If you're thinking of starting a small business in Canada, then first off congratulations, we’re rooting for you! But there are a few things you need to do to get started. One of them is registering your business. We’ve put together a quick guide on how to register a business in Canada.
First, you need to choose a business structure. There are four main types of business structures in Canada: sole proprietorship, partnership, corporation, and co-operative. Each has its own advantages and disadvantages, so it's important to choose the right one for your business.
Sole proprietorships are businesses that are owned and operated by one person. Partnerships are businesses that are owned and operated by two or more people. Corporations are businesses that are owned by shareholders. Cooperatives are businesses that are owned and operated by a group of people who share the same economic interests.
Once you've chosen a business structure, you need to register it with the government. You can do this by visiting the website of the Government of Canada's online business registration service. Once you're there, you'll need to provide some basic information about your business, such as your business name, contact information, and business address.
Finally, you will need to decide on a name for your business. The name you choose must be unique and not already in use by another business. Once you have chosen a name, you will need to register it with the appropriate government body.
After you've registered your business, you'll need to get a business license. You can do this by contacting your local municipality. They will be able to tell you what type of license you need and how to go about getting it.
With all of this in mind, registering a business in Canada is not an overly complicated process. However, it is important to make sure that you do everything correctly in order to avoid any potential problems down the road.
Once you have your business license, you're ready to start operating your small business in Canada! We’re thrilled to help Canadian small business owners in any way that we can, and look forward to watching your business flourish!
Advice and research for Canadian small businesses from our expert team