7 Quick Tips for Completing Your Owner Operator LMIA Business Plan

1. 7 Quick Tips for Completing Your Owner Operator LMIA Business Plan If you are applying for a Labour Market Impact Assessment (LMIA) work permit under the owner operator option, you will need to make a strong personal and business case. The required Owner Operator LMIA Business Plan is the best way to present this information in a logical, orderly way. The following tips will help ensure your LMIA business plan represents you and the business endeavor well. 1.Start Research Early – You should begin planning your owner operator LMIA business plan weeks or months before you begin to write it to allow proper time for research. 2.Choose Your Location Wisely – Every province in Canada is different. They have different cultures, economies, consumer preferences and needs. Make sure your business goals align with the needs of the province in which the business is located. 3.Emphasize the Benefit to Canada Throughout – Ultimately, those reviewing your application are looking to ensure that the business you will assume a controlling interest in is going to bring a

2. benefit to the economy. You don’t want to oversell it but, take every opportunity in your LMIA Business Plan to backup and support this point, whether explicitly or implicitly. 4.Organize Your Personal Financial Documents – As supporting documentation to your application and your LMIA business plan, you will need to present your personal finances. It is not only needed to support that you can make the intended investment, you must also demonstrate that you will be a financially stable resident. 5.Make Your Involvement Clear – Part of the requirements for a successful LMIA owner operator immigration case is not just that you will have a controlling financial interest, but that you will be involved in daily operations. Your involvement is the main reason you need to be present in the country. If this point is not compelling or clear, it will likely damage your chances of case success. 6.Consult an Expert – All the business and entrepreneur immigration paths can be quite competitive. Involving an immigration expert, such as an immigration lawyer or immigration consultant, can help you position your application in the best way possible. Pair that with a professionally written owner operator LMIA Business Plan and you will be well on your way to becoming a Canadian resident. 7.Write Your Executive Summary Last – This tip actually applies to any business plan but, is just as applicable with the LMIA Business Plan. The executive summary should be a brief yet captivating introduction to your overall plan. It is imperative that it accurately reflects the contents of the overall plan and the only way to do this is to write it after the rest of the LMIA business plan is complete. There are no guarantees when it comes to an immigration application, regardless the path or program you are attempting to enter under. The Owner Operator LMIA Business Plan is a powerful opportunity when leveraged correctly. Creating your business plan is not just about completing a check list but,

3. rather painting a picture and telling the story of your business and your involvement. The above tips will help ensure you do just that.