How to register a company Sole Proprietor or Partnership
Product description:Registered Sole Proprietorships and Partnerships are the most common and basic type of business setup. Ideal for your small business or company startup.
How to Incorporate or Register Your Business
Registered Sole Proprietorships
Generally in a sole proprietorship, you are the sole owner of the business, its assets and are personally responsible for all debts and liabilities.
While you may have employees, usually you would manage the business and run the show yourself and be completely in charge.
Setting up a Registered Sole Proprietorship
Usually you simply go to the local Provincial business registry office, fill in a very simple form, pay a small fee ($60 or so) and you are in business.
Each province has slightly different rules, but they are straight forward.
Choosing a Name:
You are not required to do a business name search through NUANS, but it is a very good idea to make sure no one else is using your proposed company name.
If you intend to operate under anything other than your own name, the business name must be registered.
In any event, make sure your name is not being used by someone else or so similar that it could be confused. You might be sued by the other company.
A proprietorship must be registered in the province in which it operates.
Anyone can set up and register a sole proprietorship.
Various licences are required. Usually these include a sales tax licence, vendors' permit, and any municipal permits. The registry office will tell you exactly which ones you require and can often direct you to the right office.
Registered Sole Proprietors and Partnerships
Registered Sole Proprietorships and Partnerships are the most common and basic type of business setup.