INVESTING Q’s

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INVESTING Q’s

How does anyone find investors? Well, M.I.R. can help. Some questions most have before we engage in business helping you find MONEY.

Q – Is M.I.R. Capital registered with any government body or be certified?
A – M.I.R Capital is not required to register with any government body nor does it require any certification. Why? Well, M.I.R. Capital does not engage in recommending or selling securities of any kind. That is the “Personal Wealth” field and M.I.R. Capital does not offer or give financial advice regarding those financial instruments.

Q – What is the law regarding your statement about being certified.
A – Read from a Canadian business lawyers website on the laws in Canada. CLICK HERE

Q – What are the laws in BC for equity management, raising business capital or starting a Venture Capital Fund?
A – All BC companies must register your business when you start a Venture Fund. And that is something that M.I.R. Capital is reviewing and we will be deciding if we create a Venture Capital fund.

If you are looking to invest into the market or other investment instruments, view BC SECURITIES COMMISION website.

Q – Does M.I.R. Capital recommend any investments in the capital markets?
A – No, we recommend you visit a Canadian Chartered Bank. They can give you all the advice you need regarding the capital markets and personal wealth options.

Q – Do you recommend in investing in small business?
A – Small business is always an investment option. Do your due diligence, talk to several sources. Lawyers, Accountants, Investment Managers, Realtors, Family, Friends and go and talk to a business owner in the same industry. They are more than willing to tell you about investing in small business.

Q – Is there a minimum or maximum amounts of funds to invest in a small business?
A – It depends on the age and position of the company. If its a start-up, any cash or investment is positive. Once the company has reached a certain age and revenue level, the company will have a “market value” and the company will have value. A “valuation” is usually performed after the first year of business. Sometimes its done later when the company achieves a certain level of annual revenues or part of a strategic plan or an exit strategy.


CLOSING NOTE
Always do the work to find out where any investment currently is. If a business owner is not willing to provide these documents , walk away , no run away from the investment.

  • Tax Return Summary for every year the company is in existence.
  • GST / PST or any provincial tax returns that apply to that business.
  • Debt to Revenue report
  • Annual Accountings provided by an accredited accountant
  • Access to the companies bank account and history through bank statements.
  • All legal documents for the type of business registration the company currently has (Sole Proprietorship, Limited Corporation, etc.)
  • Ask to spend 30 days actively participating in the companies day to day operations.
  • Talk to competitors, find out what the industry is doing for their company.

    There are many different means you can use to establish the best picture you can regarding an investment. Do not trust someone’s word. Review all information and then some. Realtors , owners or agents may not be the most trust worthy sources of information. Trust your lawyer, laws in Canada maintain that lawyers release all information in your vetting process.

    M.I.R. Capital can assist you with the purchase or investment in a company. However, we always recommend you talk to a lawyer.

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