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NEW WESTMINSTER · E-2 FIELD GUIDE

Which records prove that money was actually spent on the business?

Sources checked:

THE DIRECT ANSWER

Bank transfers into the company account, invoices and receipts for inventory, equipment, software and professional services, signed platform and supplier agreements, and the accounts that tie them together. Records showing funds still sitting untouched demonstrate the opposite of commitment, so identify what has already left the account and what it purchased.

Reconcile the names on every statement

Online businesses often accumulate accounts opened under a personal name, a trading name and a registered company name. Before assembling anything, put those identities side by side and correct the ones that do not match the entity making the application. Where a supplier or processor still bills the founder personally, note it and ask how it should be handled, rather than leaving an adjudicator to guess which party owns the arrangement.

Put the identities side by side before assembling anything, since online businesses accumulate accounts opened under a personal name, a trading name, and a registered company name. Correct the ones that do not match the entity making the application, and where a supplier or processor still bills the founder personally, note it and ask how it should be handled rather than leaving an adjudicator to guess who owns the arrangement. The evidence itself is ordinary: bank transfers into the company account, invoices and receipts for inventory, equipment, software, and professional services, signed platform and supplier agreements, and accounts tying them together.

Identify what has already left the account and what it bought.