- to start your business you will have to start with registering your business name. you can pick to register your business by mail which costs 80$ or you can register your business online which costs 60$, and the registration is valid for 5 years only and then you will have to register again. and fcourse you will have to register a name that hasnt been in use form before because then it will be a franchize. if you cannot find a name there is a centre that can look one for you. its called Small Business Enterprise Centre (SBEC). the cost for a name is search is $12.
- the second stage for starting your small business is the taxes (income taxes). when you open you business you should be able to pay your tasex by income to the federal and the provincial governments.
- the third stage to start your own businees is to have a payrol deduction for you employees when you hire them for both federal and provincial. your suppose to get a payroll accounty with the Canada Revenue Agency (CRA).
- you are suppose to get a license. the license that you will get will allow you operate or work with whatever yo want in you store or location.
- then you get a something called zonig which means that you will have to tell the authoriies where your store or little business is located in. so that it wont be an illegal business.
- the most important thing that you have to do in starting a business is getting insurance so that if something happens to your business the government can cover for the charges. There are alot of insurances that you will have to choose from so in order to pick the right one, you will have to pick the one for what ever business you're doing.
- another thing you wil have to go and do is renting or buying permises or spaces. in order for you to buy/ rent you will have to go through those processes:
1.the kind of space you're looking for
2.the location—its proximity to potential customers and clients, and the zoning for your type of business
3.availability of parking
4.supplier access
5.security
6.the cost to purchase, if you're going that route
7.the amount of rent you're able to pay and whether it includes utilities and services
8.the amount you're willing to pay for improvements, if necessary.
depending on your type of business its better of starting by sharing spaces with other stores, then later on you can just go and buy a space or rent.
- another thing to do is hiring employees. for this type of business you will not need employees.
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