Liability If your business owes someone money, so do you. And if someone sues your business, they’re suing you personally. Other structures like corporations—act as a shield for this kind of liability. The sole prop doesn’t provide any kind of shield. Uncertain lifespan If a sole prop owner decides to go out of business, the […]
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Pros of running your business in Canada as a sole proprietorship
Total ownership When you have a sole proprietorship, you’re the sole owner. While you’re liable for all the business’s debts, you’re also entitled to all its income. And when it’s time to make a business decision, you’re not legally required to check with shareholders or partners. Cheap and easy setup It costs zero dollars to […]
What is a sole proprietorship in Canada?
A sole proprietorship is an unincorporated business that is owned by one individual. It is the simplest kind of business structure. The owner of a sole proprietorship has sole responsibility for making decisions, receives all the profits, claims all losses, and does not have separate legal status from the business. If you are a sole […]
Manitoba Business Registration Frequently Asked Questions
What you need to know when registering a business name: Finding and registering a business name is one of the most important steps you will take when starting your own business. Usually, it’s the first step you take. Under Manitoba law, you must register your business name with the Companies Office, which is a public […]
A new way to discover Google tools to grow your small business
Small businesses make a big impact on our communities–creating jobs, treating customers like family, and often defining what makes a town unique. Over the years, we’ve built a range of tools to help these businesses use the web to grow and thrive. In 2018, our Search and Advertising tools helped create $335 billion in economic […]
This Entrepreneur Identified The Gap Left By Bloomberg And Built A $1.4 Billion Business
David Gurle has pioneered much of how we communicate today as well as the next generation of internet privacy tools and has formed a syndicate of global financial institutions. David recently appeared as a guest on the DealMakers Podcast. During the exclusive interview, he shared his journey, the experience as well as lessons learned working […]
The Two Things You Need to Know to Succeed as an Entrepreneur
Is there a “secret sauce” for succeeding as an entrepreneur? Judging from what venture capitalists look for in a startup — typically, the team, the product, the market — there’s nothing specific that creates success. So probably not. After all, most if not all entrepreneurs try to get the best team, the best product, and […]
Making The Leap From Corporate Leader To Successful Entrepreneur
In my research with women leaders and entrepreneurs, it’s clear that women are taking success into their own hands. Unable to get the freedom and flexibility they want to live a balanced life or close the gap on equal pay, many women are making the leap to entrepreneurship. It doesn’t matter if you have a […]
Million-Dollar, One-Person Business Revolution Accelerates
When Apurva Batra, now 29, walked into a supervisor’s office at Chevron and gave notice that he was leaving his engineering job, the incredulous look on his manager’s face said it all. Batra read the look in his eyes as, “Why would you want to quit this? No one does this.” It was easy to […]
Forming a Canadian subsidiary
Canada Company Registration Company Formations Canada offers fast and easy company registration in Canada for non-Canadian residents and foreign companies wishing to operate and do business in Canada. Register a new company in Canada as a non-Canadian resident https://companyformations.ca/canada-corporations-non-canadian-residents/ Register a foreign company in Canada https://companyformations.ca/extra-provincial-corporations-licence-outside-canada/ Canada Registered agent services for foreign companies and non-Canadian […]
