| |
Rating |
Comments |
|
General Overview |
|
|
|
Assessment of market need for product or service |
|
|
|
Basic industry background of product or service |
|
|
|
Business plan |
|
|
|
Financing |
|
|
Commercial loans
|
|
|
Family loans
|
|
|
Friends’ loans
|
|
|
Government grants and assistance
|
|
|
Personal
|
|
|
|
Marketing plan |
|
|
|
Personal profile as risk taker |
|
|
|
Projected income and expenses |
|
|
|
Considerations for Starting Your Own Business |
|
|
|
Bottom line overhead |
|
|
|
Client development |
|
|
|
Corporation |
|
|
|
Flexibility in products and service |
|
|
|
Franchise |
|
|
|
High risk |
|
|
|
How personal life and business life merge |
|
|
|
Joint venture |
|
|
|
Long hours |
|
|
|
Partnership |
|
|
|
Sole proprietorship |
|
|
|
Buying an Existing Business |
|
|
|
Buyer’s comfort level with business |
|
|
|
Due diligence |
|
|
|
Owner’s reason for selling |
|
|
|
Personal interest in business |
|
|
|
Your reason for buying |
|
|
|
Location |
|
|
|
Building – suitable appearance exterior and interior for
type of business |
|
|
Acoustics
|
|
|
Comfort
|
|
|
Floors
|
|
|
Heating
|
|
|
Landscape
|
|
|
Layout
|
|
|
Lighting
|
|
|
Outside storage
|
|
|
Packing
|
|
|
Snow removal
|
|
|
Waste disposal
|
|
|
|
Zoning – present |
|
|
Potential future changes
|
|
|
If location needs to be rezoned, time span
|
|
|
|
Transportation |
|
|
|
Any road restrictions for trucks |
|
|
|
Nearby air terminal |
|
|
|
Nearby rail terminal |
|
|
|
Nearby truck terminal |
|
|
|
Public transit for customers and employees |
|
|
|
Shipping section |
|
|
|
Street accessibility for customers and employees |
|
|
|
Truck access |
|
|
|
Utilities |
|
|
|
Gas |
|
|
Monthly/annual price estimate
|
|
|
|
Power supply |
|
|
Monthly/annual price estimate
|
|
|
|
Sewers |
|
|
Monthly/annual price estimate
|
|
|
|
Water |
|
|
Monthly/annual price estimate
|
|
|
|
Taxes |
|
|
|
Current business tax assessment |
|
|
Future increases
|
|
|
|
Current property tax assessment |
|
|
Future increases
|
|
|
|
Other tax considerations |
|
|
|
Lease |
|
|
|
Landlord’s responsibilities |
|
|
|
Liability for drawing lease |
|
|
|
Options |
|
|
|
Reviewed by lawyer |
|
|
|
Short or long |
|
|
|
Tenant’s responsibilities |
|
|
|
Professional Assistance |
|
|
|
Banker |
|
|
|
Chartered Accountant |
|
|
|
Lawyer |
|
|
|
Registration |
|
|
|
Articles of incorporation |
|
|
Federal
|
|
|
NUANS search
|
|
|
Provincial
|
|
|
|
Business name |
|
|
Name search
|
|
|
|
Co-operative |
|
|
Articles
|
|
|
Ministerial approval of name
|
|
|
|
Partnership name |
|
|
Limited partner
|
|
|
Name search
|
|
|
|
Licenses |
|
|
|
Building |
|
|
|
Business |
|
|
|
Delivery |
|
|
|
Excise bonds |
|
|
|
Export |
|
|
|
Fuel |
|
|
|
Import |
|
|
|
Liquor |
|
|
|
Municipal |
|
|
|
Professional |
|
|
|
Provincial |
|
|
|
Surety bonds |
|
|
|
Tobacco |
|
|
|
Transportation |
|
|
|
Zoning |
|
|
|
Regulatory Compliance |
|
|
|
Competition Act |
|
|
Consumer protection legislation
|
|
|
Discriminatory business practices legislation
|
|
|
