Sole proprietorships are registered in Nova Scotia by filing the form “Application for Registration of a Business Name” with the Nova Scotia Registry of Joint Stock Companies. 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; […]
How to register a sole proprietorship in the Northwest Territories
Sole proprietorships are registered in the Northwest Territories by filing the Form # 2 “Declaration of a Business Name” with the Northwest Territories registry office, Department of Justice. 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 […]
How to register a sole proprietorship in New Brunswick
Sole proprietorships are registered in Manitoba by filing the Form # 1 “Registration of a Business Name and Business Filing Request” with the Manitoba companies 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 […]
How to register a sole proprietorship in Manitoba
Sole proprietorships are registered in Manitoba by filing the Form # 1 “Registration of a Business Name and Business Filing Request” with the Manitoba companies 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 […]
How to register a sole proprietorship in Alberta
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 […]
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 […]
