Starting a business is an exciting journey, but it can be complicated and stressful — especially when you add the already difficult process of relocating. If you’re looking to start a business in Canada while moving, there are essential steps you should take to ensure your success. In this article, The Brand Scrubbers outlines what you need to do for a successful relocation and business launch.
Know What to Look For
When searching for a new home, think about how much space you will need for an office setup, as well as whether or not you have access to high-speed internet service so that you can stay connected with clients and colleagues. It’s also important to consider if there are enough local resources nearby, such as grocery stores or other businesses. If you plan to grow your business eventually, you may need to invest in a home that has extra space for inventory or equipment.
Navigate the Homebuying Process
Once you’ve found the perfect home, it’s time to go through the home-buying process, which includes applying for a mortgage loan, searching for home insurance, and closing on the property. Make sure to research available options when it comes to financing so that you get the best deal possible on your mortgage loan terms. Also, look into purchasing homeowner’s insurance that will provide coverage for any damages or loss during transit or at your new location.
Consider Buying a Home “As Is”
A good way to get a fantastic deal on your home purchase is to talk to the seller about any repairs that need to be made and negotiate a bit. It may be wise to consult with a lawyer before deciding whether it is more economical to purchase a home “as is” or invest in substantial renovations after buying. This way, you can factor in the potential zoning laws associated with different areas of Canada. Buying “as is” means you accept responsibility for major repairs, so be careful during this process and examine land records for any red flags.
Register as an LLC
As you go through the home-buying process, don’t forget the business side of things. One of the first steps is to register your business in your current province. This will protect you from any legal issues that could arise from doing business in another province. Make sure to check with the rules of your current province and Canada’s federal rules before officially registering your business.
Keep Contact Info Up-to-Date
After closing on a property, make sure to update contact information on your website and social media platforms so that customers know where they can reach you after relocation. Additionally, if you have any marketing materials, such as flyers or pamphlets, published before moving, make sure they are updated with this information, as well, so customers can easily reach out. Make sure to give your customers several ways to reach you, such as through a chatbot on your website.
Finally, finding pros who specialize in homebuying, startup businesses, and moving can help guide your decisions throughout the process. These experts often have a knowledge base that allows them insight into areas most important concerning launching successful companies and moving within Canada. They understand how best to utilize resources, both big and small, across the entire process leading up to a successful move. See how The Brand Scrubbers can help.
Moving while starting a business requires preparation and organization, but with a good plan, you can take the stress out of the entire process. Take your time finding the right home, and do extensive research into options like buying as-is so you won’t be blindsided. Then, start your business right with legalities top of mind. With these careful preparations, you can move and start your business at the same time with no hiccups.