100% owner all the time. My startup costs are small (bank fees for the business account, etc), so I don't need loans or anything, but I do have to put some of my own money into the business. However, I can't find any sort of answers as to how managing your personal vs. corporate funds goes. What does this look like from a tax perspective? Can I just claim on my personal taxes that I invested in my own company? Do I have to issue myself shares every time I transfer money from my personal account to my business account? A video on this would be great!
Check out our video on Shareholder Loans! That’s where we explain how to put money into your corporation and what happens when you take it out. I hope this helps!
@@AvalonAccounting thank you so much, that video was a huge help! I still recommend making a video on running a corporation at a sole owner, which has some of that information included. I think the biggest hurdle when starting out is figuring out what kinds of jargon and concepts you need to know - shareholder loans was not on my radar!
Hi Yra (you teach my kids ;) ) - I definitely want to do this is the future - this is a passion project in addition to my full time job so it's a matter of having the time to do it all!
Incredible value here. Thanks!
All Avalon Corporation lessons are outstanding! Well Done. Many investors having issues understanding corporations and how it work. Thank You for helping us. You changing lives!..Keep It up!
agree!
thank you so much for all your videos! I don't watch videos on this topic for fun, it's because I have to in order to understand my business, but these videos are so well made, the instructor is a great pédagogue, and all the pop references crack me up, i laughed way too loud when i saw the South Park image. Cheers from Montréal!
Thanks this is what I did for one of my start ups. I first tested the waters for a business concept and incurred costs as self employed (and claimed business losses against my employment income). I never incorporated AND I did the right thing because at least I got some tax back on my T1 because of these losses.
That’s exactly it! Thanks for sharing this story as I think it applies to lots of new businesses 🙏
LZ IV classic.
Great review of the process.
Thanks for these videos. I just recently DIY incorporated, and plan to be the 100% owner all the time. My startup costs are small (bank fees for the business account, etc), so I don't need loans or anything, but I do have to put some of my own money into the business. However, I can't find any sort of answers as to how managing your personal vs. corporate funds goes. What does this look like from a tax perspective? Can I just claim on my personal taxes that I invested in my own company? Do I have to issue myself shares every time I transfer money from my personal account to my business account? A video on this would be great!
Check out our video on Shareholder Loans! That’s where we explain how to put money into your corporation and what happens when you take it out. I hope this helps!
@@AvalonAccounting thank you so much, that video was a huge help! I still recommend making a video on running a corporation at a sole owner, which has some of that information included. I think the biggest hurdle when starting out is figuring out what kinds of jargon and concepts you need to know - shareholder loans was not on my radar!
I think you need a thumbnail designer
If you could put your material into a podcast as well … I have more time to walk and listen.
Hi Yra (you teach my kids ;) ) - I definitely want to do this is the future - this is a passion project in addition to my full time job so it's a matter of having the time to do it all!