Creating a business plan is the most important starting document. Use your Business Plan to help obtain start-up funding. Obtain financial commitment before proceeding with your new venture.
Some things to think about:
Decide on the form of ownership of your business and seek legal advice regarding necessary legal requirements. Are you are going to operate as a sole proprietorship, partnership, incorporated business or corporated.
Obtain information about provincial business licensing requirements, determine whether your business is affected by any health or environment legislation.
All commercial businesses with more than $30,000 in gross annual taxable sales and revenues must register to collect and remit the Goods and Services Tax.
Register with Workers compensation board
Obtain an employer's account number for Unemployment Insurance, Canada Pension Plan and Federal Income Tax Deductions.
Locally you will need to contact By-Law and Licensing Department to obtain a municipal Business Licence.
IMPORTANT When phoning provincial government departments, USE the government RITE number. Contact the RITE operator at 310-0000. This will help you to avoid costly long distance charges.