Setting up your startup
Third in a 5-part series about where to get free startup help
Roger Pierce, Special to QMI Agency
Once you’ve written your business plan, found start up money, organized your suppliers and feel ready to go, setting up the nuts and bolts of your business should be easy. Check out these resources for some help.
You’ll have to decide on a form of business structure for your new business. Your choices are sole proprietorship, partnership or corporation. Each carries distinct advantages, disadvantages and costs. A lawyer or accountant can advise you on the best choice for you and your business.
Or, you can visit your local Enterprise Centre (usually within your City Hall) to visit with one of their business consultants for free. If you know what you want, you can proceed to register your business at Cyberbahngroup.com.
Permits and licences
Trying to figure out what types of permission you need to open your business can be a nightmare. Thankfully, Canada’s provinces, territories and hundreds of municipalities have collaborated to provide you with the permits and licences that may be required. Simply go to Bizpal.ca.
Over time your customer information will become your biggest business asset. Decide now how you will capture, record, safeguard and update your customer data. Go online to research free cloud-based solutions like Zoho.com and FreeCRM.com.
Canadian businesses must follow rules set out by federal, provincial and municipal governments and other agencies. For example, if you plan to hire employees you’ll need to open an employer account with the Canada Revenue Agency (CRA). You can set up most government accounts easily at cra-arc.gc.ca or canadabusiness.ca.
— Startup expert Roger Pierce has launched 11 businesses, co-authored a book and advised thousands of entrepreneurs worldwide. Contact him at NewcomerStartup.com.