Choose a business Idea
First, decide the type of business you want to start and identify the products or services you will offer.
Business Plan
Create a detailed business plan outlining your goals, target market, competition, financial projections and marketing strategies
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Choose a business Structure
Select a suitable business structure such as sole proprietorship, partnership, corporation, or cooperative.
Business Name
Choose a unique and distinguishable name for your company. Check for its availability and register it.
Register With the Government
Register your business with the Canadian government through the appropriate provisional or territorial.
Obtain Necessary Permits and Licenses
Depending on your industry and location, you might need specific permits or licences to operate it.
Obtain a business number ( BN)
You will need a business number (BN)for tax purposes. The Canada Revenue Agency assigns it.
Open a Business Bank Account
You should set up a business bank account to separate your personal and business finances.
Hire Employees (if needed)
If your business requires, follow employment regulations and ensure proper hiring procedures.
Get Business Insurance
Protect your business from unexpected events, liability claims, and property damage.
Start Operations
Once all legal requirements are met, start offering your products or services and work towards achieving your goals.