When choosing a business name, there are two things to consider; the business name's marketing potential and its legal elements. The link above will take you to the information you need to choose the best possible business name for your new business when you're starting a small business in Canada.
There are only four basic forms of business ownership you can choose to legally structure your business when you're starting a business in Canada, the sole proprietorship, the partnership, the corporation and the cooperative. Here are the advantages and disadvantages of each of the forms of business ownership. Business name registration is a legal requirement for almost all businesses in Canada.
Follow the link above to find out whether or not you have to register your new business's name and learn all the details about business name registration for new businesses in Canada. While many new small businesses are financed out of their owners' pockets, many others need an infusion of funds from other sources to get off the ground. This page presents the main small business financing options for financing a new business in Canada. While not necessary for all businesses, many new businesses will need to get business licenses before they can operate legally within their municipalities.
If your city or town doesn't have a website, you can find the information in the blue pages of your phone book. You may also need other licenses and permits depending on what kind of business you're starting. Industry Canada's BizPaL is a really useful tool for finding out what permits and licenses you'll need to do business. Available in most provinces and territories, BizPaL will provide a personalized list of the business documents you need for all levels of government.
When you're starting a business , hiring employees may be the furthest thing from your mind, but it's amazing how quickly a business can grow. Learn what you have to do to legally hire someone in Canada. Once you have employees, your business will probably need to register with the Worker's Compensation Board in your province.
Checklists and guides for starting a business
Protect your new business by making sure that you have the kinds of business insurance you need. If you keep good records from the first moment you open your business, things such as accounting and paying taxes become so much easier. The first thing you have to do is open a business account. Here are the best business bank accounts for small businesses in Canada. See these accounting and bookkeeping Resources:. An effective marketing strategy is key to success in business. Things are heating up at The Station this July, with a packed calendar of events, seminars and Talk to an Expert consultations to help you achieve your business goals.
What is SCORE?
This month, […]. Prefer the DIY approach? Use these checklists, how-to guides and other resources when starting your business. Want to start a sole proprietorship or partnership in British Columbia and not sure where to start? Download our Starting Your Business Checklist and find out the key steps you should take to start your small business. Small Business BC takes you through the take nine steps to understanding your target market, competitors, trends and operations. Download this checklist today and find out how to research the market for your business.
- About B Corps;
- Kings of the Dead (Revised and Expanded).
- Gota a Gota (Spanish Edition);
- Business Structure #1: Sole Proprietorship!
- 311 Startup Failure Post-Mortems!
- Just Pig Photos! Big Book of Pig Photographs & Pictures Vol. 1.
Before registering your business, you should consider the different options available to you. Find out the advantages and disadvantages of the three common types of businesses: Sole Proprietorship, Partnership, and Corporation. This publication has been developed as an introductory guide to help you with planning and starting a small business. It provides essential information as well as links to additional resources to help ensure that your new business is successful.
How to Choose the Right Business Structure for Your Small Business
Find Out More. Bookstore B. Starting a Business Small Business BC offers a broad range of advisory services and resources to help you successfully launch your business. Business Plan Consulting and Review No matter where you are in your business planning process, our consulting and review service can keep you on course.
Talk to an Accountant A one-on-one consultation with an accounting professional to ask the specific tax questions related to your business. Talk to a Lawyer A one-on-one consultation with a lawyer for general legal advice on business structures, joint ventures, business agreements, and other legal matters.