Similar provincial legislation
|
|
|
|
For particular industries |
|
|
Athletic gym owners (i.e., boxing, wrestling)
|
|
|
Auto repair shops
|
|
|
Book and magazine distributors
|
|
|
Car dealers
|
|
|
Cemetery owners
|
|
|
Collection agencies
|
|
|
Condominium owners
|
|
|
Debt collectors
|
|
|
Funeral directors
|
|
|
Movie theatres
|
|
|
Prepaid services such as health clubs
|
|
|
Private bailiffs
|
|
|
Real estate agents and brokers
|
|
|
Travel industry
|
|
|
|
Health-related |
|
|
Food inspection
|
|
|
Packaging/labelling
|
|
|
Product safety
|
|
|
|
Technical standards |
|
|
Pollution control
|
|
|
|
Taxation |
|
|
Capital gains tax
|
|
|
Capital tax
|
|
|
Corporations tax
|
|
|
Customs tariffs
|
|
|
Fuel tax
|
|
|
Gasoline tax
|
|
|
GST/HST
|
|
|
Income tax
|
|
|
Input tax credits
|
|
|
Land transfer tax
|
|
|
Property tax
|
|
|
Retail sales tax
|
|
|
Source deductions
|
|
|
Tobacco tax
|
|
|
|
Patents |
|
|
Issue date
|
|
|
Pending
|
|
|
Registration number
|
|
|
|
Trade-marks and some trade names |
|
|
Date of first use
|
|
|
Issue date
|
|
|
Pending
|
|
|
Registration number
|
|
|
|
Quality mark |
|
|
|
Timber mark |
|
|
|
Industrial design |
|
|
First made public
|
|
|
Owned or licensed
|
|
|
Registration date
|
|
|
|
Copyright |
|
|
Author
|
|
|
Owned or licensed
|
|
|
Performing rights societies (i.e., Socan)
|
|
|
Registration
|
|
|
|
Certification |
|
|
Canadian Gas Association
|
|
|
Canadian Standards Association
|
|
|
Electrical inspection
|
|
|
Laboratory underwriter
|
|
|
|
Industry certificates (as required by provincial law) |
|
|
|
Industry Certification of Other Trades (which may
be optional) |
|
|
|
Labour Relations |
|
|
|
Business information |
|
|
|
Canada/province business service center |
|
|
|
Employment Standards Act (or
similar provincial legislation) |
|
|
|
Equal pay and opportunity |
|
|
|
Minimum wage |
|
|
|
Provincial ministry |
|
|
|
Source deductions |
|
|
|
Vacation pay |
|
|
|
Workers compensation/health and safety |
|
|
|
Resources |
|
|
|
The Alliance of Manufacturers and Exporters Canada |
|
|
|
Better Business Bureau |
|
|
|
Canadian Association of Family Enterprise |
|
|
|
Canadian Association of Specialty Foods |
|
|
|
Canadian Association of Women Executives &
Entrepreneurs |
|
|
|
Canadian Center for Occupational Health and Safety |
|
|
|
The Canadian Chamber of Commerce |
|
|
|
Canadian Direct Marketing Association |
|
|
|
Canadian Federation of Business and Professional Women’s
Clubs |
|
|
|
Canadian Federation of Independent Business |
|
|
|
Canadian Franchise Association |
|
|
|
Canadian Importers Association |
|
|
|
Canadian Standards Association |
|
|
|
Canadian Youth Business Foundation |
|
|
|
Direct Sellers Association |
|
|
|
Junior Achievement of Canada |
|
|
|
Ministry of Education and Training (provincial) |
|
|
|
Provincial Chamber of Commerce |
|
|
|
Provincial Restaurant Association |
|
|
|
Retail Council of Canada |
|
|
|
Retail Merchants Association of Canada Inc. |
|
|
|
Trade Associations |
|
|
|
Young Entrepreneurs Association |
|
|
