Company
Program

• Celebration Week is for you and your team to meet for one last time and celebrate your successes and achievements of the year!
• How you want to run Celebration Week is entirely up to you. You can discuss as a team and share ideas and suggestions on how you want to celebrate. For example, do you want to pool together money for a pizza party or host a potluck and have everyone bring some food and/or snacks? Do you want to plan decorations? music? games?
• Celebration Week is an opportunity to celebrate and recognize the achievements of the team. How will you recognize each other’s contributions (peer and advisor recognition)?
• As advisors, you can consider creating your own awards/acknowledgements to give out to the students (Most Improved, Most Creative, Extraordinary Effort, Most Punctual, Most Responsive, Most Organized, Best Listener, Rising Star, Team Player, Future Leader, Most Curious, etc.)

• Share how you celebrate with your team to gain 15 team challenge points!
• Post on social media and tag @JACOCompanyProgram and upload your post here.

• Submitting Fixed Costs (or Income Statement proving profit < $200) by April 2 - 10 points
• Submitting Final Shareholders Report by April 9 - 50 points
• Submitting Yearbook by April 9 - 50 points
• Submitting Celebration Week post by April 18 - 15 points
• Submitting Advisor Recognition Video by April 23 - 50 points
• Submitting Year End Survey (details to come) - 30 points

• converting what a company owns (its assets) into cash
• settling all accounts (i.e. paying suppliers and collecting from customers)
• distributing the remaining cash to shareholders
• winding up the company

• Collect and deposit all cash from sales and reconcile your records
• Collect any refunds from suppliers

• Review your accounts payable and payroll and settle your debts
• Pay off outstanding fees to vendors/suppliers first
• Pay fixed costs, bank fees, payroll, taxes, charitable donations pledged

• Distribute dividends and profits to shareholders

• Vendors/Suppliers (any outstanding bills for material purchases, etc.)
• Outstanding JA Invoices – this is your fixed costs
• All wages, salaries, and commissions (or a percentage of these amounts if cash on hand does not cover the total)
• Preferred Share Face Value and Dividends (if your team issued preferred shares, these are paid out first)
• JA Profit Tax (if your team made a profit of $500 or more, you must pay a 10% profits tax to JA)
• Any remaining profit is then divided equally amongst common shareholders (students)

• Wages are mandatory this year. Wages can start as low as $0.50 per student per meeting.
• During your team's liquidation, wages are to be paid out for weeks 5 to week 18.
• Students must attend the weekly meeting in order to be paid their wage.

• As part of the liquidation process and closing, you must prepare an income statement and final balance sheet
• If you are using the JA Record Keeping Tool, you should be reviewing and completing the following sheets: FIN6 (Income Statement), FIN7 (Balance Sheet) and FIN8 (Payroll Calculation). If you need a refresher, review this video here. You may also find this video helpful.
• JA does not require an external auditor, but your advisors should be reviewing your financial statements and ensure its accuracy
• JA will reserve the right to review and audit all financial statements and final reports, including those who submit for company program awards

• Distribute dividends and remaining profits by e-transfer, cheques, or cash to shareholders.
• Make sure you continue to keep accurate records of these payments.
• Be sure to let all Shareholders know when the JA bank account will be closed (if applicable). Cheques need to be distributed and deposited at least two weeks in advance of this date to allow time for processing. Any cheques deposited after the bank account deadline will not be honoured.

• Follow the guidelines for the Shareholders Report here.
• Follow the sample agenda for the final status meeting here.
• Each department VP should oversee their section for the final reporting but should work collaboratively with the rest of team (executive and non-executives) to complete each section.
• Make sure you allow time for your team and advisors to review your report before submitting to JA.

• Upload your report here by Sunday, April 9th.

• The advisors who have signing authority on the account are responsible for closing the account no later than July 1, 2023.
• There should be no remaining funds in the bank account at time of closing. If any funds remain, it can be donated to JA.
• Please send a confirmation to companyprogram@jacentralontario.org to confirm that your bank account has closed.

• Even if you wish to continue your business, you must complete the liquidation process to close off your relationship with JA.
• Once you have liquidated and submitted your final report, you may continue your business as you wish – it will then be your responsibility to complete any required business registration processes including registering your name and business, setting up your own business bank account, etc.
• Your team must have in writing which members are continuing on with the company. Those who do not continue with the business will relinquish their stake in the company going forward.

• The Shopify store provided to you by JA is valid for one year from the date of opening so most accounts will automatically expire by December 2023 or January 2024.
• If you wish to keep your Shopify store, JA can transfer the ownership to one individual on your team. Once the free membership ends, you will be responsible for all required membership fees going forward. Please notify companyprogram@jacentralontario.org by May 1st if you wish to keep your store.
• If you do not wish to keep your Shopify store, JA will close all stores by July 1, 2023.
• Before JA deactivates your store, consider the following:
• Make sure you have fulfilled all of your orders. You can set your online store with a password to stop any additional orders coming in.
• Make sure that you pay any outstanding charges that you might have.
• Save your store information by exporting CSV files.
• If you have any third-party apps that have your payment information outside of Shopify, then cancel your service with those apps to avoid being billed externally after you deactivate your store.
• If you have a custom domain that you bought through Shopify, then you can transfer it to another provider if you wish. If you have a custom domain that you bought through a third-party, then you can remove it from your store using your Shopify admin. If you don't remove your domain from your Shopify store before deactivating it, then you might not be able to use it for another website. Make sure to turn off auto renewal for your custom domain on your registrar's website to avoid unexpected charges.
• Once you are confident that you have completed all necessary steps, please email companyprogram@jacentralontario.org and we will close the store.

• Send E-transfer to: (email address)
• Utilize the following: Security Question + Answer (case and space sensitive)
• In the message section, please include your order number.

• Send E-Transfer to: (email address)
• In the message section, please include your order number
• Please note that your order will be processed upon payment.

• This provides the e-commerce platform only - students are still required to source out their own products/services to drop ship. Shopify recommends the "Print On Demand" option for teams who are considering the drop shipping method. Please note that a credit card may be needed for drop shipping. If this is a concern for students who do not have access to a credit card they are comfortable using, please let us know.
• Shipping will be set to within Canada only - no international shipping will be allowed.
• Taxes will be turned off, and students will not need to charge taxes on their items.
• Digital products can be sold through Shopify (i.e. products that require digital downloads).

3.06.01 JA Brand Guidelines

CP F23 Team Listings with Sponsor

• There are specific JA guidelines around sponsorship that you must review and adhere to
• You must provide a list of your prospects to JA for review before you reach out
• You must use a template disclaimer in your communications to prospects

• We've updated the guidelines to clarify that sponsorship can refer to both in-kind and cash/monetary sponsorship
• We've also updated the guidelines to request that teams who secure a cash/monetary sponsorship of $300 or more inform JA of your agreement

Student Management Training - PowerPoints

You can review the Student Management Breakout Room Slides through the links below.

• SMT Finance Breakout PowerPoint
• SMT Technology Breakout PowerPoint
• SMT Sales Breakout PowerPoint
• SMT Production Breakout PowerPoint
• SMT President Breakout PowerPoint
• SMT Marketing Breakout PowerPoint
• SMT HR Breakout PowerPoint