Sole proprietorships are registered in Alberta by filing a “Trade Name Registration Form” with the Alberta registries office. Step 1: Choose a business name Although there are few restrictions on a business name, you should choose your name carefully. Business names: don’t have to be unique; duplicate business names may exist however, if you choose […]
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How to register a sole proprietorship in British Columbia
Sole proprietorships are registered in British Columbia by filing a “Statement of Registration Sole Proprietorship” with the British Columbia registries office. Step 1: Choose a business name Although there are few restrictions on a business name, you should choose your name carefully. Business names: don’t have to be unique; duplicate business names may exist however, […]
Starting Your Business in Canada as a Sole proprietorship
Welcome to this post starting a new business in Canada as a sole proprietorship. The purpose of this session is to guide Canadian entrepreneurs in the planning, launch, growth, and expansion of a successful business as a sole proprietor. What is a sole proprietorship? Pros of running your business in Canada as a sole proprietorship […]
How to form a sole proprietorship
Sole Proprietorships are formed in Canada by filing a statement of sole proprietorship registration with the registry office of the desired jurisdiction of registration. The Registration Process Sole proprietorships are registered in Alberta by filing a Declaration of Trade Name with the Alberta registries office. Step 1: Choose a business name Although there are few […]
Cons of running a sole proprietorship
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 […]
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 […]
