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RURAL MUNICIPALITY OF ST. ANDREWS · E-2 FIELD GUIDE

Can the business plan assume both adults work without checking their basis?

Sources checked:

THE DIRECT ANSWER

Review each actual role and permission before relying on that assumption.

Separate staffing from legal authorization

A financial forecast does not establish a principal case or derivative status. Explain the business’s real operating capacity and relevant individual records.

Funds genuinely committed to acquiring and operating the business — purchase price, inventory, equipment, deposits under binding terms — are usually the core. Start with the actual purchase price or start-up cost, then separate capital already paid or irrevocably obligated from contingent ideas and from personal living expenses. Confirm official government charges when action is taken without importing an old amount, and define the scope of legal, accounting, tax, valuation, and commercial review. The substantial costs sit outside the application: a business plan, an independent valuation, accounting and legal work on both sides of the border, and the fact that the category must be renewed rather than concluded.