Is it necessary to register your business? Apart from the fact that it is illegal to operate without the proper business registration papers, the lack of business permit prohibits you from going all out in your marketing campaign. Sadly, such action might result in less exposure than your competitors which only translates to low business income. Be proactive in running your business and take care of all the licensing and registration requirements with the government of Canada.
Did you know that you can register your business online? You may check Business Registration Online, the one-stop shop for all your federal business registration needs. The website features the list of all the requirements that you need to comply to get registered. Where do you begin your application?
You must make a list of the permits and licenses that you need to comply and the requirements that they come with. Some of them might require the same things, so it would be much easier if you have a list, so you’ll know what you need to prepare and the documents that you need to comply. Make sure you look into both the federal and the territorial permits and licenses that you need to register.
If this is the first time you are venturing into a business, then you should consult with an accountant and a business lawyer. Both professionals will be able to help you put together the documents that you need. The accountant can provide you with information concerning the finances of your future business and how to put your investment to good use. The lawyer, on the other hand, will help you document everything to ensure that you don’t violate any laws that might lead you to lose everything your investment.
Then, you must choose whether to register your business online or through the central office of the Business Bureau. If it is a convenience that you are after, then the online option might be the better choice. However, filing at the office will not only get you the permit that you need, but it will teach you the many things that may complicate your business structure.
Once you complete these, you don’t need to worry about being flagged by the government. More importantly, with the right business permits, you’ll be able to provide your target clientele with the products or services without restrictions. To be able to do all that, you must first talk to a business lawyer and get your business in Canada registered.