Wednesday, December 22, 2010

g dot moda inc.

Well, the company is now incorporated under Canadian law as "g dot moda inc." The incorporation process consists of having an official name search done for the proposed name and any likely variants (the idea is that the name must be distinct from those of other businesses so as not to cause confusion), preparing the Articles of Incorporation, then paying some fees and submitting the application for approval. This used to take several days, but this time the approval came back the same day. It turned out that there is already a "C.G. Moda Ltd" in Canada, and I know there is a G. Moda in New York (a furniture company), so going with "g dot moda inc." is much more distinctive and is what my website address is anyway!

I now have to have the company Registered under Quebec law - the Quebec government will give the company a unique taxation number and the name will be recorded in the Quebec business registry. The paperwork has gone in the mail for this - unlike the feds, this still has to be done the old way.

So is now officially incorporated, which means I am ready to set up a bank account for the company, as soon as I get home in January. I'm leaving for Victoria later today for the Christmas holidays, to spend time with one of my brothers and his family, as well as old friends.

My priorities when I get back are to finalize the design of the g-zip garment line (my first line) and get the company's finances into order. I have decided to focus my effort more towards the first garment line, to at least get that off the ground ASAP, before focusing more on the second planned garment line, g-eode. I have ideas about several other lines - these ideas are firming up over time.

Merry Christmas and a Happy New Year!

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