Backdating gst registration
Many entrepreneurs have difficulty raising finance through traditional sources. New businesses have an inherently higher risk than established businesses, and future cash flow is not certain.
You will need collateral in the form of cash or assets to obtain finance from a bank.
I am sorry Radz, but you have no idea at all, and you dont read. Here I am pledging for help, and this is the best you can offer?
Hope you dont ruin the good helpful reputation of this community.
I just hit the point at the end of November as to when I needed to register for a GST number.
I got one and they put my reporting dates as December 17 2012- December 31st 2012..can I back date this to include the last week of November?
2) Obtain finance You will need to decide how to finance your new business venture.
In addition to mandatory registration, a person can voluntarily register for the GST/HST, even if the person has not made a taxable supply.If you are using a company structure for your business, you will need to arrange for the issue of shares.Having a mutually agreeable balance of power between the investor and the entrepreneur is the key to a successful financing relationship.Registration for the GST/HST is mandatory when a person becomes liable to charge and collect the GST/HST as a supplier of goods or services.
In the ordinary course, the supplier will register prior to that time.
If it is too complex it can become difficult to manage.