Every industry has a different meaning of what it takes to become established. An established real estate agent for example might become established when they are receiving referrals from current clients. A restaurant might become established when it becomes well known in a neighbourhood. A retail store might become established when they become locally as a place to shop for a specific item.
Being established means that you have weathered the storm of being a new start up and are entering the next stage of your business. This might mean you are busy enough you need to hire employees or maybe you need a bigger or newer location. It might mean you need to upgrade something like a refrigerator or oven at a restaurant or a computer as a graphic designer. Now that your business is growing it may be time to begin paying HST.
Chartered Professional Accountant in Mississauga James Walker can help you make the transition to Established Business. If you are already there, he can guide you on best practices to ensure you are headed on the path to financial success.