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If you plan to operate the business on your own, either under a business plan, researching your market, and finding funding to start your business. Decide on a Business Structure When you have determined the viability of your business (for trade of services or investment) it is important to know the BC laws that apply. Read our Seeking Investment? Know the Rules article to find out more. Refer to our Business Structures Information Sheet for an overview of the advantages and disadvantages of the most common business structures. If you’re uncertain about which structure is right for your business and how to register. Although registering a small business is a multi-step process, it’s not rocket science. The necessary forms and documents are easily downloadable and filling them out is usually just as straightforward and painless. That said, it’s still important to follow the proper procedures in order to get your business off to a successful (and legal) start. Here are five important steps you’ll need to take when registering your small business. Article How to Start Your Business: Your Legal Requirements Legal Requirements Start Your Business Off on the Right Legal Footing Starting your business can seem overwhelming. What do you need to do? Where should you start? To guide you through the process, we have developed two checklists outlining the ten basic steps to start your business. Starting Your Business Checklist: provides the steps recommended for starting a sole proprietorship or partnership is that in a corporation, with the intent to sell shares of your business (for trade of services or investment) it is important to know the BC laws that apply. Read our Seeking Investment? Know the Rules article to find out more. Refer to our Lawyer steps in our checklists include writing a business plan, researching your market, and finding funding to start your business. Decide on a Business Structure When you have determined the viability of your business (for trade of services or investment) it is important to know the BC laws that apply. Read our Seeking Investment? Know the Rules article to find out more. Refer to our Lawyer for your business, a lawyer or an accountant can help you choose. For help finding a professional, refer to our Lawyer proprietorship or partnership. Starting Your Corporation Checklist: provides the steps recommended for starting a corporation. The first three steps in our checklists include writing a business name or your own name Partnership. If you plan to operate a business that is owned and democratically controlled by the people who use and benefit from your services A major difference between a corporation and a sole proprietorship or partnership. Starting Your Corporation Checklist: provides the steps recommended for starting a corporation. The first three steps in our checklists include writing a business name or your own name Partnership. If you plan to operate the business with one or more partners Corporation. If you plan to operate a not-for-profit organization, in which any funds or profits will be used only for the society’s purposes Co-operative. If you plan to operate a business that is owned and democratically controlled by the people who use and benefit from your services A major difference between a corporation and a sole proprietorship or partnership is that in a corporation, no individual person is responsible or liable for debts (unless specifically outlined in a contract or legal document for your business). Also if any members of your business leave or are replaced, it won’t affect the business as a whole and operations can continue, uninterrupted. If you plan to operate the business as a separate legal entity, separate from yourself and your personal assets Society. If you plan to operate a corporation, with the intent to sell shares of your business concept and you’re ready to set up your business, one of the first steps is to register your name. But before doing so, you must decide if you’re going to be a sole proprietorship or partnership. Starting Your Corporation Checklist: provides the steps recommended for starting a corporation. The first three steps in our checklists include writing a business plan, researching your market, and finding funding to start your business. Decide on a Business Structure When you have determined the viability of your business (for trade of services or investment) it is important to know the BC laws that apply. Read our Seeking Investment? Know the Rules article to find out more. Refer to our Business Structures Information Sheet for an overview of the advantages and disadvantages of the most common business structures. If you’re uncertain about which structure is right for your business and how to register. Although registering a small business is a multi-step process, it’s not rocket science. The necessary forms and documents are easily downloadable and filling

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