MyBusiness.ca

Sole Proprietorship

Easy to understand questions

Legal and security compliant

Documents in as little as 2 hours

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Streamlined Process

We handle the complexities, paperwork, and legal requirements, allowing you to focus on building your business and pursuing your vision.

Expert Guidance

With our experienced team by your side, you gain access to expert guidance throughout the incorporation process.

Guaranteed Results

By following our proven process, you can have confidence in the accuracy and completeness of your incorporation.

Why choose a sole proprietorship?

Choosing a sole proprietorship is a straightforward way to start your business. It offers simplicity, complete control, and fewer regulations compared to other business structures. It’s ideal for small, low-risk businesses and freelancers who want to test their business idea before formalizing it.

How do I register a sole proprietorship?

Registering a sole proprietorship is a simple process. You can register your business name online through our platform. Our registration package includes a step-by-step guide to help you complete the process swiftly, usually within 1-2 days.

Do I need a lawyer to register a sole proprietorship?

You do not need a lawyer to register a sole proprietorship. The registration process is straightforward and can be completed online. However, consulting a lawyer for legal advice can be beneficial, depending on your business situation.

What are the benefits of a sole proprietorship?

A sole proprietorship offers several benefits, including full control of the business, simple and inexpensive setup, and straightforward tax filing. All profits go directly to the owner, and there are fewer regulations to comply with compared to other business structures.

How can you help me register a sole proprietorship?

Our registration services are efficient, reliable, and easy to use. Our online form guides you through the registration process step-by-step. Should you have any questions, our on-screen FAQ or Customer Support representatives are available to assist you. After you submit your information, we will review your registration documents for accuracy before filing them with the government. You will receive confirmation once your registration is complete.

What are the responsibilities of a sole proprietor?

As a sole proprietor, you are responsible for all aspects of your business, including debts, liabilities, and legal obligations. This means your personal assets could be at risk if your business incurs debt or legal issues.

Can I hire employees as a sole proprietor?

Yes, as a sole proprietor, you can hire employees. However, you will need to comply with employment laws and regulations, including registering for an Employer Identification Number (EIN) and withholding taxes.